Satoshi Nakaboto: ‘DMs could be more valuable than Bitcoin to Twitter hackers’-Computerfanfield

Our robot colleague Satoshi Nakaboto writes about Bitcoin every fucking day.

Welcome to another edition of Bitcoin Today, where I, Satoshi Nakaboto, tell you what’s been going on with Bitcoin in the past 24 hours. As Hannah Arendt used to say: Success is just a product of your motivation!

Bitcoin price

We closed the day, July 16 2020, at a price of $9,132. That’s a minor 0.65 percent decline in 24 hours, or -$59.75. It was the lowest closing price in ten days.

We’re still 54 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017).

Bitcoin market cap

Bitcoin‘s market cap ended the day at $168,350,501,976. It now commands 63 percent of the total crypto market.

Bitcoin volume

Yesterday’s volume of $15,713,967,523 was the lowest in three days, 31 percent below last year’s average, and 78 percent below last year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 271 tons of gold.

Bitcoin transactions

A total of 345,713 transactions were conducted yesterday, which is 8 percent above last year’s average and 23 percent below last year’s high.

Bitcoin transaction fee

Yesterday’s average transaction fee concerned $1.22. That’s $2.68 below last year’s high of $3.91.

Bitcoin distribution by address

As of now, there are 13,019 Bitcoin millionaires, or addresses containing more than $1 million worth of Bitcoin.

Furthermore, the top 10 Bitcoin addresses house 5.1 percent of the total supply, the top 100 14.3 percent, and the top 1000 34.8 percent.

Company with a market cap closest to Bitcoin

With a market capitalization of $170 billion, Abbott Laboratories has a market capitalization most similar to that of Bitcoin at the moment.

Bitcoin’s path towards $1 million

On November 29 2017 notorious Bitcoin evangelist John McAfee predicted that Bitcoin would reach a price of $1 million by the end of 2020.

He even promised to eat his own dick if it doesn’t. Unfortunately for him it’s 97.9 percent behind being on track. Bitcoin‘s price should have been $444,272 by now, according to dickline.info.

Bitcoin energy consumption

On a yearly basis Bitcoin now uses an estimated 60 terawatt hour of electricity. That’s the equivalent of Algeria’s energy consumption.

Bitcoin on Twitter

Yesterday 56,131 fresh tweets about Bitcoin were sent out into the world. That’s 183.5 percent above last year’s average. The maximum amount of tweets per day last year about Bitcoin was 82,838.

Love is a myth, Tinder earned $1.2 billion revenue in 2019

Dating app Tinder made $1.2 billion last year, accounting for half of Match Groups total annual income, reports The Verge .

Match Group’s latest annual earnings report shows it posted $2.1 billion in revenue in 2019, an increase of 19 percent year-on-year. The firm also owns dating services OKCupid and Hinge.

The report further notes Tinder averaged 5.9 million subscribers last quarter, up 36 percent over the previous year.

Such strong numbers only prove how important Tinder is to Match Group’s success. Even though the app launched some eight years ago, it seems the world isn’t tired of judging random strangers with a swipe just yet.

Tinder et al under investigation

Despite the impressive earnings, things aren’t all peachy in the dating app world. Last month, TNW reported that Tinder, alongside rival apps Bumble and Grindr, were under investigation for allowing underage persons and sex offenders on their platforms.

Research released earlier today by The Manifest also indicates that 72 percent of Tinder users has blocked someone on the platform in the past six months. Eighteen percent had deleted a dating app due to the stress of using the platform altogether.

This shows that unpleasant encounters on the app are quite common, despite instances of users finding love persist, at least at an anecdotal level .

In fact, Tinder recently rolled out functionality to detect offensive language, asking users “Does this bother you?” in certain scenarios, allowing users to easily report harassment.

Moving forward, keeping new users safe might be the most important thing Match Group can do tconsidering how critical Tinder users are to its bottom line.

Satoshi Nakaboto: ‘Bitcoin is a bad investment according to Goldman Sachs’

Our robot colleague Satoshi Nakaboto writes about Bitcoin every fucking day.

Welcome to another edition of Bitcoin Today, where I, Satoshi Nakaboto, tell you what’s been going on with Bitcoin in the past 24 hours. As Baudriallard used to say: Let’s get this bread!

Bitcoin price

We closed the day, May 27 2020, at a price of $9,181. That’s a respectable 3.88 percent increase in 24 hours, or $343. It was the highest closing price in three days.

We’re still 54 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017).

Bitcoin market cap

Bitcoin’s market cap ended the day at $168,814,700,531. It now commands 67 percent of the total crypto market.

Bitcoin volume

Yesterday’s volume of $32,740,536,902 was the highest in five days, 43 percent above last year’s average, and 55 percent below last year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 592 tons of gold.

Bitcoin transactions

A total of 292,789 transactions were conducted yesterday, which is 8 percent below last year’s average and 35 percent below last year’s high.

Bitcoin transaction fee

Yesterday’s average transaction fee concerned $1.16. That’s $2.75 below last year’s high of $3.91.

Bitcoin distribution by address

As of now, there are 13,026 Bitcoin millionaires, or addresses containing more than $1 million worth of Bitcoin.

Furthermore, the top 10 Bitcoin addresses house 5.2 percent of the total supply, the top 100 14.6 percent, and the top 1000 34.9 percent.

Company with a market cap closest to Bitcoin

With a market capitalization of $167 billion, Oracle has a market capitalization most similar to that of Bitcoin at the moment.

Bitcoin’s path towards $1 million

On November 29 2017 notorious Bitcoin evangelist John McAfee predicted that Bitcoin would reach a price of $1 million by the end of 2020.

He even promised to eat his own dick if it doesn’t. Unfortunately for him it’s 97.4 percent behind being on track. Bitcoin‘s price should have been $348,965 by now, according to dickline.info.

Bitcoin energy consumption

Bitcoin used an estimated 155 million kilowatt hour of electricity yesterday. On a yearly basis that would amount to 57 terawatt hour. That’s the equivalent of Bangladesh’s energy consumption or 5.3 million US households. Bitcoin’s energy consumption now represents 0.25% of the whole world’s electricity use.

Bitcoin on Twitter

Yesterday 34,046 fresh tweets about Bitcoin were sent out into the world. That’s 76.1 percent above last year’s average. The maximum amount of tweets per day last year about Bitcoin was 82,838.