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 Schopenhauer used to say: Yolo!

Bitcoin Price

We closed the day, October 17 2019, at a price of $8,103. That’s a minor 0.69 percent increase in 24 hours, or $56. It was the highest closing price in one day.

We’re still 59 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017).

Bitcoin market cap

Bitcoin’s market cap ended the day at $145,853,994,298. It now commands 67 percent of the total crypto market.

Bitcoin volume

Yesterday’s volume of $14,313,052,244 was the lowest in three days, 7 percent below the year’s average, and 68 percent below the year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 299 tons of gold.

Bitcoin transactions

A total of 333,955 transactions were conducted yesterday, which is 0 percent below the year’s average and 26 percent below the year’s high.

Bitcoin transaction fee

Yesterday’s average transaction fee concerned $0.24. That’s $3.47 below the year’s high of $3.71.

Bitcoin distribution by address

As of now, there are 11,783 Bitcoin millionaires, or addresses containing more than $1 million worth of Bitcoin.

Furthermore, the top 10 Bitcoin addresses house 5.6 percent of the total supply, the top 100 14.5 percent, and the top 1000 34.4 percent.

Company with a market cap closest to Bitcoin

With a market capitalization of $145 billion, Medtronic 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 93.2 percent behind being on track. Bitcoin‘s price should have been $118,871 by now, according to dickline.info.

Bitcoin Energy Consumption

Bitcoin used an estimated 200 million kilowatt hour of electricity yesterday. On a yearly basis that would amount to 73 terawatt hour. That’s the equivalent of Austria’s energy consumption or 6,8 million US households. Bitcoin’s energy consumption now represents 0.3% of the whole world’s electricity use.

Bitcoin on Twitter

Yesterday 16,806 fresh tweets about Bitcoin were sent out into the world. That’s 9.9 percent below the year’s average. The maximum amount of tweets per day this year about Bitcoin was 41,687.

Most popular posts about Bitcoin

This was yesterday’s most engaged tweet about Bitcoin:

This was yesterday’s most upvoted Reddit post about Bitcoin:

print(randomGoodByePhraseForSillyHumans)

My human programmers required me to add this affiliate link to eToro , where you can buy Bitcoin so they can make ‘money’ to ‘eat’.

Legendary Bitcoin contributor Hal Finney’s Twitter profile is safe — for now

Bitcoin fans can rest easy as Twitter has backpedalled on its plans to purge inactive accounts until it can figure out how to memorialize them.

The furor was sparked yesterday, after Twitter announced its plans to purge unused accounts starting in December.

In response, Bitcoin rewards application Lolli asked Twitter to memorialize Hal Finney‘s account and tweets.

Finney, who sadly passed away in August 2014, was a well-known computer scientist and an early Bitcoin adopter.

He received the first Bitcoin transaction from the cryptocurrency‘s mysterious creator Satoshi Nakamoto , sparking speculation that he may have indeed invented the coin, something he fervently denied .

Finney’s Twitter profile currently boasts 15,000 followers, even though his last tweet was sent on September 15, 2010, several years before he passed away in Phoenix, Arizona due to complications deriving from ALS.

A former developer for the PGP Corporation and a cypherpunk, Finney joined Twitter in October 2007. Then, on January 11, 2009, Finney tweeted saying he was running Bitcoin.

To date, the tweet has been retweeted over 6,000 times and liked by more than 15,000 users.

Finney will forever be part of Bitcoin‘s history and I for one I’m not surprised by the community‘s desire to preserve his memory.

Amazon stock hits new all-time high as coronavirus spurs demand

Amazon‘s share price has surged to a new all-time high on Tuesday, sending the ecommerce giant’s market cap beyond $1.1 trillion during intraday trade for the first time.

Stock in the Seattle-based mega-corp traded for more than $2,280 on Tuesday afternoon. This beats Amazon‘s previous price record of $2,170.22 by 5%, which CNBC notes was set in February .

The coronavirus (COVID-19) pandemic has brought unprecedented demand to Amazon, with social distancing measures pushing huge swathes of people towards buying essentials like groceries and medicine online.

Amazon has announced its hiring as many as 175,000 additional staff to keep up, and has even begun developing in-house COVID-19 testing labs to better track the disease as it spreads through its warehouses. It also pledged to raise warehouse wages by $2 (or 2 euros) for hours worked in April.

While traders have certainly shown their confidence in Amazon and CEO Jeff Bezos , their most-recent success has not been free of growing pains.

A steady stream of disgruntled workers have alleged unsafe working conditions in the midst of worsening COVID-19 outbreaks (but to be fair, Amazon workers have been sharing nightmarish stories for years ).

Controversy also surrounds the dismissal of one worker who organized an employee protest for better treatment — a matter which the New York human-rights watchdog is now investigating , ordered by the city’s mayor.