Today in Bitcoin History / @daily_btc_lore:
R to @daily_btc_lore: 4/6 - The rally: ~$9,000 at announcement. $11,000 by June 22. $13,793 on June 26, a 17-month high per @CoinDesk. Coinbase buckled under the volume. A 13% flash crash mid-session, then recovery. The high held.
Reporting from the time:
http://coindesk.com/markets/2019/06/26/bitcoin-price-hits-17-month-high-above-129k/
R to @daily_btc_lore: 4/6 - The rally: ~$9,000 at announcement. $11,000 by June 22. $13,793 on June 26, a 17-month high per @CoinDesk. Coinbase buckled under the volume. A 13% flash crash mid-session, then recovery. The high held.
Reporting from the time:
http://coindesk.com/markets/2019/06/26/bitcoin-price-hits-17-month-high-above-129k/
Today in Bitcoin History / @daily_btc_lore:
R to @daily_btc_lore: 5/6 - Congress called hearings to block Libra. By late 2019, Mastercard, Visa, PayPal, and Uber had all withdrawn. Libra became Diem, sold its IP to Silvergate Bank in early 2022, and shut down. Facebook spent years and hundreds of millions failing to build what already existed.
R to @daily_btc_lore: 5/6 - Congress called hearings to block Libra. By late 2019, Mastercard, Visa, PayPal, and Uber had all withdrawn. Libra became Diem, sold its IP to Silvergate Bank in early 2022, and shut down. Facebook spent years and hundreds of millions failing to build what already existed.
Today in Bitcoin History / @daily_btc_lore:
R to @daily_btc_lore: 6/6 - Bitcoin needed none of it. No partners, no congressional sign-off, no rebranding. Libra proved digital money was inevitable, then failed to build it. Bitcoin just kept going.
Have a favorite Bitcoin history moment? Help me make sure it's in my list and drop it below 👇🧡
R to @daily_btc_lore: 6/6 - Bitcoin needed none of it. No partners, no congressional sign-off, no rebranding. Libra proved digital money was inevitable, then failed to build it. Bitcoin just kept going.
Have a favorite Bitcoin history moment? Help me make sure it's in my list and drop it below 👇🧡
Today in Bitcoin History / @daily_btc_lore:
R to @daily_btc_lore: 2/6 - Bitcoin mining in June 2011 had a structural problem. DeepBit, run by a single operator, controlled more than 50% of the network's hashrate, the threshold for a 51% attack. The community was alarmed. And to even participate, you needed to run a command-line client.
R to @daily_btc_lore: 2/6 - Bitcoin mining in June 2011 had a structural problem. DeepBit, run by a single operator, controlled more than 50% of the network's hashrate, the threshold for a 51% attack. The community was alarmed. And to even participate, you needed to run a command-line client.
Today in Bitcoin History / @daily_btc_lore:
R to @daily_btc_lore: 3/6 - Geir Harald Hansen (DrHaribo) had been building since March 2011. His approach: a Java client that launched from a browser, no installation, no terminal, cross-platform on Windows, Linux, and Mac. His goal was more miners. More miners meant a more distributed network.
R to @daily_btc_lore: 3/6 - Geir Harald Hansen (DrHaribo) had been building since March 2011. His approach: a Java client that launched from a browser, no installation, no terminal, cross-platform on Windows, Linux, and Mac. His goal was more miners. More miners meant a more distributed network.
Today in Bitcoin History / @daily_btc_lore:
R to @daily_btc_lore: 4/6 - BitMinter launched June 26 and adapted as the hardware shifted. GPU mining at launch. FPGA support in 2012. ASIC support in 2013. It also introduced merged Namecoin mining in November 2011, letting pool members earn a second coin without splitting their hashpower.
R to @daily_btc_lore: 4/6 - BitMinter launched June 26 and adapted as the hardware shifted. GPU mining at launch. FPGA support in 2012. ASIC support in 2013. It also introduced merged Namecoin mining in November 2011, letting pool members earn a second coin without splitting their hashpower.
Today in Bitcoin History / @daily_btc_lore:
R to @daily_btc_lore: 5/6 - By May 2013, BitMinter was producing around 10% of all Bitcoin blocks, sometimes 20% on a given day. From their records: 6,487 blocks mined, 205,000+ BTC produced, 728,000 registered users over its lifetime. Mining closed July 1, 2020.
R to @daily_btc_lore: 5/6 - By May 2013, BitMinter was producing around 10% of all Bitcoin blocks, sometimes 20% on a given day. From their records: 6,487 blocks mined, 205,000+ BTC produced, 728,000 registered users over its lifetime. Mining closed July 1, 2020.
Today in Bitcoin History / @daily_btc_lore:
R to @daily_btc_lore: 6/6 - BitMinter launched when one pool held 50% of hashrate and the command line was the only entry point. Making mining accessible was structural and DrHaribo built the on-ramp.
Have a favorite Bitcoin history moment? Help me make sure it's in my list and drop it below 👇🧡
R to @daily_btc_lore: 6/6 - BitMinter launched when one pool held 50% of hashrate and the command line was the only entry point. Making mining accessible was structural and DrHaribo built the on-ramp.
Have a favorite Bitcoin history moment? Help me make sure it's in my list and drop it below 👇🧡
Bitcoin University:
Support For BIP-110 Snowballing
Support For BIP-110 Snowballing
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Support For BIP-110 Snowballing
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https://store.start9.com/
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https://bitcoinknots.org/#download
In this video, I discuss how support for BIP…
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Best ways to run BIP-110:
https://store.start9.com/
https://www.youtube.com/watch?v=irW6CPObVVk&t=1s
https://bitcoinknots.org/#download
In this video, I discuss how support for BIP…
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