More from @BitcoinMagazine

Bitcoin Magazine

@BitcoinMagazine

9 May

Bitcoin has been consolidating around the $1 trillion market cap threshold for almost three months.

What’s happening behind the scenes, and how should investors be thinking about the recent price action of bitcoin?

[THREAD]

Long-term hodlers are accumulating.

Over the last 30 days HODLers have accumulated 93,638 BTC more than they have sold. The conviction of bitcoiners is not the least bit shaken, & they are viewing the period of price consolidation as a stacking opportunity.

Miners are accumulating.

Over the last 30-day period, miners have accumulated a net position of 5,459 BTC.

With hash rate lagging far behind price action over the past year, coupled with a global semiconductor shortage, expect miners to continue to be net accumulators of BTC.

Read 8 tweets

Bitcoin Magazine

@BitcoinMagazine

6 May

What is money?

The below list are the defining characteristics that make up for a stable and dependable monetary good:

Inflation and wealth destruction.

"The truth is the wealth you’ve accrued in state-issued currency is losing its value every single year. Every single year...Inflation is a monetary phenomenon, not a price phenomenon."

Memes can speak a thousand words.

Read 7 tweets

Bitcoin Magazine

@BitcoinMagazine

8 Dec 20

Bitcoin Magazine presents the Top 21 Bitcoin Projects in 2020!

This year may go down as the most bullish in Bitcoin history thanks to an assortment of projects led by teams from around the world dedicated to making bitcoin the standard.

bitcoinmagazine.com/articles/the-2…

Here is a thread for the entire top 21 most influential Bitcoin projects list.

Including honorable mentions at the end.

👇👇👇

@bisq_network

This year, @bisq_network provided the most censorship-resistant on-ramp and off-ramp for Bitcoin. Bisq is designed to be the exchange of last resort and it has made some massive strides in 2020, including adding SegWit support.

Read 24 tweets

Bitcoin Magazine

@BitcoinMagazine

31 Oct 20

Today is #Bitcoin White Paper Day!

On October 31, 2008, Satoshi Nakamoto released “Bitcoin: A Peer-to-Peer Electronic Cash System,” the technical vision for a “purely peer-to-peer version of electronic cash” that would become the preeminent cryptocurrency and blockchain.

1/10

As the growth of Bitcoin has proven, the need for a P2P, electronic version of cash was much needed then and has become even more important today. What better time than this anniversary to revisit this seminal document?

bitcoin.org/bitcoin.pdf

2/10:

In the paper, Nakamoto outlines many of the qualities that have made Bitcoin so successful — including transaction signature verification, timestamping and proof of work — with notable prescience. For instance, Bitcoin’s critical difficulty adjustment (cont. below):

3/10:

Read 10 tweets

Bitcoin Magazine

@BitcoinMagazine

30 Oct 20

The U.S. Presidential Election is looming and we want you to join our watch party! We'll be hosting Marbles and election commentary over on our Twitch channel (twitch.tv/bitcoin) on November 3 starting at 7:00 pm ET. Mark your calendars and stay tuned for updates!

@earncarrot

Throughout the stream, we're trying to give away 10,000,000 sats! We've teamed up with @earncarrot to reward our audience for their election hot takes, predictions and content.

First up, we're calling for your dankest election memes! Learn more here:

earncarrot.com/bitcoin-magazi…

We also want to reward you for sending in hottest election takes, with a chance to have your message broadcaster during our stream.

Check out the details here:

earncarrot.com/bitcoin-magazi…

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