"Offense and Defense" - 3/20/2018

Bitcoin & Markets 3/19/18 On iTunes, YouTube, Soundcloud and Stitcher. -------------------- New to bitcoin? Start here: http://bitcoinandmarkets.com/resources -- THIS SHOW IS SUPPORTED BY LISTENERS LIKE YOU! Donate bitcoin, litecoin or via paypal: http://bitcoinandmarkets.com/donate Or support me on patreon: https://www.patreon.com/bitcoinandmarkets -- **Disclaimer: This is not investment advice, do your own research.** All sources at below. PRICES -------------------- Bitstamp: $8500 / 1 finney: $0.85 Mayer Multiple: Spot/200 MA ($9157) = 0.92 (1) 3M BTC Settled Futures (Jun): $8514 / spread: $0 or 0% - (Mar): $8457 / spread: -$50 or 0.5% CME Futures: Mar18 $8485 / Jun18 $8430 (2) Bitmex Futures: Mar18 $8465 / Jun18 $8478 MARKET SIZE and TRANSACTIONS -------------------- Market Cap: $144 B Dominance Index: 100% Global Bitcoin MC: $327 B NVT (Network Value/Transaction): 159 (3) Maximalist Price: $19,320 USD value tx'ed on-chain (24h): $7.46 B Avg tx Val (24h): $40.0k SECURITY -------------------- Difficulty: est. +3.5% in 12 days (4)(5) We just had another healthy difficulty retarget of +5.23%. I estimate it costs an avg of $6-7k to mine a bitcoin in the US. https://www.marketwatch.com/story/in-one-chart-heres-how-much-it-costs-to-mine-bitcoin-in-your-state-2017-12-15 FEES -------------------- Mempool: <1MB, ~1 sat/b (6)(7) Avg block size has been really low, at 515 Kbs yesterday. Still had a block that was ~2MB. Batching, input selection, etc. DEVELOPMENT -------------------- Merged PRs: 39 merged PRs and 22 closed issues (8)(9) Lightning Network: 4.6 btc capacity, 1839 open channels, 865 nodes - 2.1 channels/node (10)(11) GOOGLE TRENDS (14) -------------------- 20 of a 100. Steady for the last 3 weeks. On the 30 chart, there's been a higher high. Perhaps a turn around. NEWS -------------------- Gox coins are still over hanging the market. No movement. http://gaelb.alwaysdata.net/MTgox_watch_CW/index.html 440,000 bcash owned by one wallet https://twitter.com/BTC4USD/status/974484660301565952 https://bitinfocharts.com/bitcoin%20cash/address/19hZx234vNtLazfx5J2bxHsiWEmeYE8a7k-full EOS moving Ethereum https://twitter.com/WhalePanda/status/975382920373338112 Szabo tweet Defense is cheaper than offense https://twitter.com/NickSzabo4/status/974368975810265088 G20, Japan, Carney letter, next bubble https://www.coindesk.com/financial-stability-board-downplays-crypto-impact-on-global-finance/ US Congress looks favorably on bitcoin. Page 201. https://cointelegraph.com/news/us-congress-includes-crypto-in-its-joint-economic-report-for-the-first-time REGULAR SOURCES -------------------- 1. Mayer Multiple: http://mayermultiple.com 2. CME futures: http://www.cmegroup.com/trading/equity-index/us-index/bitcoin.html 3. Network Value to Transaction Ratio: http://charts.woobull.com/bitcoin-nvt-ratio/ 4. Network stats: http://fork.lol/pow/retarget 5. Difficulty: https://bitcoinwisdom.com/bitcoin/difficulty 6. Real time fees: https://tradeblock.com/bitcoin/ 7. Visualization: https://jochen-hoenicke.de/queue/#3m 8. Bitcoin github stats: https://github.com/bitcoin/bitcoin/pulse 9. Ranking: https://www.coingecko.com 10. LN testnet: https://explorer.acinq.co/#/ 11. LN nodes: https://lnmainnet.gaben.win/# 12. LedgerX: http://data.ledgerx.com/ 13. Gemini Auction: https://gemini.com/auction-data/ 14. Google trends "bitcoin": https://trends.google.com/trends/explore?q=bitcoin FOLLOW -------------------- Host: @AnselLindner https://twitter.com/AnselLindner Show: @btcmrkts https://twitter.com/btcmrkts We're on YouTube! https://www.youtube.com/c/bitcoinandmarkets THANK YOU LISTENERS! -------------------- Music by Joakim Karud and Choys