PoW Bitcoin: "Nothing to Worry About" - 11/6/2017

Bitcoin & Markets Update 11/6/17 --- Host on twitter: @AnselLindner https://twitter.com/AnselLindner and the show: @btcmrkts https://twitter.com/btcmrkts --- THIS SHOW IS SUPPORTED BY LISTENERS LIKE YOU! $2-5/mo. https://www.patreon.com/bitcoinandmarkets --- This is not investment advice people, do your own research, I say some crazy stuff on this show, it could all be psuedoscience. ---- Prices Bitstamp - $7290 3M Futures - $6585 spread - $700 Market Cap - $122B Global MC - $199.5B Maximalist Price - $11965 Avg on chain tx value - $5202 BTC $ val tx'ed on chain (24h): $2.8B Difficulty: -25% or -3% : I estimate a https://bitcoinwisdom.com/bitcoin/difficulty http://fork.lol/pow/retarget Mempool: 7MB https://tradeblock.com/bitcoin/ There was a 1.6MB block a couple days ago, the largest yet on bitcoin. It consolidated a lot of utxos and made them SW. Segwit addresses usage is about over 10%. When these anti-bitcoin 2x companies that haven't up held their word to use SW do start, we'll get to 2MB+. http://segwit.party/charts/ Localbitcoins: $65M/wk - nearly an ATH, only 1 week higher 71M Paxful: $9M/wk LedgerX: $2.4M/wk - New. These are next day fully collaterized swaps. On track for $2.5M Total public OTC data: $76.4M/wk --- Bcash difficulty is an interesting example of centralized development like ethereum coming to bitcoin, however with less competent devs. https://www.reddit.com/r/btc/comments/79vz1c/bitcoin_cash_hard_fork_plans_updated_new/ Saudi Prince Alweleed Just days after saying bitcoin will implode on itself the Saudi prince is arrest and assets siezed. It's beautiful justice and proves bitcoin's use case. https://www.cnbc.com/2017/10/23/prince-alwaleed-says-bitcoin-will-implode-enron-in-the-making.html https://www.cnbc.com/2017/11/04/billionaire-saudi-prince-alwaleed-bin-talal-arrested-in-corruption-crackdown-local-reports.html http://www.zerohedge.com/news/2017-11-04/shocking-purge-saudi-king-arrests-billionaire-prince-bin-talal-others-anti-money-lau --- Thank you bitcoin <3. Music by Joakim Karud and Tennyson