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Bitcoin => Bitcoin Discussion => Topic started by: Stephen Gornick on March 01, 2011, 10:00:57 AM



Title: The Week In Bitcoin - Feb 28 through Mar 6, 2011.
Post by: Stephen Gornick on March 01, 2011, 10:00:57 AM
The Week In Bitcoin - Feb 28 through Mar 6, 2011.

Sunday Mar 6th, 2011

  • Next difficulty estimate, 78K, up over 40% since the last adjustment.
    Daily growth rate accelerating: http://bitcoin.sipa.be/growth.png
  • Blog and press mentions:
    - Zorinaq - mrb's blog - The Bitcoin Cryptocurrency
    -   "Something that is so cleverly designed, so profoundly unique, and such a polarizing concept, that when people first hear about it, they either dismiss it as something that could never work, or instantly grasp its immense potential"
    -   http://blog.zorinaq.com/?e=49
  • - The Bitcoin Report - Bitcoin top 100 'Rich List' 6th March 2011:
    -   At least 100 wallets contain at least 5,000 BTC. Also, a dozen w/10,000 BTC exactly.
    -   http://bitcoinreport.blogspot.com

Saturday Mar 5th, 2011

  • New ownership of Mt. Gox exchange.
    MagicalTux, web hosting provider and administrator of the Bitcoin wiki will be running the exchange:
    http://bitcointalk.org/index.php?topic=4187.0
    Blog and press mentions:
    - News: Rinf.com - An Internet Currency Which Promises To Work
    -    http://rinf.com/alt-news/sicence-technology/an-internet-currency-which-promises-to-work/10796 (http://rinf.com/alt-news/sicence-technology/an-internet-currency-which-promises-to-work/10796)

Friday Mar 4th, 2011

  • s3052’s briefest update yet: “not a lot of trading going on, no changes”
    http://bitcointalk.org/index.php?topic=1493.msg59761#msg59761
  • Mt. Gox service fully operational again.
  • New sites and other content:
    Bitcoin Bulletin - Blog, Reviews, and Classifieds (gigs & services):
    - http://www.BitcoinBulletin.com
    - http://en.bitcoin.it/wiki/The_Bitcoin_Bulletin

Thursday Mar 3rd, 2011

  • New client: Pycoin - an implementation of the Bitcoin network protocol. Python 3.
    http://gitorious.org/pycoin
    http://en.bitcoin.it/wiki/Pycoin
  • Mt. Gox network server move completed, network issue persists:
    - http://twitter.com/#!/MtGox/status/43238072393023488 (http://twitter.com/#!/MtGox/status/43238072393023488)

Wednesday Mar 2nd, 2011

  • BitPenny mining pool
    Status: Reopened.
    http://www.bitpenny.com
  • Blog post: Bitcoin Miner - Mining Pool Updates:
    http://www.bitcoinminer.com/post/3598711561
  • s3052’s Technical Analysis:
    “Overall, BTC/USD are in an initial uptrend after the correction phase,  with potential to regain RALLY momentum.”
    Long Term:
    - “Most probable scenario is a break above $0.95.”
    Short Term:
    - Resistance: $0.95 downward sloping trendline, then $1 and $1.10 all-time high.
    - Support: Strong support at $0.80, lower Bollinger band & horizontal support.]
    http://mtgox.com/blog/?p=283
  • Bitcoin Charts - A sharp, brand new look and some additional features were added.  Now includes a #Bitcoin-OTC ticker which includes orders in over a half dozen different currencies:
    http://www.bitcoincharts.com
    #bitcoin-otc ticker page: http://bitcoin-otc.com/ticker.php
  • Mt. Gox exchange reportedly undergoing maintenance.
    Seen in #bitcoin-otc:
      [13:05:25] <mtgox> We are moving the mtgox server to a new host. Should be back up soon
    Shortly afterwards was a forum post describing the delay:
    http://bitcointalk.org/index.php?topic=4073.msg58721#msg58721
    The site is back up, but depending on your ISP’s configuration it may take up to 24 hours to access the site once again.
    On a related note: If you haven’t been following the “Baron” saga, here’s a nice summary:
    http://bitcointalk.org/index.php?topic=4065.msg58548#msg58548

Tuesday, Mar 1st, 2011

  • New sites and other content:
    Bit QnA - a Question and Answer service powered by bitcoins.
    - http://www.bitqna.com
    - http://en.bitcoin.it/wiki/Bit_QnA
    Added to Wiki Trade Page, Singularity Institute accepts Bitcoin.
    - https://en.bitcoin.it/wiki/Trade#Donation-accepting_organizations_and_projects
  • Article:HTG Explains: What Is Bitcoin, the Virtual Digital Currency?
    http://www.howtogeek.com/howto/44718/htg-explains-what-is-bitcoin
    “Are we finally getting close to a Star Trek Credit-system, or is this thing gonna just blow over in a few years?”
  • Article: Bitcoin. How it works, on what appears to be a Russian tech site.
    http://habrahabr.ru/blogs/crypto/114642
    The article got hundreds of reads and dozens of comments, including:
    “Keynesianism - the worst thing that happened with the economy for a couple of centuries.”
  • s3052’s Techical Analysys - Brief Update:
    “BTC/USD did not go down as deep as $0.80.”
    “A strong rise above the $1.0 – $1.1 area brings the bull back into the lead.”
    http://mtgox.com/blog/?p=278


Monday, Feb 28th, 2011

  • Bitcoin pitched at The Future Of Money & Technology conference
    http://twitter.com/kitode/statuses/42296171280084992
  • Got a bot?  Gribble joins the #bitcoin-mining channel.
    http://webchat.freenode.net/?channels=bitcoin-mining
    http://en.bitcoin.it/wiki/Gribble
  • s3052’s Brief Technical Update:
    No change vs. last updates (TREND is DOWN for BTC/USD towards $0.80).
    http://bitcointalk.org/index.php?topic=1493.msg57001#msg57001
  • New sites and other content:
    Is there a relationship between mining and the value of Bitcoin currency?
    -  http://www.bitcoinmoney.com/post/3573286726 (http://www.bitcoinmoney.com/post/3573286726)


Current week (updated throughout each day):
  http://www.bitcoinnews.com (http://www.bitcoinnews.com)

Previous weekly summaries:
  http://www.bitcoinnews.com/archive (http://www.bitcoinnews.com/archive)  Follow on Twitter: @BitcoinNews (http://twitter.com/bitcoinnews)

Each day I will post a reply with the previous day's summary, and will update this specific post to include each daily summary as well.


Title: Re: The Week In Bitcoin - Feb 28 through Mar 6, 2011.
Post by: Stephen Gornick on March 02, 2011, 11:00:44 AM
The Week In Bitcoin - Feb 28 through Mar 6, 2011.

Tuesday, Mar 1st, 2011

  • New sites and other content:
    Bit QnA - a Question and Answer service powered by bitcoins.
    - http://www.bitqna.com
    - http://en.bitcoin.it/wiki/Bit_QnA
    Added to Wiki Trade Page, Singularity Institute accepts Bitcoin.
    - https://en.bitcoin.it/wiki/Trade#Donation-accepting_organizations_and_projects
  • Article:HTG Explains: What Is Bitcoin, the Virtual Digital Currency?
    http://www.howtogeek.com/howto/44718/htg-explains-what-is-bitcoin
    “Are we finally getting close to a Star Trek Credit-system, or is this thing gonna just blow over in a few years?”
  • Article: Bitcoin. How it works, on what appears to be a Russian tech site.
    http://habrahabr.ru/blogs/crypto/114642
    The article got hundreds of reads and dozens of comments, including:
    “Keynesianism - the worst thing that happened with the economy for a couple of centuries.”
  • s3052’s Techical Analysys - Brief Update:
    “BTC/USD did not go down as deep as $0.80.”
    “A strong rise above the $1.0 – $1.1 area brings the bull back into the lead.”
    http://mtgox.com/blog/?p=278


Current week (updated throughout each day):
  http://www.bitcoinnews.com (http://www.bitcoinnews.com)

Previous weekly summaries:
  http://www.bitcoinnews.com/archive (http://www.bitcoinnews.com/archive)  Follow on Twitter: @BitcoinNews (http://twitter.com/bitcoinnews)


Title: Re: The Week In Bitcoin - Feb 28 through Mar 6, 2011.
Post by: Stephen Gornick on March 03, 2011, 09:00:57 AM
The Week In Bitcoin - Feb 28 through Mar 6, 2011.


Wednesday Mar 2nd, 2011

  • BitPenny mining pool
    Status: Reopened.
    http://www.bitpenny.com
  • Blog post: Bitcoin Miner - Mining Pool Updates:
    http://www.bitcoinminer.com/post/3598711561
  • s3052’s Technical Analysis:
    “Overall, BTC/USD are in an initial uptrend after the correction phase,  with potential to regain RALLY momentum.”
    Long Term:
    - “Most probable scenario is a break above $0.95.”
    Short Term:
    - Resistance: $0.95 downward sloping trendline, then $1 and $1.10 all-time high.
    - Support: Strong support at $0.80, lower Bollinger band & horizontal support.]
    http://mtgox.com/blog/?p=283
  • Bitcoin Charts - A sharp, brand new look and some additional features were added.  Now includes a #Bitcoin-OTC ticker which includes orders in over a half dozen different currencies:
    http://www.bitcoincharts.com
    #bitcoin-otc ticker page: http://bitcoin-otc.com/ticker.php
  • Mt. Gox exchange reportedly undergoing maintenance.
    Seen in #bitcoin-otc:
      [13:05:25] <mtgox> We are moving the mtgox server to a new host. Should be back up soon
    Shortly afterwards was a forum post describing the delay:
    http://bitcointalk.org/index.php?topic=4073.msg58721#msg58721
    The site is back up, but depending on your ISP’s configuration it may take up to 24 hours to access the site once again.
    On a related note: If you haven’t been following the “Baron” saga, here’s a nice summary:
    http://bitcointalk.org/index.php?topic=4065.msg58548#msg58548

Current week (updated throughout each day):
  http://www.bitcoinnews.com (http://www.bitcoinnews.com)

Previous weekly summaries:
  http://www.bitcoinnews.com/archive (http://www.bitcoinnews.com/archive)  Follow on Twitter: @BitcoinNews (http://twitter.com/bitcoinnews)


Title: Re: The Week In Bitcoin - Feb 28 through Mar 6, 2011.
Post by: hazek on March 03, 2011, 10:29:12 PM
  • s3052’s Technical Analysis:
    “Overall, BTC/USD are in an initial uptrend after the correction phase,  with potential to regain RALLY momentum.”
    Long Term:
    - “Most probable scenario is a break above $0.95.”
    Short Term:
    - Resistance: $0.95 downward sloping trendline, then $1 and $1.10 all-time high.
    - Support: Strong support at $0.80, lower Bollinger band & horizontal support.]
    http://mtgox.com/blog/?p=283

I wish you also included some volume numbers because prices at a low volume can be very volatile.


Title: Re: The Week In Bitcoin - Feb 28 through Mar 6, 2011.
Post by: Stephen Gornick on March 05, 2011, 03:02:51 PM
The Week In Bitcoin - Feb 28 through Mar 6, 2011.

Friday Mar 4th, 2011

  • s3052’s briefest update yet: “not a lot of trading going on, no changes”
    http://bitcointalk.org/index.php?topic=1493.msg59761#msg59761
  • Mt. Gox service fully operational again.
  • New sites and other content:
    Bitcoin Bulletin - Blog, Reviews, and Classifieds (gigs & services):
    - http://www.BitcoinBulletin.com
    - http://en.bitcoin.it/wiki/The_Bitcoin_Bulletin

Thursday Mar 3rd, 2011

  • New client: Pycoin - an implementation of the Bitcoin network protocol. Python 3.
    http://gitorious.org/pycoin
    http://en.bitcoin.it/wiki/Pycoin
  • Mt. Gox network server move completed, network issue persists:
    - http://twitter.com/#!/MtGox/status/43238072393023488 (http://twitter.com/#!/MtGox/status/43238072393023488)


Current week (updated throughout each day):
  http://www.bitcoinnews.com (http://www.bitcoinnews.com)

Previous weekly summaries:
  http://www.bitcoinnews.com/archive (http://www.bitcoinnews.com/archive)  Follow on Twitter: @BitcoinNews (http://twitter.com/bitcoinnews)


Title: Re: The Week In Bitcoin - Feb 28 through Mar 6, 2011.
Post by: Stephen Gornick on March 07, 2011, 01:37:16 PM
The Week In Bitcoin - Feb 28 through Mar 6, 2011.

Sunday Mar 6th, 2011

  • Next difficulty estimate, 78K, up over 40% since the last adjustment.
    Daily growth rate accelerating: http://bitcoin.sipa.be/growth.png
  • Blog and press mentions:
    - Zorinaq - mrb's blog - The Bitcoin Cryptocurrency
    -   "Something that is so cleverly designed, so profoundly unique, and such a polarizing concept, that when people first hear about it, they either dismiss it as something that could never work, or instantly grasp its immense potential"
    -   http://blog.zorinaq.com/?e=49
  • - The Bitcoin Report - Bitcoin top 100 'Rich List' 6th March 2011:
    -   At least 100 wallets contain at least 5,000 BTC. Also, a dozen w/10,000 BTC exactly.
    -   http://bitcoinreport.blogspot.com

Saturday Mar 5th, 2011

  • New ownership of Mt. Gox exchange.
    MagicalTux, web hosting provider and administrator of the Bitcoin wiki will be running the exchange:
    http://bitcointalk.org/index.php?topic=4187.0
    Blog and press mentions:
    - News: Rinf.com - An Internet Currency Which Promises To Work
    -    http://rinf.com/alt-news/sicence-technology/an-internet-currency-which-promises-to-work/10796 (http://rinf.com/alt-news/sicence-technology/an-internet-currency-which-promises-to-work/10796)


Current week (updated throughout each day):
  http://www.bitcoinnews.com (http://www.bitcoinnews.com)

Previous weekly summaries:
  http://www.bitcoinnews.com/archive (http://www.bitcoinnews.com/archive)  Follow on Twitter: @BitcoinNews (http://twitter.com/bitcoinnews)