The Week In Bitcoin - Feb 28 through Mar 6, 2011.

[Stephen Gornick]

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

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

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

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

Previous weekly summaries:
  http://www.bitcoinnews.com/archive  Follow on Twitter: @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.

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[Stephen Gornick]

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

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

[Stephen Gornick]

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

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

[hazek]

• 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.

[Stephen Gornick]

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

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

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

[Stephen Gornick]

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

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

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