Stephen Gornick (OP)
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March 22, 2011, 12:21:22 PM Last edit: March 28, 2011, 06:42:42 PM by sgornick |
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The Week In Bitcoin - Mar 21 through Mar 27, 2011. Sunday, Mar 27th, 2011- Upcoming events:
- [ACH] Payments 2011 - Austin, TX, USA - April 3-6, 2011 - http://payments.nacha.org/c/DiscoverPAYMENTS2011.cfm - Bricks + Mobile 2011 - Spertus Institute, Chicago, IL, USA - March 30, 2011 - http://www.remodista.com/bricks-mobile-2011 - 10th international epca conference - Amsterdam, April 4-6, 2011 (w/ genjix’s Bitcoin workshop on April 4th)- http://www.epcaconference.com/index.php/2011/2011/program - London Pub Crawl - April, 2001 [Date and location TBD] - http://bitcointalk.org/index.php?topic=5007.0 - Bulletin board for all Events, meetups, conferences and other events: - http://bitcointalk.org/index.php?topic=4526.0 - s3052’s Technical Analysis
Price action review over the past days: “BTC/USD is up +27% in only 3 days”. [Update: BTC/USD has retraced 50% of this.] Long term: Prices may accelerate towards $1.50-$1.70 and $2 quickly. Short term: Support levels are now the broken trendline and then $0.80. - http://blog.bitcoinwatch.com/2011/03/bitcoin-is-back-in-the-rally - The Bitcoin OTC web of trust (WoT) has surpassed the milestone of having over 100 users who have registered a GPG key. The over-the-counter market is used to buy and sell bitcoins, currencies, options and even physical items. Orders are listed in a web view of the order book and trade occurs in the #bitcoin-otc IRC channel.
- http://bitcoin-otc.com/trust.php - http://bitcoin-otc.com/viewratings.php - http://bitcoin-otc.com/vieworderbook.php - First market for exchanging bitcoins to and from the British Pound Sterling BTC/GBP has opened. Britcoin features:
- Adding and withdrawing GBP funds via bank direct deposit without incurring any fees. - http://britcoin.co.uk - http://en.bitcoin.it/wiki/Britcoin - Bitcoin Economy Snapshot:
1 BTC = $0.83 USD, Size: 5.77M BTC, Last 24h: 0.15M BTC in 2.6K trx, Difficulty: 69.0K, Forum posts/day: 683, Nodes: 1.6K http://twitter.com/bitcoineconomy - Bitcoin Watch now owned by Bitcoin Charts.
- http://bitcointalk.org/index.php?topic=5016.0 - http://www.BitcoinWatch.com On a related note, tcatm of Bitcoin Charts reported in #bitcoin-otc that there are over 400 simultaneous visitors to the BitcoinCharts.com site, many of which are on auto-refresh (every 5 seconds). Saturday, Mar 26th, 2011Friday, Mar 25th, 2011- Bitcoin daemon “hang” problem isolated.
An issue that likely was the culprit in causing service issues for a number of bitcoin-related website appears to have been identified. A fix will be forthcoming. http://bitcointalk.org/index.php?topic=4904.0 - New Guide: How To Set Up Pooled Bitcoin Mining In Windows
Provides an overview of mining pools and instructions to get set up mining against Slush’s Bitcoin Pooled Mining service: http://www.newslobster.com/bitcoin/how-to-set-up-pooled-bitcoin-mining-in-windows - Miner software updates:
DiabloMiner 2011-03-25 updated. - Merged jwadamson’s patch that gets rid of the OSX dock icon. - http://www.bitcoinminer.com/post/4098046014 m0mchil’s Python OpenCL miner, poclbm updated - All changes were pool related. - http://www.bitcoinminer.com/post/4091959986 BitcoinPool’s poclbm-mod-03.24.2011 updated. - http://www.bitcoinminer.com/post/4097210791 - Bitcoin Economy Snapshot:
1 BTC = $0.88 USD, Size: 5.75M BTC, Last 24h: 0.29M BTC in 1.9K trx, Difficulty: 69.0K, Forum posts/day: 732, Nodes: 1.5K, #bitcoin http://bit.ly/gBCrrX - New features added to BiddingPond auction site.
- New layout. - Unique QR code displayed on each listing. - Auto-generated payment address (payment handling optional through BiddingPond). - Social network integration (Twitter, Facebook, etc. ) http://www.biddingpond.com http://bitcointalk.org/index.php?topic=574.msg72007#msg72007 - A Bitcoin predecessor?
COIN: a distributed accounting system for peer to peer networks [2006-2007] http://bitcointalk.org/index.php?topic=4944.0 - Network Hashing Difficulty adjusted to 68,979, a decrease by about 10%. Difficulty only decreased once before (May 19, 2010).
http://bit.ly/fHZbQ3 - MtGox Exchange - Euro transfers are now free.
http://twitter.com/#!/MtGox/status/51213844948860928 Thursday, Mar 24th, 2011- New sites and other content:
Bitcoin wiki article: Myths The recent influx of new visitors from the slashdotting renewed the need for an update to the Myths article in the Wiki. Here’s an example: Myth: Early adopters are unfairly rewarded. The vast majority of the 21 million Bitcoins still have not been distributed. By starting to mine or acquire Bitcoins today, you too can become an early adopter. - http://en.bitcoin.it/wiki/Myths - s3052’s Technical Analysis
Long Term: “The decline from the 1.1 $ high looks only corrective (a-b-c). This is a good argument for the longterm bulls.” Short Term: “Next resistances are $0.90 (very weak), $0.95 (strong), $1.00 (medium), $1.10 (strong).” - http://www.forexfactory.com/showthread.php?p=4497563#post4497563 - “Quick alert” (mid-day)
“Today, the 2 months downtrend line has been broken to the upside.” - http://bitcointalk.org/index.php?topic=1493.msg71455#msg71455 - BTCMine - offers incentive to miners, 5 BTC bonus to miner responsible for solving every 5th block:
- http://twitter.com/#!/btcmine/status/50920930322546688 Wednesday, Mar 23rd, 2011- s3052 describes “curve filling” and why the jump up in the USD/BTC market exchange rate was no big deal.
http://bitcointalk.org/index.php?topic=4795.msg70824#msg70824 - Press: Mentions in HackerNews, Reddit, Slashdot, DailyPaul, and more.
Bitcoin.org website “slashdotted”, meaning it was not able to keep up with the amount of traffic. Traffic to the homepage was directed to the Bitcoin wiki. Tuesday, Mar 22nd, 2011- Event: Using Technology To Advance Liberty presentation.
Will be presented online, Sunday, March 27th, 2011 at 2:00PM EST. - Presentation sneak peek: http://bit.ly/ijdKGn (pdf) - http://bitcointalk.org/index.php?topic=4792.msg70038#msg70038 - s3052’s Technical Analysis Mini Update:
Longterm: RALLY Short-term: RALLY has been re-ignited. Next resistances: $0.88-$0.90. - http://bitcointalk.org/index.php?topic=1493.msg70024#msg70024 - Video: What is Bitcoin, from @JustMoon
Excellent animated video introduction to Bitcoin. - http://www.youtube.com/watch?v=Um63OQz3bjo - http://www.bitcoinmoney.com/post/4032796289 The animated video was created in response to a very sizable bounty offer. If the video’s producer is awarded most or all of the entire bounty, that payment will represent the largest known payment in exchange for services to-date. - http://bitcointalk.org/index.php?topic=697.0 - Bitcoin Economy Snapshot:
1 BTC = $0.78 USD, Size: 5.73M BTC, Last 24h: 0.20M BTC in 2.2K trx, Difficulty: 76.2K, Forum posts/day: 616, Nodes: 1.5K, #bitcoin - http://bit.ly/giys0m - Bitcoin Open Source - One Stop Shopping.
Over twenty Free/Open Source Software projects are in this new repository. - http://gitorious.org/bitcoin - http://luke.dashjr.org/programs/bitcoin (BitGit) - http://en.bitcoin.it/wiki/Category:Open_Source - The number of unconfirmed transactions queued had exceeded 2,000 transactions with some having been first queued for more than 24 hours.
- Temporary workaround: Some mining pools accepting free transactions. - Fix will come with Bitcoin v0.3.21 (which includes “limitfreerelay”). - http://bitcoincharts.com/bitcoin - New sites and other content:
Bitcoin Wiki: - New article: Why pooled mining - An analysis of the costs/benefits of pooled mining. - http://en.bitcoin.it/wiki/Why_pooled_mining - New article: Infrastructure - Describes the varying components of Bitcoin and the protocols it uses. - Composed by luke-jr. - http://en.bitcoin.it/wiki/Infrastructure - New article: LAMP developer intro - For assistance with integrating a shopping system to accept Bitcoin. - http://en.bitcoin.it/wiki/LAMP_developer_intro - Discussion: On Whirlpool Forums (Australian internet and technology forum)
Good example of the varying opinions espoused as to why Bitcoin cannot and will not succeed, yet here Bitcoin stands — after showing continued and significant growth in its traction (evidenced by number of transactions, transaction volumes, network hashing strength, depth of merchant, exchanges, mindshare, etc, etc.) - http://forums.whirlpool.net.au/forum-replies.cfm?t=1663664 - Article: BitCoins - the cryptocurrency of a free world? - Daily Paul
More insightful commentary: ”How is this any different than the fiat toilet paper the world now uses?” - http://www.dailypaul.com/160149 - Bitcoin Bounty / Pooled Donations site.
Used for proposing features for Bitcoin, donating to the feature’s bounty pool. http://bitcoin.cz.cc http://en.bitcoin.it/wiki/BT_Feature Monday Mar 21th, 2011- Plato’s Journey: Bitcoins or bust!
Armed with a laptop and tethered 3G service, Plato will be chronicling his adventure as he heads east to west using only bitcoins as payment for expenses. Stops along the way will be made to speak at universities, libraries, and other venues to discuss the Bitcoin project. http://bitcointalk.org/index.php?topic=4752.0 - Article: Bowling for Bitcoins: Meet the Trader 03 - The Bitcoin Bulletin
Episode 03: Michael Hendrix of CoinPal and Coincard. “[First started with Bitcoin by] writing a market maker bot for Mt. Gox. That asymmetry (more buying than selling) made it nearly impossible to be a market maker”. “At the moment, CoinCard volumes exceed CoinPal volumes.” - http://www.bitcoinbulletin.com/2011/03/21/bowling-for-bitcoins-meet-the-trader-03 - Upcoming events:
Agora I/O “Etienne”, Online conference, March 25-27, 2011 - http://agora.io/etienne/schedule - http://bitcointalk.org/index.php?topic=4526.msg68193#msg68193 Bricks + Mobile 2011, Chicago, IL, USA, March 30, 2011 - http://www.remodista.com/bricks-mobile-2011 - http://bitcointalk.org/index.php?topic=4526.msg67009#msg67009 Payments 2011 [ACH], Austin, TX, USA, April 3-6, 2011 - http://payments.nacha.org/c/DiscoverPAYMENTS2011.cfm - http://bitcointalk.org/index.php?topic=4526.msg66307#msg66307 - s3052’s Technical Analysis:
“BTC/USD is down -36% from the high. The bears are in still in control.” Short term: - 3 alternate scenarios for the coming days and weeks: - Highest likelihood - BTC/USD has finished or will finish the consolidation at around the 0.7 $ level very soon. http://www.forexfactory.com/showthread.php?p=4487523#post4487523 - Miner update - poclbm-gui-20110321
Update from kiv: self-extracting archive, improved shares status display, token-based pools balance checks, other bug fixes. http://bitcointalk.org/index.php?topic=3878.msg55160#msg55160 http://www.bitcoinminer.com/post/4002359117 - tcatm’s Unconfirmed Transactions page receives a fix.
Transactions that have been confirmed will no longer erroneously show. There are hundreds and hundreds of these unconfirmed transactions. http://bitcointalk.org/index.php?topic=4143.msg68759#msg68759 http://bitcoincharts.com/bitcoin - jgarzik’s CPUMiner v0.8 released.
Includes long polling (beta), syslog support, and new command line options. http://bitcointalk.org/index.php?topic=1925.msg24217#msg24217 http://www.bitcoinminer.com/post/4001054157 Got a news tip, suggestion or comment? http://www.bitcoinnews.com/submitCurrent week (updated throughout each day): http://www.bitcoinnews.comPrevious weekly summaries: http://www.bitcoinnews.com/archive Follow on Twitter: @BitcoinNewsEach 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 (OP)
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March 23, 2011, 09:41:12 AM |
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Re: The Week In Bitcoin - Mar 21 through Mar 27, 2011. Tuesday, Mar 22nd, 2011- Event: Using Technology To Advance Liberty presentation.
Will be presented online, Sunday, March 27th, 2011 at 2:00PM EST. - Presentation sneak peek: http://bit.ly/ijdKGn (pdf) - http://bitcointalk.org/index.php?topic=4792.msg70038#msg70038 - s3052’s Technical Analysis Mini Update:
Longterm: RALLY Short-term: RALLY has been re-ignited. Next resistances: $0.88-$0.90. - http://bitcointalk.org/index.php?topic=1493.msg70024#msg70024 - Video: What is Bitcoin, from @JustMoon
Excellent animated video introduction to Bitcoin. - http://www.youtube.com/watch?v=Um63OQz3bjo - http://www.bitcoinmoney.com/post/4032796289 The animated video was created in response to a very sizable bounty offer. If the video’s producer is awarded most or all of the entire bounty, that payment will represent the largest known payment in exchange for services to-date. - http://bitcointalk.org/index.php?topic=697.0 - Bitcoin Economy Snapshot:
1 BTC = $0.78 USD, Size: 5.73M BTC, Last 24h: 0.20M BTC in 2.2K trx, Difficulty: 76.2K, Forum posts/day: 616, Nodes: 1.5K, #bitcoin - http://bit.ly/giys0m - Bitcoin Open Source - One Stop Shopping.
Over twenty Free/Open Source Software projects are in this new repository. - http://gitorious.org/bitcoin - http://luke.dashjr.org/programs/bitcoin (BitGit) - http://en.bitcoin.it/wiki/Category:Open_Source - The number of unconfirmed transactions queued had exceeded 2,000 transactions with some having been first queued for more than 24 hours.
- Temporary workaround: Some mining pools accepting free transactions. - Fix will come with Bitcoin v0.3.21 (which includes “limitfreerelay”). - http://bitcoincharts.com/bitcoin - New sites and other content:
Bitcoin Wiki: - New article: Why pooled mining - An analysis of the costs/benefits of pooled mining. - http://en.bitcoin.it/wiki/Why_pooled_mining - New article: Infrastructure - Describes the varying components of Bitcoin and the protocols it uses. - Composed by luke-jr. - http://en.bitcoin.it/wiki/Infrastructure - New article: LAMP developer intro - For assistance with integrating a shopping system to accept Bitcoin. - http://en.bitcoin.it/wiki/LAMP_developer_intro - Discussion: On Whirlpool Forums (Australian internet and technology forum)
Good example of the varying opinions espoused as to why Bitcoin cannot and will not succeed, yet here Bitcoin stands — after showing continued and significant growth in its traction (evidenced by number of transactions, transaction volumes, network hashing strength, depth of merchant, exchanges, mindshare, etc, etc.) - http://forums.whirlpool.net.au/forum-replies.cfm?t=1663664 - Article: BitCoins - the cryptocurrency of a free world? - Daily Paul
More insightful commentary: ”How is this any different than the fiat toilet paper the world now uses?” - http://www.dailypaul.com/160149 - Bitcoin Bounty / Pooled Donations site.
Used for proposing features for Bitcoin, donating to the feature’s bounty pool. http://bitcoin.cz.cc http://en.bitcoin.it/wiki/BT_Feature Got a news tip, suggestion or comment? http://www.bitcoinnews.com/submitCurrent week (updated throughout each day): http://www.bitcoinnews.comPrevious weekly summaries: http://www.bitcoinnews.com/archive Follow on Twitter: @BitcoinNews
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Stephen Gornick (OP)
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March 25, 2011, 10:42:56 AM |
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Re: The Week In Bitcoin - Mar 21 through Mar 27, 2011. Thursday, Mar 24th, 2011- New sites and other content:
Bitcoin wiki article: Myths The recent influx of new visitors from the slashdotting renewed the need for an update to the Myths article in the Wiki. Here’s an example: Myth: Early adopters are unfairly rewarded. The vast majority of the 21 million Bitcoins still have not been distributed. By starting to mine or acquire Bitcoins today, you too can become an early adopter. - http://en.bitcoin.it/wiki/Myths - s3052’s Technical Analysis
Long Term: “The decline from the 1.1 $ high looks only corrective (a-b-c). This is a good argument for the longterm bulls.” Short Term: “Next resistances are $0.90 (very weak), $0.95 (strong), $1.00 (medium), $1.10 (strong).” - http://www.forexfactory.com/showthread.php?p=4497563#post4497563 - “Quick alert” (mid-day)
“Today, the 2 months downtrend line has been broken to the upside.” - http://bitcointalk.org/index.php?topic=1493.msg71455#msg71455 - BTCMine - offers incentive to miners, 5 BTC bonus to miner responsible for solving every 5th block:
- http://twitter.com/#!/btcmine/status/50920930322546688 Wednesday, Mar 23rd, 2011- s3052 describes “curve filling” and why the jump up in the USD/BTC market exchange rate was no big deal.
http://bitcointalk.org/index.php?topic=4795.msg70824#msg70824 - Press: Mentions in HackerNews, Reddit, Slashdot, DailyPaul, and more.
Bitcoin.org website “slashdotted”, meaning it was not able to keep up with the amount of traffic. Traffic to the homepage was directed to the Bitcoin wiki. Got a news tip, suggestion or comment? http://www.bitcoinnews.com/submitCurrent week (updated throughout each day): http://www.bitcoinnews.comPrevious weekly summaries: http://www.bitcoinnews.com/archive Follow on Twitter: @BitcoinNews
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Stephen Gornick (OP)
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March 26, 2011, 07:11:32 AM |
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Re: The Week In Bitcoin - Mar 21 through Mar 27, 2011. Friday, Mar 25th, 2011- Bitcoin daemon “hang” problem isolated.
An issue that likely was the culprit in causing service issues for a number of bitcoin-related website appears to have been identified. A fix will be forthcoming. http://bitcointalk.org/index.php?topic=4904.0 - New Guide: How To Set Up Pooled Bitcoin Mining In Windows
Provides an overview of mining pools and instructions to get set up mining against Slush’s Bitcoin Pooled Mining service: http://www.newslobster.com/bitcoin/how-to-set-up-pooled-bitcoin-mining-in-windows - Miner software updates:
DiabloMiner 2011-03-25 updated. - Merged jwadamson’s patch that gets rid of the OSX dock icon. - http://www.bitcoinminer.com/post/4098046014 m0mchil’s Python OpenCL miner, poclbm updated - All changes were pool related. - http://www.bitcoinminer.com/post/4091959986 BitcoinPool’s poclbm-mod-03.24.2011 updated. - http://www.bitcoinminer.com/post/4097210791 - Bitcoin Economy Snapshot:
1 BTC = $0.88 USD, Size: 5.75M BTC, Last 24h: 0.29M BTC in 1.9K trx, Difficulty: 69.0K, Forum posts/day: 732, Nodes: 1.5K, #bitcoin http://bit.ly/gBCrrX - New features added to BiddingPond auction site.
- New layout. - Unique QR code displayed on each listing. - Auto-generated payment address (payment handling optional through BiddingPond). - Social network integration (Twitter, Facebook, etc. ) http://www.biddingpond.com http://bitcointalk.org/index.php?topic=574.msg72007#msg72007 - A Bitcoin predecessor?
COIN: a distributed accounting system for peer to peer networks [2006-2007] http://bitcointalk.org/index.php?topic=4944.0 - Network Hashing Difficulty adjusted to 68,979, a decrease by about 10%. Difficulty only decreased once before (May 19, 2010).
http://bit.ly/fHZbQ3 - MtGox Exchange - Euro transfers are now free.
http://twitter.com/#!/MtGox/status/51213844948860928 Got a news tip, suggestion or comment? http://www.bitcoinnews.com/submitCurrent week (updated throughout each day): http://www.bitcoinnews.comPrevious weekly summaries: http://www.bitcoinnews.com/archive Follow on Twitter: @BitcoinNews
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genjix
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March 27, 2011, 08:45:56 AM |
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ripper234
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Ron Gross
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March 28, 2011, 09:10:23 AM |
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Any chance to syndicate these posts via a blog? I saw the twitter account, but I don't think this is the same content your publish here, right? I'm super interested to get a weekly report via RSS.
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Stephen Gornick (OP)
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March 28, 2011, 06:46:59 PM |
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Any chance to syndicate these posts via a blog?
http://www.BitcoinNews.com I saw the twitter account, but I don't think this is the same content your publish here, right?
The Twitter feed will have *some* stores that go into making the daily, as well as a summary post for each day. I'm super interested to get a weekly report via RSS.
RSS: http://www.bitcoinnews.com/rss Mobile (and visually "cleaner"): http://www.bitcoinnews.com/mobile
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Stephen Gornick (OP)
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Activity: 2506
Merit: 1010
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March 28, 2011, 06:48:48 PM |
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Re: The Week In Bitcoin - Mar 21 through Mar 27, 2011. Sunday, Mar 27th, 2011- Upcoming events:
- [ACH] Payments 2011 - Austin, TX, USA - April 3-6, 2011 - http://payments.nacha.org/c/DiscoverPAYMENTS2011.cfm - Bricks + Mobile 2011 - Spertus Institute, Chicago, IL, USA - March 30, 2011 - http://www.remodista.com/bricks-mobile-2011 - 10th international epca conference - Amsterdam, April 4-6, 2011 (w/ genjix’s Bitcoin workshop on April 4th)- http://www.epcaconference.com/index.php/2011/2011/program - London Pub Crawl - April, 2001 [Date and location TBD] - http://bitcointalk.org/index.php?topic=5007.0 - Bulletin board for all Events, meetups, conferences and other events: - http://bitcointalk.org/index.php?topic=4526.0 - s3052’s Technical Analysis
Price action review over the past days: “BTC/USD is up +27% in only 3 days”. [Update: BTC/USD has retraced 50% of this.] Long term: Prices may accelerate towards $1.50-$1.70 and $2 quickly. Short term: Support levels are now the broken trendline and then $0.80. - http://blog.bitcoinwatch.com/2011/03/bitcoin-is-back-in-the-rally - The Bitcoin OTC web of trust (WoT) has surpassed the milestone of having over 100 users who have registered a GPG key. The over-the-counter market is used to buy and sell bitcoins, currencies, options and even physical items. Orders are listed in a web view of the order book and trade occurs in the #bitcoin-otc IRC channel.
- http://bitcoin-otc.com/trust.php - http://bitcoin-otc.com/viewratings.php - http://bitcoin-otc.com/vieworderbook.php - First market for exchanging bitcoins to and from the British Pound Sterling BTC/GBP has opened. Britcoin features:
- Adding and withdrawing GBP funds via bank direct deposit without incurring any fees. - http://britcoin.co.uk - http://en.bitcoin.it/wiki/Britcoin - Bitcoin Economy Snapshot:
1 BTC = $0.83 USD, Size: 5.77M BTC, Last 24h: 0.15M BTC in 2.6K trx, Difficulty: 69.0K, Forum posts/day: 683, Nodes: 1.6K http://twitter.com/bitcoineconomy - Bitcoin Watch now owned by Bitcoin Charts.
- http://bitcointalk.org/index.php?topic=5016.0 - http://www.BitcoinWatch.com On a related note, tcatm of Bitcoin Charts reported in #bitcoin-otc that there are over 400 simultaneous visitors to the BitcoinCharts.com site, many of which are on auto-refresh (every 5 seconds). Saturday, Mar 26th, 2011Got a news tip, suggestion or comment? http://www.bitcoinnews.com/submitCurrent week (updated throughout each day): http://www.bitcoinnews.com ( RSS) Previous weekly summaries: http://www.bitcoinnews.com/archive Follow on Twitter: @BitcoinNews
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Ricochet
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March 29, 2011, 03:07:17 AM |
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Thanks again for these posts! I've been out of the loop for just over a week and this was a great way to get caught up on recent happenings.
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