Friday 1 September 2017

r/bitcoin recap - August 2017


Hi Bitcoiners!I’m back with the eight monthly Bitcoin news recap. What an eventful month!For those unfamiliar, each day I pick out the most popular/relevant/interesting stories in r/bitcoin and save them. At the end of the month I release them in one batch, to give you a quick (but not necessarily the best) overview of what happened in bitcoin over the past month.You can see recaps of the previous months on Bitcoinsnippets.comA recap of Bitcoin in August 201701: ViaBTC creates an altcoin called Bcash and creates the next normal bitcoin block that gets rejected by that network & Bcash proves that major exchanges do have their Bitcoin reserves02: We’re halfway through the SegWit activation period, so far so good03: A great reminder that being an early adopter doesn’t guarantee you’ll profit substantially04: A description of how different Bitcoin subreddits see each other05: Bitcoin rises over $3k on all exchanges & A quick reminder why Bitcoin was invented in the first place06: Bitcoin’s performance vs. stocks and precious metals in 201707: Bitcoin hits a new all-time-high of $3400 with a $56B market cap & Draft release notes for Bitcoin Core 0.1508: SegWit activation locks in, many hats were eaten this day09: Fidelity, a $2.3T investment business, is integrating cryptocurrency viewing from its clients’ portfolios & BTC-e announces its plan to gradually refund clients10: Coinbase raises $100M at a $1.6B valuation11: Bitcoin hits a new all-time-high of $3700 & The Lightning Network is now in feature freeze for its first release & Bitfinex will no longer be available for people in the US12: Nothing but memes about the price13: Bitcoin hits a new all time-high of $4000 & Protonmail launches automated Bitcoin payments in beta14: People get excited about the Bitcoin market cap surpassing PayPal’s market cap, while we should look at transaction volume & Bitcoin on the front page of the Wall Street Journal again15: Blockstream announces its satellite service which broadcasts the Bitcoin blockchain around the world regardless of Internet connectivity or censorship16: Forbes writes some backwards stuff about Bitcoin despite having a senior editor for cryptocurrencies & David Sacks from PayPal says Bitcoin fulfills their original vision for PayPal17: BitPay pushes its clients towards a chainsplit18: Correcting misinformation on SegWit2x and btc1 & The bank of Canada posted a research paper in 2016 on a Bitcoin currency standard & Photos of one of the largest bitcoin mines in the world19: Kraken’s CEO is not amused that SegWit2x proponents are not including replay protection, putting the entire ecosystem at risk20: A reminder of the scheduled attempt at a corporate takeover of Bitcoin in November21: The first satellite-received cryptocurrency transaction22: Bitwala backs out of the SegWit2x group & Electrum wallet is adding Lightning support23: People are happy SegWit will activate within 24 hours & The Huobi and OKCoin exchanges illegally invested $150M of client deposits into wealth management products24: SegWit activates and people compete to be the first for SegWit transactions25: Bitfury mines the first legitimate 1MB+ block & Antpool compensates with empty blocks & Vietnam is preparing to legally recognise Bitcoin by 201826: A reminder that the next large attack on Bitcoin will happen in November through the SegWit2x group27: A discussion on sane Bitcoin advice28: Uber has a new Bitcoin-friendly CEO & SegWit accounts get enabled in Trezor beta wallet & Tadge Dryja on Discreet Log Contracts29: Bitcoin hits a new all-time-high of $4600 with a $75B market cap & SegWit is supported by Ledger’s hardware wallets30: A discussion on the performance of Bitcoin Core 0.15.0 & A broad picture of the Bitcoin price since its first valuation31: F2Pool resigns from the SegWit2x agreement & The BTC-e exchange is back online after going offline for over a month & Bitmain starts to patent a lot of mining related things via /r/Bitcoin http://bit.ly/2eNl8YB

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