Total Supply of Tethers Increases By 20% in One Week (news.bitcoin.com)

The controversy surrounding the correlation between the release of new Tethers (USDT) and dramatic price spikes led by Bitfinex trading continues. 20 million new USDT were released shortly before a single market buy of approximately $ 13.5 million USD worth of bitcoin was executed on the 8th of November. The sudden spike in buying pressure quickly drove the price of bitcoin from $ 7075 to $ 7350 in less than 60 minutes. Since then, an additional 20 million USDT have been released into

Bitcoin

Fun Fact: The number of SegWit transactions is already higher than the total amount of BCH transactions

Let's take a short break from trolling and FUDing and look at the facts for a change.

Avg. # of BTC Segwit tx (10-block-average): 47 (increasing)

block 484379 total: 2255 Segwit: 25 block 484380 total: 2019 Segwit: 41 block 484381 total: 1945 Segwit: 46 block 484382 total: 2236 Segwit: 51 block 484383 total: 2083 Segwit: 33 block 484384 total: 2637 Segwit: 63 block 484385 total: 1700 Segwit: 43 block 484386 total: 2420 Segwit: 46 block 484387 total: 1790 Segwit: 62 block 484388 total: 2570 Segwit: 59 

Avg. # BCH tx (per block, 24-hour-average): 38 (stagnant)

(good thing that BCH has that 8MB blocksize!)

Fact: 47 > 38

submitted by /u/38degrees
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Bitcoin

BIP148 looks to be a total victory – Thanks to all those involved!

When you make a demand, and not only is every part of your demand met, but even more is given, that is the ultimate success. BIP148 advocates demanded that miners signal segwit unanimously by Aug 1. With the activation of BIP91, that goal appears to be imminent. As of writing this, all pools appear to be signalling.

First, I would like to thank /u/shaolinfry for his inspiration in the formalization of UASF and BIP148. Without him, we wouldn't be here.

I would like to thank Charlie Lee for getting the ball moving on Litecoin. Seeing the power of a UASF in action gave a lot of courage to the rest of us.

I'd like to thank Samson Mow for his hat campaign (and a hat)! These hats grew larger than life and became a symbol of a movement.

I wanted to give a special thanks to /u/luke-jr for being such a strong advocate and making such a convincing case for BIP148. I was ready to give up until I was inspired by Luke and became more inspired than ever in this fight.

I'd like to thank /u/lightsword for getting BIP91 into btc1. Without his efforts, btc1 would never have been able to activate SegWit.

Lastly, I'd like to support all the users who have been supportive and advocates for BIP148. You did this. Without help from Core (in fact, even many members of Core battling us), without the help of mining pools, you forced the miners hands, forced the NYA to comply with BIP148. Without such strong activism, BIP148 would have been ignored.

The story of SegWit will no doubt be twisted by those seeking glory. We all know the truth. We all know that the entire reason for BIP91 in btc1 was due to BIP148's threat. They will give a few miners a way to save face while the other miners will simply run a patched Bitcoin Core. We got everything we wanted.

I've seen a few /r/btc sockpuppets also trying to claim victory, claiming they fired Core. If anything, the success of BIP148 shows that Core is not in charge and the community is. No one can fire volunteers. Their dishonest claim of victory is apparent – they have gotten NOTHING out of this. They opposed SegWit, yet SegWit is inevitable. They wanted a hard fork, and the hard fork can be safely ignored. They wanted larger blocks, and they are getting the SegWit compromise of using block weight. The only thing they got was a new client (of which there already were dozens) that will likely be abandoned soon. There are no competent developers (other than Hilliard, who was simply getting BIP91 in) working on the project. They have little understanding of how Bitcoin works and even required being bailed out by Core a few times to even get something functional. The only thing they got was a miner commitment to hard fork (miners have done this before, yet I see no hard fork),and a few businesses saying they will hard fork. Even if there was a hard fork, its far from what they actually want – they claim 2MB blocks are too small anyway..

But we must stay vigilant. They will try to spin this as a mandate for a hard fork. We must be prepared to ignore it. The good news is, no one can force you to support a hard fork. So celebrate, but make sure to share the truth. They will claim victory, and claim they are in charge now, but in reality, we all know who is – you are. Don't give that up.

submitted by /u/ricco_di_alpaca
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Bitcoin