Tumblelog by Soup.io
Newer posts are loading.
You are at the newest post.
Click here to check if anything new just came in.
Reposted fromFlau Flau
Reposted fromFlau Flau


Price of Bitcoin got you down? Don’t worry! Bitcoin isn’t dead (again). What’s more, here are five reasons the world’s first cryptocurrency is fundamentally stronger than ever.


Metrics gauging Bitcoin users and usage all point to a continuous uptrend, albeit with peaks and alleys along the way, just like with any new technology.

First, transaction volume per day is probably the most straighforward metric, which follows a rising trend-line seen in the chart below. Admittedly, the recent drop in volume is significant. However, part of this could be due to the increasing practice of transaction batching, which lowers overall volume. 

Bitcoin usage

Second, one of the best indicators for organic Bitcoin demand is LocalBitcoins, a global peer-to-peer platform for buying the cryptocurrency. Interestingly, the chart below is very similar to the price chart, with volume recently peaking in December, correlating to Bitcoin’s all-time price high of nearly $20,000 USD at the time. Nevertheless, the general upward trend remains intact.


Third, while the number of wallets and addresses in existence doesn’t directly equate to the number of users worldwide (since most wallets now always generate new addresses and users have multiple accounts), it does paint a general picture of increasing popularity, nevertheless.

Blockchain, one of the most popular Bitcoin wallets, has experienced a rapid increase in new accounts, now nearing 24 million, for example. Additionally, one of the most popular Bitcoin exchanges in the world, Coinbase, has recently passed the 20 million usermilestone as it expanded into 35 countries.

Blockchain wallets

At these rates, analysts expect the number of Bitcoin users to reach 200 million by 2024, RT reports.


Nodes can be thought of as the interacting messenger cells of the Bitcoin organism. Bitcoin full nodes validate transactions based on network protocol rules. By running a full node, the user can validate their own transactions in a more trustless manner.

The latest data shows a record number of reachable nodes spread out all over the globe. Interestingly, China has the second largest number of nodes with over 2,300, despite last year’s regulatory clampdown by the government.

Bitcoin nodes

The more full nodes there are, the more decentralized the network becomes. This makes it harder to disrupt or successfully attack the network, and, in turn, empowers users to become self-validating and financially-sovereign entities.

Bitcoin core nodes


As Bitcoin experienced a surge in new interest and users, the network became congested, leading to a spike in transaction costs at the end of last year. The adoption of SegWit, a block-weight optimization solution, has not only eased some of the costs for now, but also opened the door for developers to work on layer-two scaling projects.


Lightning network mainnet

Specifically, the Lightning Network, as well as other optimizations in the pipeline, such as Confidential TransactionsBulletproofs, and Schnorr Signatures, are expected to make Bitcoin transactions cheaper, faster, and more private in the not-too-distant future.


The Bitcoin network hash rate has been constantly climbing to the current record highs. Hash rate is the estimated number of tera hashes per second (trillions of hashes per second) the Bitcoin network is performing. In other words, it measures the amount of computing power Bitcoin is using.


Bitcoin hash rate

The current rate is at around 25 million TH/s – a massive amount of computing power. In fact, the computing power required to successfully attack the Bitcoin network doesn’t even exist, making it the most secure and immutable peer-to-peer cryptocurrency network in the world.

“Bitcoin has achieved a level of computing that no single nation state can overthrow it through computation alone,” explains Andreas Antonopoulos.


Bitcoin has been around since 2009. Even mainstream media outlets like Bloomberg have called it a “bit of a miracle at any price.”

Who would have imagined that a whitepaper, written by a pseudonymous author, and then brought to life by some of the most brilliant minds the world has ever known, would not only have such an impact on the world, but would also turn the entire concept of money on its head?

Measuring the success of this groundbreaking technology solely by price is missing the point. It is much more. Bitcoin’s creator(s) certainly knew this, which is why we will probably never know Satoshi Nakamoto’s true identity. The message in the genesis blockdoes give us some clue to the true intention, however.

At the same time, it has been running, uninterrupted, for nearly a decade now. It has died a hundred deaths, and yet, it’s still here. Everyday, it’s empowering individuals to be their own bank, eliminating dependence on banks, politicians, and centrally-planned monetary policies.

Previously, the world has never known such a borderless, apolitical, and neutral form of money. It is an idea who’s time has come.

Reposted fromFreeminder23 Freeminder23
0566 3dd3 500



that’s honestly excellent advice 

What they dont want you to learn on high school but will learn in the street

Reposted fromCandleWikkHeights CandleWikkHeights viahothou hothou
Reposted fromFlau Flau
Reposted fromFlau Flau
5120 4b86 500
Reposted fromtojika4 tojika4 viafadenb fadenb
Reposted fromFlau Flau
Reposted fromFlau Flau
4147 1a6a 500
Reposted fromtfu tfu viadawit dawit
8485 f469






Critics complained that Indian musician Daler Mehndi’s music was only popular because his videos featured beautiful women. Mehndi’s response was to create a video featuring only copies of himself greenscreened in, leading to the creation of the “Tunak Tunak Tun” video.

Creates his most popular video just because people say he cant.

What a lad

posted the video because some people in Tumblr are too young to remember this masterpiece.

Video: Classic
Backstory: *Genius*

are we not going to discuss the fact that he dabs several times in this video that was made in 1998

Reposted fromorieades orieades viazurawianiaczka zurawianiaczka
2071 02d8 500




The cover of the next Stern, a German news magazine.

The title Sein Kampf (transl. his struggle) is a play on the title of Hitler’s autobiography Mein Kampf (transl. my struggle).

The full translation of the cover would be


Neonazis, Ku-Klux-Klan, Racism:

How Donald Trump is stirring up hatred in America

When Germans call you a Nazi….

Reposted fromorieades orieades viastarbug starbug
Reposted fromFlau Flau
Reposted fromFlau Flau
Reposted fromFlau Flau
3634 5149 500
Reposted fromgreensky greensky viaFlau Flau
Reposted fromFlau Flau
Reposted fromNaitlisz Naitlisz viabosey bosey
Reposted fromFlau Flau
Older posts are this way If this message doesn't go away, click anywhere on the page to continue loading posts.
Could not load more posts
Maybe Soup is currently being updated? I'll try again automatically in a few seconds...
Just a second, loading more posts...
You've reached the end.

Don't be the product, buy the product!