Bitcoin Marketcap

$1.16T

Gold Marketcap

$14.08T

BTC Settlement Volume (24hr)

$12.90B

BTC Inflation Rate (next 1yr)

1.17%

logo CASEBITCOIN making the case for bitcoin every day

KEY MARKETS

24hr change

Bitcoin

$61,595  πŸ“‰

-$858.54

-1.37%


S&P 500

5,179  πŸ“‰

-1.55

-0.03%


Gold

$2,315  πŸ“‰

-$4.69

-0.2%


Silver

$27.52  πŸ“ˆ

+$0.11

+0.40%


Euro

$1.0748  πŸ“ˆ

+$0.00

+0.07%


Yen

Β₯155.59  πŸ“ˆ

+Β₯0.39

+0.25%


Renminbi (CNY)

Β₯7.2241   

-Β₯0

-0.01%


Oil (WTI)

$79.43  πŸ“ˆ

+$1.43

+1.83%


BITCOIN STATS

Bitcoin Marketcap

$1.16T


BTC Inflation Rate (next 1yr)

1.17%


% Supply Issued

90.03%


BTC Settlement Volume (24hr)

$12.90B


Real Exchange Volume (24hr)

$19.72B


Active Addresses

1.02M


Mining Reward Value (24hr)

$56.3M


GBTC Premium

223.09%


MSTR Premium

71.23%


BTC Down From ATH

16.64%


BTC Up From Cycle Low

8.75%


RATES & YIELDS

24hr change

UST 3mo

5.45%  πŸ“ˆ

+0

0%


UST 2yr

4.82%  πŸ“ˆ

+0.01

+0.21%


UST 10yr

4.49%  πŸ“‰

-0.01

-0.22%


UST 30yr

4.64%  πŸ“‰

-0.02

-0.43%


Fed Funds (EFFR)

5.33%  πŸ“ˆ

+0

0%


US 10yr Breakeven Inflation

2.31%  πŸ“‰

-0.01

-0.43%


Real Rate (10yr)

2.17%  πŸ“ˆ

+0.02

+0.93%


RATIOS

24hr change

Gold:BTC (marketcap)

12.10x   

+0.15

+1.28%


M2:BTC (marketcap)

17.90x   

+0.25

+1.39%


BTC:Oil (price)

774.71x   

-25.65

-3.2%


Gold:Oil (price)

29.14x   

-0.6

-2.01%


US GOVERNMENT STATS

30-day change

Federal Reserve Balance Sheet

$7.36T  πŸ“‰

 

-1.04%


M1 Money Supply

$18.00T  πŸ“ˆ

+$53.40B

+0.30%


M2 Money Supply

$20.84T  πŸ“ˆ

+$57.60B

+0.28%


BTC ROI

Bitcoin & Traditional Assets ROI (vs USD)

BTC vs Traditional Assets ROI:

 

Bitcoin

Gold

S&P 500

1 year:

+125%

+14%

+26%

2 year:

+101%

+25%

+30%

3 year:

+8%

+26%

+25%

4 year:

+573%

+36%

+77%

5 year:

+768%

+80%

+80%

6 year:

+629%

+75%

+89%

7 year:

+3,394%

+89%

+117%

8 year:

+13,517%

+82%

+151%

9 year:

+25,425%

+95%

+147%

10 year:

+13,865%

+79%

+174%

11 year:

+53,167%

+61%

+217%

12 year:

+1.2 million%

+46%

+282%

13 year:

+816,514%

+54%

+286%

14 year:

+1.4 billion%

+88%

+352%

https://casebitcoin.com

Data Source: Messari.io, bitcoincharts.com

What is it: This shows bitcoin's ROI vs other potential inflation hedge assets.

Why it matters: As with the historical bitcoin price table, we see bitcoin's extreme outperformance vs other assets here as well. Bitcoin's relatively small size, plus fundamental properties, yield extreme outperformance when even relatively small funds-flows find their way to BTC.

BTC DAYS ABOVE PRICE

Bitcoin Price Closing History by Level

Days Bitcoin Closed Above:

Price

Days Above

% of Bitcoin's Life

$70,000

10

0.18%

$61,595

87

1.55%

$60,000

109

1.95%

$50,000

230

4.10%

$40,000

481

8.58%

$30,000

726

12.96%

Data Sources: Messari.io, bitcoincharts.com

What is it: This the number of days in which bitcoin "closed" (trading level at midnight UTC) above various price levels.

Why it matters: This can give a sense of where bitcoin is currently trading relative to past cycles.

SHARPE 5yr

DOUBLING TIME

THE BITCOIN LIBRARY

15 Aug 2004 | Hal Finney | Price when published: (n/a)

RPOW - Reusable Proofs of Work

Filed under: topic icon history  medium icon articles

Hal Finney's RPOW system is an interesting pre-cursor to bitcoin. It solved the double-spending problem by using servers with hardware that cryptographically verifies the code that's running (allowing anyone to verify that the server is doing what it says it's doing). This prevents tampering with coins, thus, in theory, allowing users to "trust" the server.

This was a noteworthy advance in the ~25yr search for viable decentralized money, but still did not solve the issue of fairly creating and distributing the initial supply of coins. That would have to wait until Satoshi Nakamoto (note that Mr. Finney is an often-cited "satoshi candidate") put all the pieces together in the bitcoin whitepaper 4 years later.

EXCERPT

Normally POW tokens can't be reused because that would allow them to be double-spent. But RPOW allows for a limited form of reuse: sequential reuse. This lets a POW token be used once, then exchanged for a new one, which can again be used once, then once more exchanged, etc. This approach makes POW tokens more practical for many purposes and allows the effective cost of a POW token to be raised while still allowing systems to use them effectively.

This is useful functionality, but the unique feature of the RPOW system is its approach to security. RPOW is the first public implementation of a server designed to allow users throughout the world to verify its correctness and integrity in real time.


Read in Full

What do you think of this piece?


MORE FROM HISTORY

MORE FROM WHEN BITCOIN < $100