Recording the Blockchain, on the Blockchain (Issue # 02)
Documenting the Blockchain with the Blockchain - Issue # 02
Bitcoin is flying high again, climbing back up above $7,000, around $7,200, which is a recovery of nearly $7 Billion in Market Cap since just last night.
One might believe that some expect the recently defunct Bitcoin Segwit2x to magically produce two extremely valuable coins!?
Coinmarketcap.com's Top 11 Valued Coins:
Date/Time: Wednesday, November 15, 2017 at 9:17 AM EST
IOTA jumped up 2 spots from 10 to 8 (with Monero and NEM each falling 1 spot in turn). This was sparked by a ~$0.05 increase in price per coin.
NEM's market cap increased slightly and Monero's market cap decreased slightly, but not enough for either to switch places in the top 10 market cap race.
Ethereum Classic also fell slightly in market cap overnight, but I wouldn't be too concerned about the fluctuation.
Date/Time: Wednesday, November 15, 2017 at 9:34 AM EST
At 47.4% support in the last 1,000 blocks and 17.4% support in the last 24 hours, Bitcoin Segwit2x support continues to drastically fall. There is some murmuring about a new coin being created anyway .. but time will tell .. Based on the price of BTC lately, it seems like people are pricing-in a second coin, but the functionality and support for that second coin is unknown at the moment.
Maybe the BTC price jump is simply because of the flood of transactions that were pending processing over the last few days?
STEEM
oh, my precious ...
Slight decline in value and market cap overnight. I'm not worried though. I'm here for the long-haul!
The Supply of Steem and SBD both declined, so that may have a little to do with the market cap hit? I understand that the SBD Supply can decline, but can someone help me understand how Steem declines as well? Is it simply from converting Steem / Steem Power to SBD, then "burning" the SBD?
Also, does anyone know if the Supply of Steem is a combination of Steem + Steem Power, or just Steem Power / just Steem? (I'm assuming it's a combination)
It's been a really interesting 13 hours!! I wonder what the next 10 hours will bring!?
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