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ASX Delays Launch of DLT System Over Coronavirus Trading Volatility

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Wholecoiner Wallets Take Huge Chunk Leaving 5% of BTC Market Cap to Rest

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Every year, the number of “wholecoiner” Bitcoin wallets holding at least 1 BTC has been increasing gradually. Now, the remaining addresses with less than 1 BTC account for just 5% of Bitcoin’s market cap.

Bitcoin wallets holding 1 BTC or more — dubbed “wholecoiner” wallets — take 95% of the popular cryptocurrency’s entire capitalization, according to new data that recently emerged. Meaning just 5% of the market cap remains, which users with a balance of less than 1BTC, assumed to be tens of millions, have to share amongst each other.

BTC Wholecoiner Addresses Rise Year-on-Year

Despite Bitcoin continuously displaying impressive price rallies, wholecoiner addresses numbers have risen steadily year-over-year since 2009. Addresses currently holding at least 1 BTC are anticipated to be over 800,000.

The total BTC value of less-than-wholecoin addresses is around $16 billion while those of wholecoiner addresses is almost $301 billion, according to Bit Info Chart. in early 2016, prior to the second BTC halving, the largest dip of wholecoiners occurred when there was a 13.5% fall in the number of addresses holders of at least 1 BTC, from 520,000 to 450,000 as revealed on the linear chart.

Wholecoiner growth also stagnated in the period for 12 months beginning from December 2017 throughout the whole year of 2018, when addresses numbers oscillated between roughly 720,000 and 690,000. Reportedly, balance-bearing Bitcoin wallets of wholecoiners is around 0.47% since Bitcoin addresses currently holding less value of BTC are over 32.95 million.

Addresses Holders with at Least 1 BTC Surge in 2020

In September, the Bitcoin wholecoiner club hit a new all-time high when the number of addresses rose to 823,000. Top-tier exchanges showed data points of retail traders accumulating, making the number of wallet addresses holding a whole Bitcoin to rise rapidly. Big capital inflows in the crypto market seen in August attracted not only institutional investors but also retail ones, causing the accumulation of the digital asset to occur at a rapid pace over the past weeks.

In April, the Bitcoin Twitter community turned a certain Colombian Sats Stacker to Wholecoiner in just Under 24 Hours. After revealing that he had bought an extra 0.3 BTC to increase his Bitcoin stack amount, the Columbian got donations ranging from a few thousand sats to 0.01BTC and even to an undisclosed value. The events made the Colombian the owner of a whole Bitcoin in just a matter of hours.

Investors Project Good Prospects Due to the Increase

The rise in the number of wholecoiners is crucial as it shows that a lot of people are pegged on increasing their crypto reserves. Meaning, if the number of addresses with at least one Bitcoin increase, trust in BTC’s medium and long-term prospects will significantly escalate as investors expect the cryptocurrency to bring good business.

Related to the wholecoiners, the whales have been causing a significant impact on the crypto environment. They are the risk-loving high-net-worth individuals who determine the direction of the cryptocurrency market. Through their bulk buying and selling activities, they are able to influence the price of BTC. For instance, yesterday, Coinspeaker reported whale activity having caused a sudden 11% drop in BTC price. At press time, BTC was just oscillating under the $17K mark.

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Bitcoin’s Carnivore Cult Is Both Stupid and Correct

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This entire article is Saifedean’s fault. 

Saifedean Ammous, author of “The Bitcoin Standard,” kept heaping steak tartare onto my plate at a Bitcoin meetup back in August 2018, in between jokes about liberal plebs.  

As the youngest woman in the room, per usual, I wanted acceptance from the Bitcoin clan. Despite nearly a decade of (fickle) vegetarianism, I accepted the author’s meat offerings in exchange for an off-the-record interview. I torpedoed questions his way between bites. Ammous told me last week, via direct message, that he couldn’t remember if that was his first public steak dinner. But there would be many that followed.

Long before he became a bitcoiner, Ammous was a carnivore.

“I was, independently, into low-carb keto,” he said, referring to ketogenic diets. “These two things started to merge together more and more as people who were interested in Austrian economics became interested in meat and good food.”

Over the past decade, bitcoin-themed steak dinners have become a global ritual, hosted by communities from San Francisco to Tokyo. It was the Kraken exchange’s Bitcoin evangelist Pierre Rochard who organized most of Ammous’ steak-and-bitcoin dinners in New York, inviting friends from the Socratic Seminar meetup. This was all pre-COVID, of course. (These days, there are a few outdoor gatherings at beaches and parks.)  

“I was traveling to the U.S. and Pierre told me to stop by in New York and he’d organize a dinner for me. Then 70 people showed up,” Ammous said. “After that, everyone on Twitter was constantly asking, and demanding, their own steak dinner in their own hometown.”

Becoming a Bitcoin-carnivore evangelist

Since then, Ammous organized Bitcoin-themed dinners in more than a dozen cities, including Hong Kong, Amman, Beirut, London, Madrid and Milan. Meanwhile, hundreds of Bitcoin fans routinely post meaty food porn via Twitter and Telegram groups like “Citadel Chefs.”  Like Ammous, they often profess they naturally found this a hobbyist combination, rather than following a demographic trend. As Crypto Twitter icon @cryptomedici wrote: I don’t follow the chad lifestyle, the chad lifestyle follows me.”

Ammous is among the most famous carnivore evangelists tweeting hot pics of fatty steaks, his version of thirst traps. In fact, the prolific economist penned a manifesto for grilling steak to “beat fiat food,” equating empty carb calories with inflationary government-issued money. 

The (tongue-in-cheek) narrative says bitcoiners like Ammous will simply avoid the impending collapse of Western civilization by re-inventing feudalism, as lords of private “citadel” meat-lockers paid for with the world’s “hardest” money. Loving meat is a part of some bitcoiners’ shtick, along with hating journalists and socialism. Memes and jokes abound comparing “Soy Boy” or vegan token fans to hyper-masculine bitcoiners.

“It’s very masculine to grill. In the Wild West, the cowboys are always seen having this massive steak,” nutritionist Lorraine Kearney said in a phone interview. “Especially if they’re trying to lift weights and bulk up, it’s always about eating more protein.”

Back in 2018, I told Ammous I’d try carnivory, if only to gloat when my body didn’t magically transform into a lean, mean hodling machine. To my great dismay, two weeks of a 90% meat diet left me feeling stronger, more energetic and less emotionally volatile than I’d ever been. By the third week I stopped craving sweets and my doctor noticed a significant improvement in my health, compared to my last annual physical.

As it turns out, I’m hardly the first liberal woman to fall in love with both bitcoin and grilled flesh. To the contrary, author Amber O’Hearn was one of the most influential authors in the early days of crypto-carnivory. She’s been writing about her keto diet experiments for nearly a decade.

“I’m off all medications,” O’Hearn said, describing how this diet helped after her bipolar diagnosis. “I’ve never had symptoms of the mood disorder again.”

Read more: The Bitcoiners Who Live ‘Permanently Not There’

Like any crypto trend, believers can seem quite fanatic. Zcash co-founder Zooko Wilcox even tweeted that keto diets can help treat cancer. (Wilcox and O’Hearn were once married, but have since continued their meat evangelism separately.) 

On the other hand, Kearney said high amounts of fat can contribute to issues like heart disease. Bitcoin-carnivores often dismiss this warning as “fake news” by the media-fiat-food-industrial complex, hell-bent on brainwashing the masses. Of course, every citadel-dwelling hero needs a “mainstream elite” villain to foil his own righteousness. However, the reality of carnivore diets may be more nuanced.

Plant-eaters clap back

Kearney agreed with O’Hearn, broadly speaking, that high-protein diets can be very healthy and every person’s body is different.

The nutritionist said she’s known clients who feel amazing after years of only eating animal protein, while others prefer low-carb diets with diverse plants. She added that grass-fed meat has many more nutrients, so results may depend on the quality of the ingredients.

“The carnivore diet has been around for a number of years. But the research will take a decade, if not longer, to provide the benefits of such diets,” Kearney said. “When people remove inflammatory, highly processed foods and introduce a more natural diet, like with meat, they’ll see results like a decrease in weight gain and bloating, less fatigue and better gut health.”

There may also be some truth to the bitcoiner mantra that established norms were based on inaccurate science. Kearney said the past four decades saw a “massive shift” among nutritionists.

“Some of the products they used to recommend were processed foods … it was all about restricting calories,” Kearney said. “Now it’s more about focusing on balance and understanding the psychological aspects as well.”

Read more: They Biked, Ran and Swam Over 200 Miles Across Europe – All for Bitcoin

There are also plenty of vegan bitcoiners, from Bitcoin Core developer Matt Corrallo to Lightning Labs CEO Elizabeth Stark.

“Bitcoin doesn’t care what you eat,” Stark said in a direct message.

The steak-loving author of “Bitcoin: Sovereignty Through Mathematics,” Knut Svanholm, agreed with Stark.

“I believe that we should probably leave diets out of any Bitcoin discussion,” Svanholm said. “It tends to be a bit silly and people are semi-religious when it comes to food preferences.”

Thanksgiving feasts

Meanwhile, Wilcox and O’Hearn are among many bitcoin aficionados who ate a predominately meat dinner for Thanksgiving 2020.

“I like fatty steak, roast beef, ground beef and bacon more than turkey. And that’s even more true on Thanksgiving, which is a celebration of plentitude and togetherness,” Wilcox said in a direct message.

For a festive twist on the holiday classics, O’Hearn combined turkey with a keto-friendly stuffing.

“Sausage stuffing with ground pork and pork rinds, to help absorb the fat the way bread does in a stuffing,” O’Hearn said over the phone, describing the menu. “I also eat eggs and dairy without having too much of a problem. So for holidays I might have eggnog.”

It was O’Hearn who convinced me that bitcoiners’ meat fetish isn’t primarily the result of loud men’s testosterone-induced, Freudian fixations.

“There are these ideals about what a woman ‘should be’ that dissuade women from taking pleasure in their bodies and being physical. Meat is connected to that,” O’Hearn said, contradicting the diet’s stereotype. “Meat is sexy and carnal … plus, one of my primary roles as a mother is to nourish my children, inside my body, next through breast-feeding and then preparing their food and nutrients.”

Read more: Gender and Income: Binance US and Stellar CEOs Debunk Myths for International Women’s Day

Like so many bitcoiners who ate Thanksgiving dinner with their families, O’Hearn said she was grateful for her healthy family. As for myself, I ate plenty of plants this holiday, despite knowing lean protein makes me feel better than pecan pie. Rather than travel to family, I joined an outdoor gathering of bitcoiners for turkey, my first friendsgiving as part of the clan. I no longer felt like an outsider, nor was I the sole young woman. But I did bring my own rosé, because we all know the bitcoin cowboys will only bring beer and whiskey.

It may be precisely because of our differences, instead of despite them, that we were so grateful to gather with diverse friends contributing, in our own ways, to the first open-source, digital money. Especially during the pandemic, we’re thankful to be a part of an economic shift that just might manage to outlive our BBQ-slathered grills and little stone castles.





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IOTA and Bitpanda-Backed Pantos Join Efforts to Launch Christian Doppler Laboratory in Austria

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The official opening of the Christian Doppler Laboratory took place yesterday, with the Austrian Federal Minister for Digital & Economic Affairs Margarethe Schramböck attending the event.

IOTA, a non-profit organization and creator of the IOTA, IOTA Tangle, and MIOTA, is expanding its focus on the Internet-of-Things (IoT) industry through its blockchain technology. On November 26, IOTA announced a partnership with Bitpanda company Pantos to foster research in distributed ledger technologies and their use in IoT. Within the partnership, the companies have launched a new laboratory. Named the CDL Blockchain Technologies for the Internet of Things (CDL-BOT), it will be housed at the Vienna University of Technology. It will accelerate the everyday use of DLT.

IOTA and Pantos Opened New Laboratory

The official opening of the Christian Doppler Laboratory took place yesterday, with the Austrian Federal Minister for Digital & Economic Affairs Margarethe Schramböck attending the event. According to IOTA and Pantos, the laboratory will run for seven years. Besides, it will be headed by Prof. Stefan Schulte and employ several postdoctoral and doctoral students.

For IOTA, the Christian Doppler Laboratory marks an important step in deepening its academic research about the Tangle. It will also benefit from a partnership with leading European private sector initiatives, which will ensure the relevance of such activities across industries.

IOTA co-founder Dominik Schiener said:

“Together with the world-leading academic institution TU Wien and Pantos as a cutting-edge technology provider, we will jointly focus on the interoperable transfer of digital assets and trusted Internet of Things while expanding our footprint in Austria specifically.”

As for Pantos, the collaboration will enable it “to stay at the forefront of interoperability development”. It will also “solve one of the biggest complexities in this young but steadily maturing industry”.

IOTA Foundation’s Research into DLT and IoT

IOTA Foundation is a global non-profit foundation that backs the research and development of new distributed ledger technologies. It aims to solve the fundamental blockchain issues like scalability, environmental sustainability, and cost.

The company is a board member of the International Association for Trusted Blockchain Applications. Furthermore, IOTA Foundation is a founding member of the trusted-IoT alliance as well as the mobility open blockchain initiative (MOBI). It promotes blockchain and distributed ledgers in regulatory approaches, the IoT ecosystem, and mobility.

Back in 2018, IOTA partnered with Volkswagen, Bosch, and Fujitsu. The three big multinationals started using its Tangle Technology to automate their products and services. In October, IOTA Foundation announced working with the Japanese government. They launched a project that seeks to transform the country’s industrial infrastructure using IOTA systems. Besides, on November 24, IOTA completed a standardization update to assure interoperability between devices and systems that employ IOTA-based software.

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Daria is an economic student interested in the development of modern technologies. She is eager to know as much as possible about cryptos as she believes they can change our view on finance and the world in general.





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