Bitcoin News – December 2017
December was a super exciting month for Bitcoin, with the first live Lightning Transactions happening, some insights in the upgrades coming in 2018 and a lot of charitable donations by bitcoiners. It was also a month of exposing incompetence, as many journalists received a lot of criticism for poorly informed Bitcoin coverage and many businesses got backlash for complaining about scaling for a year only to not adopt SegWit. The bitcoin price also almost reached $20k.
What the monthly news is about:
Each day, usually around the same time, I pick out the most popular/relevant/interesting stories in r/bitcoin and save them, after which I release them in one batch after the month ended. This gives you a quick (but not necessarily the best) overview of what happened in bitcoin over the past month.
A recap of Bitcoin in December 2017
04: Rootstock is released as a Sidechain bringing more sophisticated Smart Contracts to Bitcoin & Coinbase is working on SegWit support & A CNN host is salty he didn’t buy bitcoin & A livestream of the Latin American Bitcoin conference & More people probably understand Bitcoin than the central banking system
06: The Lightning Protocol 1.0 passes all compatibility tests on the live Bitcoin network & NiceHash, a mining marketplace, got hacked for $60M in bitcoin & Bitcoin reaches a new all-time-high of over $13000
07: r/Bitcoin reaches 500k subscribers & Someone sends a $500K donation to Andreas Antonopoulos for all his Bitcoin education, while others add over $200k on top & Bitcoin reaches a new all-time-high of over $19000
15: While users are still waiting for major bitcoin businesses to implement SegWit, Bitcoin Core developers have finished their MAST proposals & Google says Bitcoin is the #2 ‘How to’ search term of 2017
16: Some love for Bitstamp, which is growing at over 100k users per day and has been SegWit compatible since September & A discussion on not giving bitcoin for holiday gifts & The South Korean government plans to regulate cryptocurrency exchanges
27: A warning from Andreas Antonopoulos about community infiltration by those who want to stop Bitcoin & Community frustration about the extreme focus on the bitcoin price and not the Bitcoin technology
29: A community member shares his free “Practical Guide to Bitcoin Investment 2018” & Another Lightning Network simulation & A guide for Windows users to setup a Lightning Network node & A repost of the Schnorr Signatures article I wrote half a year ago
31: A reminder that other coins that claim to be instant without/with low fees don’t have the amount of users or traffic as Bitcoin & A call to boycott exchanges without SegWit & People are upset that some wallets still make you overpay by a factor of 10 due to bad fee estimations
Sam is a Bitcoin & Blockchain educator. He has been learning about them every day for years and uses his knowledge to help others understand and these complex topics in simple terms.