iiinova — where your digital self keeps evolving

Murch @murch.one · 15/06/2026

Passed 13 years a couple weeks ago and just passed 80,000 rep. Too bad hardly anyone asks on Stack Exchange anymore, in the age of text-generating clankers. End of an era.

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Murch @murch.one · 17/04/2026

Answering my own question: counting as a "hit" also requires reaching first base.

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Murch @murch.one · 18/03/2026

BIP446: OP_TEMPLATEHASH & BIP448: Taproot-native (Re)bindable Transactions were published: • github.com/bitcoin/bips... • github.com/bitcoin/bips...

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Murch @murch.one · 31/05/2025

Satsie's new zine on Silent Payments dropped. It's a neat little introduction to the topic.

The cover of Satsie's Pocket Guide to Silent Payments. The guide can also be found on satsie.dev

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Murch @murch.one · 23/04/2025

Optech’s new Feature Matrix is live! bitcoinops.org/en/matrix

The old outdated Compatibility Matrix on the Optech site.

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Murch @murch.one · 23/04/2025

Today, 34.6% of all UTXOs are P2TR, via dune.com/murchandamus...

Cake chart of the UTXO set composition by count. It shows 34.6% P2TR, 28.6% P2PKH, 26.6% P2WPKH, 7.8% P2SH.

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Murch @murch.one · 21/02/2025

Woohoo, BIP 3 got merged! github.com/bitcoin/bips...

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Murch @murch.one · 10/02/2025

The mempool continues to be almost empty. The UTXO set peaked at 188M around Christmas and continues to trend down since. It has now fallen below 180M. Next block: 1.02 ṩ/vB+ #mempoolreport

Screenshot of mempool.space. There are barely more than two blocks worth of transactions waiting for confirmation with the next block starting at 1.02 ṩ/vB. The recent blocks show one block that is not full.

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Murch @murch.one · 03/02/2025

Looks like Runes have crossed their zenith.

The proportion of blockspace used by Runes went from over 30% to low single digits since mid December.

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Murch @murch.one · 02/02/2025

The mempool cleared several times in the past 24h, but now users caught on and added more transactions to the 1–2 ṩ/vB band. The mempool clearing is accompanied by the UTXO set receding a bit: we are below 181M from 186M UTXOs at the start of the year.

This year so far, the UTXO set has shrunk from over 186M UTXOs to under 181M.

The mempool cleared several times in the last 24h.

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Murch @murch.one · 31/01/2025

Last night, the mempool shrunk to a depth of less than four blocks worth of unconfirmed transactions before it bounced back. It seems that we will soon see non-full blocks. #mempoolreport

Last night around 1 AM, there were only 3.58 MvB of transactions waiting for confirmation. This low point is followed by the mempool growing to over 20 MvB by 10 AM.

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Murch @murch.one · 30/01/2025

It cannot get much cheaper: 57,801 ṩ for 57,794 vbytes is 1.00012112 ṩ/vB.

Block 881550 contained a transaction paying 1.00 ṩ/vB.

In detail, the transaction paid 57,801 sats for 57,794 vbytes, which is just a hint more than the minimum transaction relay feerate.

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Murch @murch.one · 30/01/2025

The mempool has come down from over 105 blocks worth of transactions in the 1–2 ṩ/vB band to less than 16 blocks. If you had been waiting for low feerates to consolidate a lot of DCA outputs or move your wallet to a more blockspace efficient output format, now’s a good time! #mempoolreport

The mempool visualization from mempool.space shows that the transaction data waiting for inclusion in the Bitcoin blockchain has been trending down towards the mempool clearing altogether since Christmas.

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Murch @murch.one · 16/01/2025

The mempool has not fully cleared since April 2023, but since Xmas,transactions bidding 2 ṩ/vB or more cleared several times and the network has been slowly chipping away at the 1–2 ṩ/vB band. E.g., block 879,439 yesterday contained txs with an effective feerate of 1.08 ṩ/vB. #mempoolreport

A visualization of the last month of mempool data shows the shrinking data volume of the 1-2 ṩ/vB band.

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Murch @murch.one · 16/01/2025

It's zilch in the USA: Fractional-reserve banking - Wikipedia en.m.wikipedia.org/wiki/Fractio...

Wikipedia writes that in the USA, the central bank does not require reserves to be held at any time

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Murch @murch.one · 08/01/2025

Das ist sogar ein Trend, nicht nur eine Annahme: bitbo.io/volatility/

The 30-day BTC/USD volatility from August 2010 to today shows a trend to less volatility.

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Murch @murch.one · 30/12/2024

Over Christmas, the drop in blockspace demand has caused the Bitcoin network to start confirming transactions paying less than 2 ṩ/vB. The 1–2 ṩ/vB-band has shrunk from 92 blocks to 72 blocks depth. Next block: 1.42 ṩ/vB+ #mempoolreport

The mempool visualizer on mempool.space shows that the feerates in Bitcoin’s transaction queue have fallen below 2 ṩ/vB over Christmas.

The projection of upcoming blocks shows the next block containing transactions paying less than 2 ṩ/vB.

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Murch @murch.one · 26/12/2024

I mean, it's right there:

Laslo in the thread "Pizza for bitcoins?" On
May 22, 2010, 07:17:26 PM

"I just want to report that I successfully traded 10,000 bitcoins for pizza."

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Murch @murch.one · 22/12/2024

Lopp sacrificed a chunk of time to engage with Softwar, first analyzing ten hours of podcast, then reading the entire thesis. He calls Lowery’s thesis "a giant non sequitur". 1) blog.lopp.net/critique-sof... 2) blog.lopp.net/softwar-thes... Personally, I’d recommend "Resistance Money" instead.

Jameson Lopp concludes after listening to ten hours of podcasts that he disagrees with most of the points of Softwar, is skeptical of some others and only agrees with the claim that governments should hold bitcoin as a hedge. Especially he disagrees about the claim that PoW creates a new domain of non-lethal warfare that will displace kinetic warfare.

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Murch @murch.one · 22/12/2024

I also found this paper from 2021, which concludes that Bitcoin has a wealth distribution similar to Australia, with a significantly lower Gini coefficient than the Unites States, and higher market capitalization correlated with fairer distribution of wealth. www.frontiersin.org/journals/blo...

The conclusion from the paper "Characterizing Wealth Inequality in Cryptocurrencies:
"the current Gini value for Bitcoin, of 0.65 is similar to that of Australia (Suisse, 2018)[…] the current Gini value of the United States at 0.85"

Also from the conclusion: "Cryptocurrencies with higher market capitalization (Bitcoin and Ethereum) tended to have a fairer distribution of wealth"

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Murch @murch.one · 19/12/2024

Craig Wright was found in contempt of the prior ruling that forbade him from claiming to be Satoshi Nakamoto.

BitMEX Research reporting that Judge Mellor finds Craig Wright in contempt in each of the five grounds, to a criminal standard, beyond any reasonable doubt.

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Murch @murch.one · 10/12/2024

OP_PAIRCOMMIT shall now be known as BIP 442. #bips

The Preamble of the open pull request for the Bitcoin Improvement Proposal titled "OP_PAIRCOMMIT" showing the newly assigned number 442.

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Murch @murch.one · 10/12/2024

Staaahp, nobody upvote my posts! *takes picture* Okay, carry on. #stackexchange

Murch has reached 77,777 reputation on his Bitcoin Stack Exchange account.

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Murch @murch.one · 08/12/2024

You are jesting, but you can actually already pay some taxes in some states with Bitcoin. www.nasdaq.com/articles/col...

In a new first for bitcoin adoption by governments, Colorado has officially become the first U.S. state to allow citizens to pay taxes in bitcoin (BTC).

This policy took effect on September 1, 2022, claiming that moving forward, all state taxpayers will be allowed to use cryptocurrency to pay a wide variety of different types of taxes, specifically including “individual income tax, business income tax, sales and use tax, withholding tax, severance tax and excise fuel tax.” The notice also states that, although cryptocurrencies will be legal tender for the payment of these taxes, the state will only issue refunds in U.S. dollars.

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Murch @murch.one · 07/12/2024

Ah, they even have a "Pays In Bitcoin" filter, so I guess that should qualify: bitcoinerjobs.com/tag/pays-in-...

A few jobs that pay in Bitcoin: DevOps Engineer, Web and Mobile App Developer, Frontend Engineer, Senior Counsel, Bitcoin Accountant, Cryptographer,…

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Murch @murch.one · 07/12/2024

Don’t worry, we’ll still be here when you are open to looking at what you are seeing.

A family care place called "Loving Hands Family Care" that accepts Bitcoin

Attorney Teresa Di Nardi accepts Bitcoin

A used car dealership called "Community Motors" accepting Bitcoin payments.

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Murch @murch.one · 07/12/2024

You can find a map of some businesses that accept Bitcoin payments here: btcmap.org/map

Screenshot from the map showing Taquiza in Miami and several other locations.

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Murch @murch.one · 03/12/2024

You might also want to mute the word "Bitcoin" and the tag "#bitcoin" to make any skeets with those disappear from all of your feeds.

The bluesky settings menu with an arrow pointing at moderation

The bluesky moderation menu with an arrow pointing at Muted words and tags

The Bluesky "Add muted words and tags" dialogue with Bitcoin added as an example for muted words

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Murch @murch.one · 30/11/2024

About one in seven people in the US owns Bitcoin. The broad interest and many newcomers attracts sociopaths and scammers, but not everyone interested in Bitcoin is a scammer. A recent study finds that Bitcoin interest if found across the whole political spectrum: decrypt.co/241680/bitco...

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Murch @murch.one · 29/11/2024

Yeah, Bitcoin mining is actually a fairly green industry. Since the electricity cost presents the majority of the expenses and it is location flexible, many operations set up in a way to make use of stranded energy and use the waste heat for secondary purposes. Often this reduces costs for locals.

"A Bathhouse with Bitcoin-heated pools opens in NYC", Forbes article via
https://www.forbes.com/sites/melissakravitz/2024/01/11/a-bathhouse-with-bitcoin-heated-pools-opens-in-nyc/

Screenshot from blog https://medium.com/lumerin-blog/5-ingenious-ways-bitcoin-miners-are-recycling-heat-from-asics-cac1dc4e18b2 describing that aquaculture, algae, hydroponics and insect farming involve supplementing heat and can be combined with Bitcoin mining operations. Waste heat is also used for drying and dehydration of fruits and vegetables.

Screenshot from article on a Bitcoin mining project by Gridless setting up in Malawi which increases the profitability of a local power producer that is in turn enabled to connect 200 more families to their grid.

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Murch @murch.one · 15/11/2024

We report on Lightning development every week, and it's just chugging along show and steady. bitcoinvisuals.com/lightning

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