Bitcoin Enthusiast Sends Diary Over Blockstream Satellite

Blockstream seems to be working. An unknown Bitcoin enthusiast has been sending his diary about the Blockstream satellite for over a week now. What is behind the mysterious figure?

There are simple methods and there are elaborate (but exciting) methods to communicate. A mysterious Bitcoin fan, who appears to be a software developer from the former Soviet Union, has recently made use of the latter option. For a few days now, the anonymous sender has been sending messages through the airwaves to make the hearts of the Bitcoin community beat faster.

The Twitter user @notgrubles first drew attention to the confused figure. Well, the sender had feared that his messages would never find an addressee.

On the seventh day “Post-Soviet Person”, as the discoverer baptized his mysterious friend, did not rest, but stroked a dog puppy.

Bitcoin without Internet
Blockstream already seems to work. The company around founder and Cypherpunk Adam Beck has set itself the task of bringing Bitcoin to the remote regions of the world. The company uses a satellite that synchronizes nodes on the ground with the blockchain – without an Internet connection. The Venezuelan development team around Locha Bitcoin proves that this is not science fiction.

Eight Percent of Ethereum Nodes are in Singapore

Blockchain’s trustworthiness is ensured by the nodes that verify transactions. These nodes, distributed all over the world, help keep digital currencies decentralized. This does not mean, however, that all nodes are distributed equally.

According to February 20 data from Bitnodes, there are 10,464 bitcoin nodes in the world, distributed in 115 countries. Below are the 10 countries with the largest number of Bitcoin nodes.

In these relatively early days in Bitcoin’s history, the distribution of nodes is still concentrated in the United States and Europe. Looking more closely at the data, however, reveals more surprising details. Singapore, which has a population of only 5 million, has 319 bitcoin nodes. That number is not much smaller than the 371 nodes in an enormous country like China.

The node distribution of Ethereum, at least according to data from Etherscan, is even more interesting. 

There are 7,707 Ethereum nodes in the world. The United States still dominates. But Singapore has 632 full nodes, even more than China, which only has 548. Japan and South Korea also make an appearance, demonstrating their status as rising stars of the crypto world. 

Just for fun, we also looked at Tron nodes: https://tron.network/, There are now 1138 nodes. Singapore ranks fifth, with 68 nodes. 

Singapore’s ranking in the top 10 node locations for Bitcoin, Ethereum and Tron are likely related to Singapore’s warm welcome of blockchain technology. Node distribution reflects different countries’ attitudes toward cryptocurrency.

5 things every Bitcoin beginner should know about

No idea about crypto currencies? Doesn’t matter. The following are some of the most important concepts when it comes to Bitcoin and other crypto currencies.

Attention: The following lines neither replace your own research nor want and can they be complete in any way. There are only five concepts from the area of crypto currencies, which everyone should know, who deals with the topic.

FOMO – The Fear of Missing Something

Especially when prices explode – as was last the case at the end of 2017 – people become nervous: “If I had bought yesterday, I would have made a profit”. In the worst case, you can buy any token you want without finding out about it. The concept behind it is called FOMO and stands for the fear of missing something (Fear of Missing Out).

My tip: Take a deep breath and inform.

FUD – Fear, uncertainty and doubt

Just as unhealthy as FOMO. Fear, insecurity and doubt occur when prices suddenly collapse. Then you think: Quickly, I have to sell before things get worse. And if negative headlines are added, for many it’s over very quickly.

HODL, HODL, HODL

The way out of FUD and FOMO: just muddle through. The idea behind it: Simply keep your Bitcoin in your digital wallet instead of selling it in a panic.

My tip: Better than FUD and FOMO, worse than looking at analyses, reading about the topic and making rational decisions. In case of doubt: do it.

Watch out for the shitcoins!

Currently Coinmarketcap lists a total of 2,072 crypto currencies, the number of unreported cases is uncertain. Sometimes you can tell by their names that they are not serious projects. Or would you invest in HollyWoodCoin, TrollCoin or PonziCoin? Hopefully not.

Pump & Dump: In case of doubt, things can happen very quickly

What is prohibited in regulated finance is not a problem in the Bitcoin ecosystem. The principle: Some people agree on a certain time and date, when they put a lot of money into a project in a short time (pump). This drives up the price. Then they wait until others become aware of it and sell their tokens again, the price falls (dump). They mainly rely on FUD, FOMO and Shitcoins. What remains are a few who were able to enrich themselves and many more who are glued. Appointments take place in messengers, mainly telegrams.

My tip: hands off. Otherwise: money away.