Bitcoin Network Status Update Thursday, January 17, 2019


###Status of the Bitcoin network as of Thursday, January 17, 2019 at 12:00:01 EST:

**Total bitcoins:** 17,486,483.544974

**Height:** 558,925

**Difficulty:** 5,883,988,430,955.408203

######Statistics for the past 24 hours:

**Number of blocks mined:** 132

**Total bitcoins output (amount sent):** 894,365.912291

**Total fees:** 24.507079

**Average time until block found:** 10 minutes, 54 seconds

**Estimated hashrate:** 38,609,293,956.775261 gh/s

**Current price:** US$3,601.82

*Data provided by [Smartbit.com.au](https://www.smartbit.com.au). Price data provided by [Coinbase.com](https://www.coinbase.com).*

***

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This article has some strange effect we see each day, and into the future.


https://www.coindesk.com/one-year-later-whats-holding-back-segwit-adoption-on-bitcoin

The laziness of humans, once you’ve read this article about segwit, you’ll realise that just because something works better, it doesn’t mean it will be adopted.

It claims only 36% of users are actually using segwit, which clearly has lower fees, it seems the other 64% of non segwit users aren’t bothered about saving on fees.

As the article goes onto make clear in the future if price rises come they may be forced to adapt if fees rise like they did in late 2017.

But my observation is how lazy humans are, even if they can save money, they often choose not to if the alternative is easier.

Is bitcoin easy NO, not for the masses it’s not, it requires learning, is a debit card easy yes, because it requires no learning at all, just a pin.

Don’t you think it is ironic, that a ecosystem who desperately needed lower fees, has not fully embraced segwit, yet we choose to ignore this matter.

From my stand point if people who support Bitcoin can’t be arsed, how are you expecting a lazy public to get interested or be bothered.

But it’s not just in bitcoin we see this behaviour, we see it when people won’t change, banks to save money, or utility suppliers, they’ll pay for satellite channels for the tv which some people now get free, and every time it is because they are lazy, just like the lazy people who don’t upgrade to segwit.

Often if you give people choice they don’t take it, if you force them they don’t have that choice, the problem is, a forced choice leans more to a centralised system, where as choice is more decentralised, and even if it is decentralised and a benefit in freedom, and financial saving, it is not a guarantee for Bitcoins success.

Saying everybody wants in is not correct and this article proves so.

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DropBit Adds Memos and Bip70 Support


Version 1.3 of DropBit is a significant release that gives DropBit some very unique and helpful capabilities compared to other mobile wallets. This version of DropBit, which can be downloaded at [Dropbit.app](https://Dropbit.app)

# Memos

Bitcoin needs to be used as transaction currency, not just HODLd. At Coin Ninja, we are relentlessly focusing on this use case, and trying to make it as easy as possible to send/receive Bitcoin frequently and to many different people. To that end, we realize that sending dozens of transactions a week (or even per day with some of the more active wallets) can make personal tracking difficult. **Until now, as we are proud to introduce Memos.**

https://i.redd.it/0wyvysnuj1b21.png

Memos give you the ability to categorize a transaction so that when you look at your transaction history, you can parse who was sent what and for what purpose.

​

[Note: With v1.3, the memos only show up for you on your DropBit app](https://i.redd.it/1wggjfwxj1b21.png)

# Bip70

DropBit can now accept Bip70 URLs and process these transactions successfully. This is another step in making DropBit one of the most universally functional wallets available to users today. In particular, this will allow DropBit to be used with BitPay, which has processed over $1B in crypto transactions in 2018.

We do acknowledge and recognize the validity in the stance some wallets have taken to not support Bip70 due to the vulnerabilities it exposes, and we certainly respect that position. That said, our goal as a wallet and a company is to get the masses to use and adopt Bitcoin, and we want to eliminate as many hiccups in the utilitarian use of Bitcoin as possible.

The reality is BitPay is currently the largest bitcoin processor in the world. If a “newcoiner” tries to pay for something with Bitcoin and it won’t let them because of Bip70 , they won’t know why it failed and it may leave them with the impression that Bitcoin doesn’t work. They may never try Bitcoin again, and we want to prevent this when onboarding new users to Bitcoin.

# Bug Fixes and UI Enhancements

This build contains several bug fixes and UI enhancements to help clarify the status of transactions (pending/sent/received/confirmed). This is an area we will continue to simplify.

If you have any questions for feedback about this release or the app in general reach out to us [hello@coinninja.com](mailto:hello@coinninja.com) or in the comments below.

**Update: v 1.3.1**

We are releasing version 1.3.1 to show a syncing status of your wallet transactions. This will help give users a sense of when the blockchain is syncing so they can more accurately verify transactions based on the sync status.

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