February 17, 2026

Capitalizations Index – B ∞/21M

113 GigaWatt Hours Go Missing In Europe

Qntra
113 GigaWatt Hours Go Missing In Europe

The possibility of converting electrical current, wherever found, directly into coin appears to have added yet another fungible item to the list of socialist "people's properties" liable to get spontaneously "redistributed" by their "servant leader" caretakers — via the quite familiar, to inhabitants of the ex-soviet world, "complicated dance through which to steal the shebang while leaving behind the appearance, in the manner of termites".

Concretely: the European Union's "Continental European Power System", "a large synchronized area stretching from Spain to Turkey and from Poland to Netherlands; encompassing 25 countries", reported (archived) on March 6, 2018, a sudden energy deficit summing to 113 GWh (i.e. 3.6 terajoules):

The power deviations are originating from the control area called Serbia, Macedonia, Montenegro (SMM block) and specifically Kosovo and Serbia. The power deviations have led to a slight decrease in the electric frequency average. This average frequency deviation, that has never happened in any similar way in the CE Power system, must cease. The missing energy amounts currently to 113 GWh. The question of who will compensate for this loss has to be answered.

MtGox Coins Getting Dumped In Waterfall

A March 7, 2018 report (archived) by the MtGox liquidator to the Tokyo District Court
indicated that 35,841.00701 BTC and 34,008.00701 BCC — corresponding to some portion of the coins looted from the MtGox userbase in 2014 — have in recent months lavishly fed the waterfall, i.e. sold for fiat (42,988,044,343 JPY, ~= 405.4M USD at today's rate.)

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One Week Into SegWit, Hardware Wallets Lead the Pack in Slow-But-Sure Roll Out

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After a years-long development process and even more debate and political struggle, Segregated Witness finally activated on the bitcoin network last week. The protocol upgrade introduced a number of benefits which can enable more advanced second-layer protocols. It also offers a block size limit increase for wallets that utilize the new feature, meaning users can enjoy lower fees and faster confirmation times.

One week in, Segregated Witness has been implemented in several wallets, though overall adoption is off to a bit of a slow start. While many wallets and services indicated prior to the activation that they would be ready for the upgrade, many are taking a bit of a conservative approach when it comes to main-net release, while others have since faced unrelated difficulties that demanded their attention.

So far, hardware wallets are among the first to have jumped on the new opportunity. Both Trezor and Ledger have fully implemented and enabled Segregated Witness. This is not very surprising: Hardware wallets stand to benefit from SegWit more than most wallets, as it helps to significantly speedup the signing process.

“But we mostly implemented Segregated Witness to help the network first,” Ledger CTO Nicolas Bacca told bitcoin Magazine. “The more Segregated Witness transactions are used, the more space there is for everybody. In a way we’re also doing our part to disarm the 2x part of the SegWit2x hard fork.”

Another hardware wallet provider, Digital Bitbox, also implemented Segregated Witness in its firmware, cofounder and bitcoin Core contributor Jonas Schnelli told bitcoin Magazine, but it still requires a compatible desktop app to utilize the feature. This is a work in progress.

Full node wallets like bitcoin Core are also in the process of implementing Segregated Witness. But bitcoin Core developers decided to not include the feature straight away in order to avoid edge-case attacks that become harder to execute as time passes. bitcoin Core will instead release a new version of the software, 0.15.1; this could take another month or two before it’s available.

As for regular wallets, it seems that Blockstream’s GreenAddress could well be the first to offer the feature.

“It’s days away,” GreenAddress developer Lawrence Nahum told bitcoin Magazine. “We were ready a while back; however, during testing we found that fees were a bit higher in one of our wallets. That’s because some software libraries available now weren’t available when we implemented SegWit. At this point it’s mostly a matter of more testing.”

Most other wallets are also in various stages of implementing the feature, but for various reasons haven’t gotten to the point of release quite yet. In some cases, like BitGo and BTC.com, this had to do with the prioritization of integrating bitcoin Cash into their service; the new cryptocurrency launched unexpectedly only a couple of weeks ago. Similarly, Mycelium told bitcoin Magazine it has been implementing new features which diverted some time and attention away from SegWit.

Other popular wallets, including Bitcoin Wallet (also known as Schildbach’s bitcoin Wallet), Breadwallet, Electrum, mSIGNA, as well as webwallet Xapo confirmed that they are implementing SegWit, and all told bitcoin Magazine that they expect this should be available soon — though none gave a specific timeframe for it.

The post One Week Into SegWit, Hardware Wallets Lead the Pack in Slow-But-Sure Roll Out appeared first on Bitcoin Magazine.