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Title: Bitcoin Days Destroyed more a measure of Hoarding or Spending? Post by: kirbz1692 on April 11, 2013, 10:11:07 PM I've read the BDD is supposed to be similar to the measurement of velocity for a currency, but that it also accounts for how long the bitcoins have been hoarded. I was wondering whether a rising BBD value is more indicative of spending or hoarding, or is it indistinguishably a mix of both?
Title: Re: Bitcoin Days Destroyed more a measure of Hoarding or Spending? Post by: dree12 on April 11, 2013, 10:15:09 PM In my opinion, the average coin age (the average amount of time bitcoins have stayed at their present address) is more accurate for measuring spending. Bitcoin Days Destroyed will increase with coin minting and destruction, whereas average coin age is not affected by new coin production.
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