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Title: BTC Market Cap 2Week average at historic high Post by: BoardGameCoin on December 12, 2012, 09:23:22 PM http://blockchain.info/charts/market-cap?timespan=all&showDataPoints=false&daysAverageString=14&show_header=true&scale=0&address=
Thoughts? -bgc Title: Re: BTC Market Cap 2Week average at historic high Post by: dree12 on December 12, 2012, 09:35:05 PM I'm more concerned about the one week average. A fortnight isn't any significant timeframe, and seems more like cherry picking.
Title: Re: BTC Market Cap 2Week average at historic high Post by: BoardGameCoin on December 12, 2012, 09:38:15 PM I agree the weekly average is definitely relevant, but it hasn't crossed the historic high line yet. The monthly record was beaten about three months ago.
Title: Re: BTC Market Cap 2Week average at historic high Post by: marcus_of_augustus on December 13, 2012, 12:19:26 AM I think that calling it "Market Cap" is missing the point and also misleading.
It is actually the value of MB (monetary base) money supply for the bitcoin-based economy. And would like to see it posted in gold oz as well as usd, eur, etc. 10,549,725 BTC Base Money Supply based on latest prices : 143,476,260 USD or 110,824,861 EUR or 92,094,774 GBP or 83,904 ozAU (note: total value of bitcoin stock is equivalent to merely 2.88 tons of gold) Title: Re: BTC Market Cap 2Week average at historic high Post by: niko on December 13, 2012, 08:40:19 AM Would it be fair to try to account for "lost coins" when determining the monetary base? There were estimates based on history of coin age of ~2M coins lost back in the sub-cent days.
Title: Re: BTC Market Cap 2Week average at historic high Post by: pazor on December 13, 2012, 08:42:40 AM Would it be fair to try to account for "lost coins" when determining the monetary base? There were estimates based on history of coin age of ~2M coins lost back in the sub-cent days. how can be these lost coins identified ? Title: Re: BTC Market Cap 2Week average at historic high Post by: marcus_of_augustus on December 13, 2012, 11:46:58 PM Would it be fair to try to account for "lost coins" when determining the monetary base? There were estimates based on history of coin age of ~2M coins lost back in the sub-cent days. Yeah, I'm skeptical of this ~2M figure that gets bandied around .... you could watch the blockchain to see when/if those old coins ever move. Maybe after a generation (70 years?) you could say they are "lost" ... unitl then I'm going to be conservative from a prudent savers perspective and assume they could be mobilised.Title: Re: BTC Market Cap 2Week average at historic high Post by: dree12 on December 14, 2012, 07:36:53 AM Would it be fair to try to account for "lost coins" when determining the monetary base? There were estimates based on history of coin age of ~2M coins lost back in the sub-cent days. Yeah, I'm skeptical of this ~2M figure that gets bandied around .... you could watch the blockchain to see when/if those old coins ever move. Maybe after a generation (70 years?) you could say they are "lost" ... unitl then I'm going to be conservative from a prudent savers perspective and assume they could be mobilised. |