Statistics on the Bitcoin Economy

[Isosceles]

Summary : We need regular statistics from Bitcoin businesses & exchanges to give users confidence in the Bitcoin economy

In the world’s financial markets, economic information is released daily by governments on a variety of fundamentals such as manufacturing, sales, job growth & unemployment, and trade balances (1).  Investors and businesses use these reports to gain confidence in the future direction of the market & economy (2). Analysts produce estimates of the upcoming economic statistics, and investment is based upon them.

Producing weekly economic statistics would give our Bitcoin economy credibility and investor confidence.

I am not a trained economist and would welcome input on this from anyone who is. That said, I suggest the following statistics are volunteered by businesses & exchanges :


Businesses (Monthly)
-   Totals of receipts & expenses (in BTC and USD)
-   Total quantity of orders

Exchanges (Weekly)
-   Total number of accounts
-   Total number of accounts with a non-zero balance
-   Total number of accounts with a non-zero balance and have had no trading in 90 days
-   Average account size (BTC & USD) split in to 4 bands

Please PM me if you are interested in helping

  - Isosceles


References
1.     Yahoo US Economic Calendar  http://biz.yahoo.com/c/terms/rtlsls.html
        Bloomberg US Economic Calendar http://www.bloomberg.com/markets/economic-calendar/
2.     http://www.rightline.net/education/economic.html

[andredavies]

I have a few friends who have written on bitcoin as they work for a dissertation service UK. Would a dissertation or thesis research on bitcoin be of any benefit to let the users feel comfortable about it?

[Hydrogen]

Hey if anyone decides to create an abstraction for prediction & analysis work in crypto.

Try using something like thermoeconomics.

https://en.wikipedia.org/wiki/Thermoeconomics

There's a possibility of developing more scientific and accurate methods of financial analysis/prediction in comparison to what is traditionally used today.

Much of economic/financial analysis is extremely generalized and non specific. That might be improved upon.

[sana54210]

I have a few friends who have written on bitcoin as they work for a dissertation service UK. Would a dissertation or thesis research on bitcoin be of any benefit to let the users feel comfortable about it?

No matter the dissertation, some people are just naturally lazy to read and get details by themselves and that is why they keep remaining gullible to every false news that comes to them. However, some dissertations can still give some boost and can be used at government level to prove the benefits of bitcoin in a long term.

[stellgod]

I have a few friends who have written on bitcoin as they work for a dissertation service UK. Would a dissertation or thesis research on bitcoin be of any benefit to let the users feel comfortable about it?

I think that statistics is mandatory about anything for the promotion of that thing. If it relates to national economy, population, businesses or online currency. Statistics shows us the actual market position and value of that particular thing. The more information the people have, the more investment takes place. Therefore I strongly recommend the statistics on bitcoin economy for the people to know what bitcoin is.

[Lampaster]

It seems to me that the publication of such statistics can have both positive and negative results. The greater the numbers in these statistics the more the government will make efforts to take control of users of the cryptocurrency. I am opposed to the legalization and am sure that such acts we are killing our independence.

[allthingsluxury]

This will go unnoticed by the vast majority of the population. I would say 99% of them won't read these. This doesn't mean that they arn't valuable however and don't have their place.