BTC Market Cap 2Week average at historic high

[BoardGameCoin]

http://blockchain.info/charts/market-cap?timespan=all&showDataPoints=false&daysAverageString=14&show_header=true&scale=0&address=

Thoughts?

-bgc

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[dree12]

I'm more concerned about the one week average. A fortnight isn't any significant timeframe, and seems more like cherry picking.

[BoardGameCoin]

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.

[marcus_of_augustus]

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)

[niko]

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.

[pazor]

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 ?

[marcus_of_augustus]

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.

[dree12]

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.

I would not be surprised in the least if these ~2M bitcoins were lost. Movement of older coins has nearly halted since 2012.