Bitcoin Forum
December 05, 2016, 02:37:44 PM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: economy size, 2 questions  (Read 1392 times)
pyrrhos
Newbie
*
Offline Offline

Activity: 12


View Profile
June 07, 2011, 04:13:22 PM
 #1

I am trying to figure out the size of the bitcoin economy and I have 2 questions for the bitcoin analyzers:

1) Does anybody have any idea how many bitcoins are actually used to buy products and services rather than buying other currencies? Any close approximation of that would provide a good insight of the utility of bitcoin. Perhaps this could help in understanding whether the recent peak is a bubble or not.

2) Has anybody analyzed the bitcoin transaction chain to see what percentage of the existing bitcoins are actually involved in transactions after their creation? Or, in other words, can one see how many bitcoins are actively participating in the bitcoin economy? Perhaps it is possible to see the percentage of not exchanged bitcoins in the last x months or days.

1LMdVCSyQssJWErsYTzN37FexemNMrBXkw
1480948664
Hero Member
*
Offline Offline

Posts: 1480948664

View Profile Personal Message (Offline)

Ignore
1480948664
Reply with quote  #2

1480948664
Report to moderator
1480948664
Hero Member
*
Offline Offline

Posts: 1480948664

View Profile Personal Message (Offline)

Ignore
1480948664
Reply with quote  #2

1480948664
Report to moderator
1480948664
Hero Member
*
Offline Offline

Posts: 1480948664

View Profile Personal Message (Offline)

Ignore
1480948664
Reply with quote  #2

1480948664
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1480948664
Hero Member
*
Offline Offline

Posts: 1480948664

View Profile Personal Message (Offline)

Ignore
1480948664
Reply with quote  #2

1480948664
Report to moderator
1480948664
Hero Member
*
Offline Offline

Posts: 1480948664

View Profile Personal Message (Offline)

Ignore
1480948664
Reply with quote  #2

1480948664
Report to moderator
1480948664
Hero Member
*
Offline Offline

Posts: 1480948664

View Profile Personal Message (Offline)

Ignore
1480948664
Reply with quote  #2

1480948664
Report to moderator
rezin777
Full Member
***
Offline Offline

Activity: 154


View Profile
June 07, 2011, 04:16:22 PM
 #2

One is tough (even an approximation). Two has been done, I don't have a link handy, perhaps someone does or maybe a search of the forums would lead to it.
Stephen Gornick
Legendary
*
Offline Offline

Activity: 1988



View Profile
June 07, 2011, 07:23:23 PM
 #3

Two has been done,

  The metric Bitcoin Days Destroyed is likely along the lines of what you are describing:
  - http://forum.bitcoin.org/index.php?topic=9300.0

Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!