2013-03-05 Barron's: Meet Bitcoin, the World’s Best Performing Currency

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http://blogs.barrons.com/emergingmarketsdaily/2013/03/05/meet-bitcoin-the-worlds-best-performing-currency/

Interesting stats disproving that a rising price or deflation kills transactional usage. Quite the opposite:

The velocity of this money is astounding: 1.6 million bitcoins have changed hands in the last 24 hours, or over 10% of the
existing money stock.

Over the last 24 hours, there have been +61,000 transactions using BTC. This is almost double the 30,000 transactions in January 2013, and more than 6x that of March 2012.

[1714794980]

1714794980

[Piper67]

http://blogs.barrons.com/emergingmarketsdaily/2013/03/05/meet-bitcoin-the-worlds-best-performing-currency/

Interesting stats disproving that a rising price or deflation kills transactional usage. Quite the opposite:

The velocity of this money is astounding: 1.6 million bitcoins have changed hands in the last 24 hours, or over 10% of the
existing money stock.

Over the last 24 hours, there have been +61,000 transactions using BTC. This is almost double the 30,000 transactions in January 2013, and more than 6x that of March 2012.

Barron's? This is big.

[Mike Christ]

Aaaand there's always a reference to drugs

[rebuilder]

Aaaand there's always a reference to drugs

Don't knock it. It's the currency for the uses official currencies can't be used for, right?

[Technomage]

Good article.

[BkkCoins]

Aaaand there's always a reference to drugs

Don't knock it. It's the currency for the uses official currencies can't be used for, right?

huh? USD can't be used for drugs? Someone better inform Wall St.

[FreeMoney]

The only way for there not to be drug trade in a currency is for that currency to completely die, so just think of it like a pulse.