nwbitcoin (OP)
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March 07, 2013, 12:37:57 PM |
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We all want to see bitcoin succeed but what is the best way of measuring if it really is growing?
Using the value of a bitcoin vs Fiat is flawed because of speculation driving prices. Using market cap is essentially the same thing If we look at trading volumes we see a few spikes, but generally, its never more than 20k coins traded an hour - more like 1k per hour. If we look at blockchain transactions its only about 20k a day If we look at general awareness, as in marketing measurements, we could use Google, or Twitter, but its not very substantial. We could count press releases and the number of times they get published If we look at the numbers of members of this forum, its not peaked more than 3k and that was in 2011 - although there are far more forums than their used to be.
So How do we measure if bitcoin is taking off in the real world, or if its just the activity of those who are interested that is increasing?
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