cypherdoc
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Activity: 1764
Merit: 1002
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October 24, 2013, 01:50:43 AM |
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what happened to all the pretty pictures?
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arklan
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Activity: 1778
Merit: 1008
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October 24, 2013, 03:27:35 AM |
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are we meeting some other countries yet?
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i don't post much, but this space for rent.
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Lohoris
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October 24, 2013, 08:46:34 AM |
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lol I misread "market-crap"
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mccorvic
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November 04, 2013, 03:28:07 PM |
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Ah, how I missed this thread.
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Peter R
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November 04, 2013, 05:32:46 PM |
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Yeah Terpie, this is awesome! Did you create the rest of the site too? I especially liked the transaction volume bar charts comparing bitcoin to Visa, WU, etc! One suggestion: on the plots where you show bitcoin market cap vs M1 money supplies, it would be nice to be able to adjust the time scales. I'd love to see where we have come from and imagine where we might be going! Thanks again!
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600watt
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Activity: 2338
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November 04, 2013, 07:05:55 PM |
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Ah, how I missed this thread.
same here !
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smoothie
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Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
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November 05, 2013, 02:36:43 AM |
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| . ★☆ WWW.LEALANA.COM My PGP fingerprint is A764D833. History of Monero development Visualization ★☆ . LEALANA BITCOIN GRIM REAPER SILVER COINS. |
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slothbag
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November 05, 2013, 02:55:13 AM |
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For old times sake.. Just overtook El Salvador!
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davidgdg
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November 05, 2013, 02:12:36 PM |
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This guy is definitely saying that Bitcoin money supply (market cap) should be compared with "monetary base" (MB or M0) ...
I've been saying this for a while too. But I haven't seen any list of all currencies' M0s so far. I don't think it hugely matters. The fractional reserve lending component in the BTC economy must be fairly trivial, so the Bitcoin M1 is unlikely to be much larger than the Bitcoin M0.
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"There is only one thing that is seriously morally wrong with the world, and that is politics. By 'politics' I mean all that, and only what, involves the State." Jan Lester "Escape from Leviathan"
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caveden
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Activity: 1106
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November 05, 2013, 03:49:20 PM |
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This guy is definitely saying that Bitcoin money supply (market cap) should be compared with "monetary base" (MB or M0) ...
I've been saying this for a while too. But I haven't seen any list of all currencies' M0s so far. I don't think it hugely matters. The fractional reserve lending component in the BTC economy must be fairly trivial, so the Bitcoin M1 is unlikely to be much larger than the Bitcoin M0. It doesn't matter because the whole comparison is just for fun anyway. But the metric that is being used on the bitcoin side (all bitcoins issued) is its monetary base, its M0. And the metric that's being used on the other side is the M1 of fiat currencies. IMHO it would be more accurate to use M0 on both sides, since there's no M1 for Bitcoin.
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davidgdg
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November 05, 2013, 04:48:37 PM |
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This guy is definitely saying that Bitcoin money supply (market cap) should be compared with "monetary base" (MB or M0) ...
I've been saying this for a while too. But I haven't seen any list of all currencies' M0s so far. I don't think it hugely matters. The fractional reserve lending component in the BTC economy must be fairly trivial, so the Bitcoin M1 is unlikely to be much larger than the Bitcoin M0. It doesn't matter because the whole comparison is just for fun anyway. But the metric that is being used on the bitcoin side (all bitcoins issued) is its monetary base, its M0. And the metric that's being used on the other side is the M1 of fiat currencies. IMHO it would be more accurate to use M0 on both sides, since there's no M1 for Bitcoin. There must be an M1 for Bitcoin. It's just that nobody knows what it is ;-)
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"There is only one thing that is seriously morally wrong with the world, and that is politics. By 'politics' I mean all that, and only what, involves the State." Jan Lester "Escape from Leviathan"
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caveden
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Activity: 1106
Merit: 1004
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November 05, 2013, 08:23:25 PM |
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There must be an M1 for Bitcoin. It's just that nobody knows what it is ;-)
I wouldn't be that sure. I don't think there's any entity practicing fractional reserves with bitcoin right now. You can't even have serious loans quoted in bitcoins, due to the volatility. But well, who knows...
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Rygon
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November 05, 2013, 08:24:58 PM |
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Glad to see this thread back again!
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Carlton Banks
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Activity: 3430
Merit: 3080
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November 05, 2013, 08:31:54 PM |
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Someone should get a Nepalese mountain-scape up in here, we've waved them off as well, really (we cleared $3,000,000,000 at today's peak price capitalisation)
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Vires in numeris
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nimda
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November 06, 2013, 07:08:33 PM |
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slothbag
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November 07, 2013, 12:07:19 PM |
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Just past Senegal We past Iceland in there somewhere too
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thefiniteidea
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November 07, 2013, 03:49:27 PM |
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Iceland is big news...
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Wary
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November 13, 2013, 01:33:02 AM |
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Bosnia and Herzegovina are both behind.
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Fairplay medal of dnaleor's trading simulator.
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Cablez
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Activity: 1400
Merit: 1000
I owe my soul to the Bitcoin code...
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November 16, 2013, 01:30:59 AM |
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I had totally forgotten about this thread. It will never leave my watch list again.
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Tired of substandard power distribution in your ASIC setup??? Chris' Custom Cablez will get you sorted out right! No job too hard so PM me for a quote Check my products or ask a question here: https://bitcointalk.org/index.php?topic=74397.0
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