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myrkul
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April 10, 2013, 09:05:31 PM |
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It's been an interesting day.
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BTC Books
Member
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Activity: 84
Merit: 10
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April 10, 2013, 09:13:03 PM |
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It's been an interesting day.
Moderately, yes. Already back up into the $190s... Jamaica again? I like Jamaica. |
Dankedan: price seems low, time to sell I think...
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myrkul
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April 10, 2013, 09:23:38 PM |
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It's been an interesting day.
Moderately, yes. Already back up into the $190s... Jamaica again? I like Jamaica. Jamaica's a nice place. Wouldn't mind getting back to El Salvador, though. |
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wopwop
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April 11, 2013, 11:37:47 AM |
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So where are we at today?
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gizmoh
Legendary
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Activity: 1428
Merit: 1000
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April 11, 2013, 11:41:06 AM |
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So where are we at today?
Somewhere near Zimbabwe..  |
How Ripple Rips you: "The founders of Ripple Labs created 100 billion XRP at Ripple's inception. No more can be created according to the rules of the Ripple protocol. Of the 100 billion created, 20 billion XRP were retained by the creators, seeders, venture capital companies and other founders. The remaining 80 billion were given to Ripple Labs. Ripple Labs intends to distribute and sell 55 of that 80 billion XRP to users and strategic partners. Ripple Labs also had a giveaway of under 200 million XRP (0.002% of all XRP) via World Community Grid that was later discontinued.[29] Ripple Labs will retain the remaining 25 billion"
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dree12
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Activity: 1246
Merit: 1077
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April 18, 2013, 02:16:03 AM |
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Next up: Niger.  Hopefully the path back up is easier now that we've cleared the way. |
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dree12
Legendary
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Activity: 1246
Merit: 1077
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April 18, 2013, 07:58:29 PM |
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Haiti up next.  |
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marcus_of_augustus
Legendary
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Activity: 3920
Merit: 2348
Eadem mutata resurgo
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July 31, 2013, 07:31:51 AM |
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So where are we at with this? ... what's the next unfortunate bum-wad fiat currency in the cross-hairs?
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Lohoris
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July 31, 2013, 08:45:46 AM |
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So where are we at with this? ... what's the next unfortunate bum-wad fiat currency in the cross-hairs?
http://bitcoin.zinetsolutions.be/but it's not fun anymore (and pointless) to check it as long as they aren't records anymore... |
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marcus_of_augustus
Legendary
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Activity: 3920
Merit: 2348
Eadem mutata resurgo
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July 31, 2013, 11:35:42 AM |
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So where are we at with this? ... what's the next unfortunate bum-wad fiat currency in the cross-hairs?
http://bitcoin.zinetsolutions.be/but it's not fun anymore (and pointless) to check it as long as they aren't records anymore... That link is not current ... and I just thought it might useful to have an up to date reference for where Bitcoinia is at in the standings. Point journalists to it, etc. |
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bitzox
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July 31, 2013, 09:25:53 PM |
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So first off I haven't read the whole thread so my apologies if this has already been discussed. This is really cool and I dont want to be a down but in todays economy M1 is pretty much a meaningless number  Becuase of the way banks have been allowed to inturpet the definitions of M1 and M2, and increasing intervention by the Fed M1 has become less and less relevant. If we want an accurate picture we should really be comparing to M2.  In the last 30 years M1 has stayed relatively constant while M2 has skyrocketed, it is largely due to the advent of electronic ways of spending money, people are much less likely to spend physical cash then they were 30 years ago. Also comparing the bitcoin market cap to M1 is not apples to apples. You would need to adjust for all coins in cold storage, anything invested in bitcoin denominated securities, and bitcoins in abandoned wallets. Also all of the winkelvoses bitcoins wouldn't count(~1%) because a) they are in cold storage and b) they are going to be used to back their bitcoin fund with takes them out of M1. M2 would be a better comparison see here: https://www.cia.gov/library/publications/the-world-factbook/rankorder/2215rank.htmlbut you would still have to account for any bitcoins invested in bitcoin stock markets. |
18QpV8ZF3Y4oK8guDQiwTAK73W9r5nvBtm
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caveden
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Activity: 1106
Merit: 1004
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August 01, 2013, 05:53:03 AM |
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Also comparing the bitcoin market cap to M1 is not apples to apples. You would need to adjust for all coins in cold storage, anything invested in bitcoin denominated securities, and bitcoins in abandoned wallets. Also all of the winkelvoses bitcoins wouldn't count(~1%) because a) they are in cold storage and b) they are going to be used to back their bitcoin fund with takes them out of M1.
...
but you would still have to account for any bitcoins invested in bitcoin stock markets.
But M1 also includes lost/stolen/"locked away" cash, if I'm not mistaken. There's simply no way to actually know how much cash (or bitcoins) is out of circulation. I still think that what we call bitcoin "market cap" is its M0 (monetary base), not M1 nor M2. Whenever (if ever) we start to have bitcoin-quoted financial instruments that are traded around as money, then we'll have to add these to the "market cap" to get a higher aggregation. I haven't found any sorted list of fiat currencies per M0 though. |
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molecular
Donator
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Activity: 2772
Merit: 1019
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August 01, 2013, 06:03:23 AM |
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I think I'll start gold parity party thread now (this thread is dormant till we start hitting all time highs again).
a good idea. don't forget to link it from here once you do. |
PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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MonadTran
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August 31, 2013, 01:21:39 AM |
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Nice! Thanks. Maybe you could turn the country names into google image search links, to fully automate the activity in this thread. Or, put there some TripAdvisor links, and maybe even monetize on clicks (not sure if this is possible?). |
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marcus_of_augustus
Legendary
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Activity: 3920
Merit: 2348
Eadem mutata resurgo
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September 25, 2013, 08:40:09 AM |
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This guy is definitely saying that Bitcoin money supply (market cap) should be compared with "monetary base" (MB or M0) ... but it's not clear that the CIA usage of M1 for "stock of narrow money" is used widely anyway. http://www.dgcmagazine.com/bitcoin-money-supply-and-money-creation/What should not be done is to compare the Bitcoin monetary base to the M1 money supply of fiat currencies. As long as there are no figures on the total outstanding Bitcoin loan volume available, we won’t know what Bitcoin M1 is. We would need to sum up mined Bitcoins and outstanding Bitcoin loan volume in order to get Bitcoin M1. As we have seen on the Euro zone example, the larger part of M1 is created from lending. A comparison of the Bitcoin monetary base with M1 of other currencies would try to compare two incomparable figures. |
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caveden
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Activity: 1106
Merit: 1004
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September 25, 2013, 09:35:08 AM |
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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. |
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Xer0
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October 24, 2013, 01:44:41 AM |
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$1,853,000,000,000.00 $168,372.66 Germany
$2,318,000,000,000.00 $210,624.83 United States
$4,910,000,000,000.00 $446,146.65 China
$6,205,000,000,000.00 $563,816.69 European Union
$6,735,000,000,000.00 $611,975.08 Japan
wohoo we are Top 5? \o/ |
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