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Author Topic: How to pull big data from the blockchain?  (Read 1620 times)
achow101
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September 23, 2016, 11:23:57 PM
 #21

That also still does not answer my question. Maybe something was lost in translation. Say a person wanted to find out how many bitcoins were "moved" in a 24 hour period on the blockchain, or a 7 day period or 30 days, so they could compare that day, week, month to previous days weeks and months, are you saying that the data in the blockchain which would contain the amount of bitcoins moved or involved in transactions can not be pulled from the blockchain itself anymore?
You would be able to see how much Bitcoin was moved. However, it is impossible to tell the difference between Bitcoin sent as payments and Bitcoin just being moved around i.e. change.

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September 23, 2016, 11:25:56 PM
 #22

That also still does not answer my question. Maybe something was lost in translation. Say a person wanted to find out how many bitcoins were "moved" in a 24 hour period on the blockchain, or a 7 day period or 30 days, so they could compare that day, week, month to previous days weeks and months, are you saying that the data in the blockchain which would contain the amount of bitcoins moved or involved in transactions can not be pulled from the blockchain itself anymore?
You would be able to see how much Bitcoin was moved. However, it is impossible to tell the difference between Bitcoin sent as payments and Bitcoin just being moved around i.e. change.

Thanks, I am more interested in movements than what was being spent or considered change. I appreciate you clearing that up for me.

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September 23, 2016, 11:31:08 PM
 #23

You lost me? Is that a line from Minority Report?
Yes, not a line, but a reference.

That also still does not answer my question. Maybe something was lost in translation. Say a person wanted to find out how many bitcoins were "moved" in a 24 hour period on the blockchain, or a 7 day period or 30 days, so they could compare that day, week, month to previous days weeks and months, are you saying that the data in the blockchain which would contain the amount of bitcoins moved or involved in transactions can not be pulled from the blockchain itself anymore?
When you move a $20 bill from your left pocket to your right pocket do you consider that a transaction?

When you pay for a $3 pumpkin spice latte with a $20 bill what is the transacted volume?

Please comment, critique, criticize or ridicule BIP 2112: https://bitcointalk.org/index.php?topic=54382.0
Long-term mining prognosis: https://bitcointalk.org/index.php?topic=91101.0
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