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Author Topic: Statistics on the Bitcoin Economy  (Read 637 times)
Isosceles
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August 09, 2011, 09:23:01 AM
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Summary : We need regular statistics from Bitcoin businesses & exchanges to give users confidence in the Bitcoin economy

In the world’s financial markets, economic information is released daily by governments on a variety of fundamentals such as manufacturing, sales, job growth & unemployment, and trade balances (1).  Investors and businesses use these reports to gain confidence in the future direction of the market & economy (2). Analysts produce estimates of the upcoming economic statistics, and investment is based upon them.

Producing weekly economic statistics would give our Bitcoin economy credibility and investor confidence.

I am not a trained economist and would welcome input on this from anyone who is. That said, I suggest the following statistics are volunteered by businesses & exchanges :


Businesses (Monthly)
-   Totals of receipts & expenses (in BTC and USD)
-   Total quantity of orders

Exchanges (Weekly)
-   Total number of accounts
-   Total number of accounts with a non-zero balance
-   Total number of accounts with a non-zero balance and have had no trading in 90 days
-   Average account size (BTC & USD) split in to 4 bands

Please PM me if you are interested in helping

  - Isosceles


References
1.     Yahoo US Economic Calendar  http://biz.yahoo.com/c/terms/rtlsls.html
        Bloomberg US Economic Calendar http://www.bloomberg.com/markets/economic-calendar/
2.     http://www.rightline.net/education/economic.html
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