evoorhees (OP)
Legendary
Offline
Activity: 1008
Merit: 1023
Democracy is the original 51% attack
|
|
December 02, 2011, 03:53:45 AM |
|
|
|
|
|
julz
Legendary
Offline
Activity: 1092
Merit: 1001
|
|
December 02, 2011, 04:01:49 AM |
|
Yeah, but I don't know what it means. I prefer the chart of transaction *count*: http://blockchain.info/charts/n-transactionsIt strikes me as a more useful indicator of whether bitcoin interest/activity is rising or falling. edit: I rather suspect that the transaction volume can be skewed simply by a large provider such as mtgox changing their cold-storage processes. If they regularly shuffle some amounts in and out of cold storage - does that show up as some really large transactions? I'm guessing it might.
|
@electricwings BM-GtyD5exuDJ2kvEbr41XchkC8x9hPxdFd
|
|
|
evoorhees (OP)
Legendary
Offline
Activity: 1008
Merit: 1023
Democracy is the original 51% attack
|
|
December 02, 2011, 04:05:37 AM |
|
Yeah, but I don't know what it means. I prefer the chart of transaction *count*: http://blockchain.info/charts/n-transactionsIt strikes me as a more useful indicator of whether bitcoin interest/activity is rising or falling. My chart: shows aggregate sum of transactions in Bitcoins Your chart: shows quantity of transactions I think my chart is a better indicator, but yours is important too =) Both together give a clearer picture of the economy than either of them alone.
|
|
|
|
Steve
|
|
December 02, 2011, 04:08:15 AM |
|
People moving their bitcoins into password protected wallets maybe?
|
|
|
|
julz
Legendary
Offline
Activity: 1092
Merit: 1001
|
|
December 02, 2011, 04:08:38 AM |
|
My chart: shows aggregate sum of transactions in Bitcoins
Does it know which value in a transaction is the 'change' and which is the actual 'spent' amount? Does it count both parts as BTC being transferred? This is part of why I just don't understand what this aggregate chart is measuring.
|
@electricwings BM-GtyD5exuDJ2kvEbr41XchkC8x9hPxdFd
|
|
|
evoorhees (OP)
Legendary
Offline
Activity: 1008
Merit: 1023
Democracy is the original 51% attack
|
|
December 02, 2011, 04:24:30 AM |
|
People moving their bitcoins into password protected wallets maybe?
Ohh good idea... but I think the jump started before the release of 0.5 (came out on nov 21). Also, you'd expect the highest peak to be right at the release of .5, and also you'd would expect to see a similar jump when .4 came out, because it had new encryption.
|
|
|
|
Stephen Gornick
Legendary
Offline
Activity: 2506
Merit: 1010
|
|
December 02, 2011, 04:25:03 AM |
|
People moving their bitcoins into password protected wallets maybe?
There was a lot of BitcoinDays Destroyed at about the same time: - http://banana.mine.nu/daysdest.htmlBut nowhere near as much volume on the exchanges ... so that would correspond with moves to encrypted wallets. Or, there could be a massive amount of bitcoins that were moved to the exchanges, ... just waiting for the rally to tucker out before unloading en masse. Or there's mixing going on again. Or an intentional disinformation campaign. Really hard to tell.
|
|
|
|
julz
Legendary
Offline
Activity: 1092
Merit: 1001
|
|
December 02, 2011, 04:29:08 AM |
|
.. or small transfers from some really large wallets but the 'change' amount is included in the chart??
|
@electricwings BM-GtyD5exuDJ2kvEbr41XchkC8x9hPxdFd
|
|
|
BadBear
v2.0
Legendary
Offline
Activity: 1652
Merit: 1128
|
|
December 02, 2011, 04:33:28 AM |
|
That's been said before when these come up, but does it work that way? I've never looked at this stuff in depth.
|
|
|
|
evoorhees (OP)
Legendary
Offline
Activity: 1008
Merit: 1023
Democracy is the original 51% attack
|
|
December 02, 2011, 07:33:33 AM |
|
.. or small transfers from some really large wallets but the 'change' amount is included in the chart??
The "change" is not included in that chart. Blockchain.info has one chart WITH the change, and then also they have the one I posted without.
|
|
|
|
westkybitcoins
Legendary
Offline
Activity: 980
Merit: 1004
Firstbits: Compromised. Thanks, Android!
|
|
December 02, 2011, 07:40:16 AM |
|
.. or small transfers from some really large wallets but the 'change' amount is included in the chart??
The "change" is not included in that chart. Blockchain.info has one chart WITH the change, and then also they have the one I posted without. How is it possible to determine if there is change if the change address doesn't match one of the input addresses (and I would imagine most don't?)
|
Bitcoin is the ultimate freedom test. It tells you who is giving lip service and who genuinely believes in it.
... ... In the future, books that summarize the history of money will have a line that says, “and then came bitcoin.” It is the economic singularity. And we are living in it now. - Ryan Dickherber... ... ATTENTION BFL MINING NEWBS: Just got your Jalapenos in? Wondering how to get the most value for the least hassle? Give BitMinter a try! It's a smaller pool with a fair & low-fee payment method, lots of statistical feedback, and it's easier than EasyMiner! (Yes, we want your hashing power, but seriously, it IS the easiest pool to use! Sign up in seconds to try it!)... ... The idea that deflation causes hoarding (to any problematic degree) is a lie used to justify theft of value from your savings.
|
|
|
julz
Legendary
Offline
Activity: 1092
Merit: 1001
|
|
December 02, 2011, 07:45:32 AM |
|
.. or small transfers from some really large wallets but the 'change' amount is included in the chart??
The "change" is not included in that chart. Blockchain.info has one chart WITH the change, and then also they have the one I posted without. Ok.. somehow I missed this note regarding change. Still.. I wonder just how that works.
|
@electricwings BM-GtyD5exuDJ2kvEbr41XchkC8x9hPxdFd
|
|
|
bitcoinBull
Legendary
Offline
Activity: 826
Merit: 1001
rippleFanatic
|
|
December 02, 2011, 04:28:33 PM |
|
.. or small transfers from some really large wallets but the 'change' amount is included in the chart??
The "change" is not included in that chart. Blockchain.info has one chart WITH the change, and then also they have the one I posted without. Ok.. somehow I missed this note regarding change. Still.. I wonder just how that works. I suspect that that algorithm is not working properly.
|
College of Bucking Bulls Knowledge
|
|
|
|