Eschewing Price, Pantera Launches BitIndex to Track Bitcoin

[Coinbuddy]

Pantera Capital, an investment fund that focuses on bitcoin, has announced an index it says will allow investors to track the cryptocurrency over a medium-term timeframe.

Dubbed the BitIndex, it takes into account seven different factors that Pantera believes accurately charts bitcoin’s overall progress.

What’s interesting is Pantera Capital is not including price in the BitIndex, instead tracking other data sources that it believes lends to bitcoin’s technological progression.

Read More
http://www.coindesk.com/eschewing-price-pantera-launches-bitindex-track-bitcoin/

[annoyingorange]

"User adoption as measured by wallets".
which is bs.

"Google searches captured by the number of times “bitcoin” appears."
Which has been going down.

"Hashrate by logarithmic scale corresponding to orders of magnitude."
How does this have to do with anything?

[2good2betrue]

"User adoption as measured by wallets".
which is bs.

"Google searches captured by the number of times “bitcoin” appears."
Which has been going down.

"Hashrate by logarithmic scale corresponding to orders of magnitude."
How does this have to do with anything?

Yep, I was tremendously impressed by the lack of "user transactions" or "people using butts to buy things".
At least that would be my prime KPI to measure the technology at it's current angle. Or maybe just pivot away from that goal?