Bitcoin Forum
December 13, 2017, 10:49:18 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 [2]  All
  Print  
Author Topic: Is this the reason the bitcoin price has not exploded yet in 2014?  (Read 1915 times)
successcouncil
Newbie
*
Offline Offline

Activity: 27


View Profile
September 17, 2014, 12:04:48 AM
 #21

650,000,000 reasons the price has not exploded so far this year.

http://youtu.be/_-TLA3j-ic4?list=PL1zCD-urlm3iuJlUhq7Nwl5KuVXVShHKO

very good point you are raising there regarding the bitcoin
not so sure about bitsharesx tho.. There are plenty of other POS coins with their features that are useful

The problem with POS is that it tends towards centralization as it scales as well. Because running a node has a fixed cost (one that increases as the network increases) increasingly only the largest shareholders remain profitable while running a node. 
1513205358
Hero Member
*
Offline Offline

Posts: 1513205358

View Profile Personal Message (Offline)

Ignore
1513205358
Reply with quote  #2

1513205358
Report to moderator
1513205358
Hero Member
*
Offline Offline

Posts: 1513205358

View Profile Personal Message (Offline)

Ignore
1513205358
Reply with quote  #2

1513205358
Report to moderator
1513205358
Hero Member
*
Offline Offline

Posts: 1513205358

View Profile Personal Message (Offline)

Ignore
1513205358
Reply with quote  #2

1513205358
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1513205358
Hero Member
*
Offline Offline

Posts: 1513205358

View Profile Personal Message (Offline)

Ignore
1513205358
Reply with quote  #2

1513205358
Report to moderator
1513205358
Hero Member
*
Offline Offline

Posts: 1513205358

View Profile Personal Message (Offline)

Ignore
1513205358
Reply with quote  #2

1513205358
Report to moderator
1513205358
Hero Member
*
Offline Offline

Posts: 1513205358

View Profile Personal Message (Offline)

Ignore
1513205358
Reply with quote  #2

1513205358
Report to moderator
wasserman99
Sr. Member
****
Offline Offline

Activity: 476



View Profile
September 17, 2014, 01:12:20 AM
 #22

I wonder, is it possible to analyze the blockchain to get an idea of the average age of coins being bought/sold right now on exchanges compared to the overall average age of bitcoins? It might be possible, for example, to determine that most selling right now is by miners needing to pay their bills, while most investors are sitting tight.

That should be possible to some extent: exchange addresses can be guesstimated through taint analysis, and funds from miners are trivial to identify.

However there would be some significant bias as funds traded on an exchange don't necessarily leave that exchange, only a small fractions does through withdrawals and arbitrage bots, and the transactions within an exchange are not visible on the blockchain.

Also you would have heavy background "noise" from exchanges "withdrawing" to cold wallets or consolidating coins for auditing purposes, which on first analysis might be difficult to differentiate from investors withdrawing from an exchange.

But it might be possible to devise some rough indicator, hmmm...
This would likely not be possible with a strong degree of certainty. You need to remember that not all bitcoin that passes through an exchange will go to their cold wallet/cold storage. It would be very well possible that someone selling bitcoin on say btc-e would deposit their bitcoin to their deposit address and then someone who recently purchased bitcoin would withdraw their newly purchased bitcoin and the inputs from the previous person's deposit address would be used to fund the transaction

Pages: « 1 [2]  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!