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Sincerely, it looks like just another normal day in Bitcoin. I would actually like to know what percentage of the BTC created everyday are actually being used
by jbmorgado 10y ago
Sincerely, it looks like just another normal day in Bitcoin.
I would actually like to know what percentage of the BTC created everyday are actually being used for legal and technological sound purposes?
We already know that payment processors that offer BTC say that no-one uses BTC: (Taavet Hinrikus, CEO of international-payments app TransferWise, “Bitcoin, I think we can say, is dead. There is no traction, no one is using bitcoin. The bitcoin experiment, I think we can say, is over.” http://finance.yahoo.com/news/bitcoin-is-dead-says-prominent-fintech-executive-taavet-hinrikus-transferwise-bitcoin-experiment-failed-191800988.html http://finance.yahoo.com/news/bitcoin-is-dead-says-prominent...)
And we also know that more than a half of the bitcoins used in the real world are used in the Dark Web: http://www.coindesk.com/dark-web-markets-processed-more-bitcoin-than-bitpay-in-2014/ http://www.coindesk.com/dark-web-markets-processed-more-bitc...
My guess is that the remaining are mostly just bought by traders playing around in the Bitcoin exchanges and eventually loosing most of their money due to exchange lack of oversight and ease of price manipulation. But I would like some good data on this to be able to form a sound opinion.
- wslh 10y agoEven assuming that use of BTC the price can go up if the dark web growths. Other important factor is the use of BTC by kids (virtual goods) or offering their software development services with financial freedom and below 18.
- codeulike 10y agoBut I would like some good data on this to be able to form a sound opinion. Transferwise is not a payment processor that offers bitcoin. They only deal with normal currencies. Transferwise offer a service (currency exchange) that is threatened (in theory) by bitcoin so I wouldn't necessarily listen to what they say about it.
- deleted 10y ago[deleted]