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Are you seeing more adoption in any number that isn't a vanity metric(number of wallets/accounts) or intentionally vague "revenue is up! (from where to where?)"

Are you seeing more adoption in any number that isn't a vanity metric(number of wallets/accounts) or intentionally vague "revenue is up! (from where to where?)". Traffic across all the bitcoin social groups/forums is still dropping month over month. No vendor outside the darknet is seeing growth in sales(or really any sales). Even the remittance people are simultaneously claiming they are having fantastic success while wondering why they aren't having fantastic success(see coindesk article on it. 4 years later and still we don't have any of the major companies reporting MAU.

timeal 10y ago
Number of trans/block has been very smoothly increasing for many years now - single best indicator of increasing adoption: https://blockchain.info/charts/n-transactions-per-block?daysAverageString=7&timespan=all https://blockchain.info/charts/n-transactions-per-block?days...
- sanswork 10y ago
  It's increasing but still really low and definitely possible it's increased use within the population instead of increased adoption. That's also like 2.5/second at its peak and even lower when you drop chain transactions.
  - timeal 10y ago
    I am not sure there is any utility in differentiating between these 2 types of increased use. Either way it's increased use, and either way it's good for Bitcoin. Nowadays the peak trans rate is in fact 3.7/second [2200 trans/block]. The average is 2.8/second [1700 trans/block] - https://blockchain.info/charts/n-transactions-per-block?timespan=30days https://blockchain.info/charts/n-transactions-per-block?time... Even when you drop chain trans, the trans rate has been smoothly increasing over many years - https://blockchain.info/charts/n-transactions-excluding-chains-longer-than-100?daysAverageString=7&timespan=all https://blockchain.info/charts/n-transactions-excluding-chai...
    - sanswork 10y ago
      One of them isn't sustainable as fanatics eventually burn out.
      - deleted 10y ago
        [deleted]
      - timeal 10y ago
        The trans rate grew by a factor 10 over the last 3 years. Surely a non-zero fraction of this growth comes from new users.
        sanswork 10y ago
        If we were seeing real growth surely we'd see at least some signals outside of transaction rate. We also have an ongoing block size debate at the moment and I wouldn't put it past some of the proponents(Ver) to be willing to spend money to artificially inflate block sizes.
        timeal 10y ago
        There are plenty of signals. Price is rising. Activity on Bitcoin forums is growing (r/Bitcoin users grew from 173,000 to 198,000 in a year, bitcointalk.org activity grew from 5900 posts/day to 6700 posts/day in a year, etc). Bitcoin remittance usage is growing (one example: http://bravenewcoin.com/news/bitcoin-remittances-20-percent-of-south-korea-philippines-corridor/ http://bravenewcoin.com/news/bitcoin-remittances-20-percent-...). Bitcoin trading is increasing (especially in China, look at the volume starting in Q4 2015: https://bitcoinwisdom.com/markets/okcoin/btccny https://bitcoinwisdom.com/markets/okcoin/btccny). More wallets are created (not a 100% "vanity" metric, but I agree the number of used or active wallets would be a better measure). More venture capital poured into Bitcoin year after year (https://news.bitcoin.com/venture-capital-all-time-high-new-report/ https://news.bitcoin.com/venture-capital-all-time-high-new-r...). And more. If a single metric was increasing this wouldn't be a reliable indicator. However all of the above are growing.

timeal 10y ago

Number of trans/block has been very smoothly increasing for many years now - single best indicator of increasing adoption: https://blockchain.info/charts/n-transactions-per-block?daysAverageString=7&timespan=all https://blockchain.info/charts/n-transactions-per-block?days...

sanswork 10y ago
It's increasing but still really low and definitely possible it's increased use within the population instead of increased adoption. That's also like 2.5/second at its peak and even lower when you drop chain transactions.
- timeal 10y ago
  I am not sure there is any utility in differentiating between these 2 types of increased use. Either way it's increased use, and either way it's good for Bitcoin. Nowadays the peak trans rate is in fact 3.7/second [2200 trans/block]. The average is 2.8/second [1700 trans/block] - https://blockchain.info/charts/n-transactions-per-block?timespan=30days https://blockchain.info/charts/n-transactions-per-block?time... Even when you drop chain trans, the trans rate has been smoothly increasing over many years - https://blockchain.info/charts/n-transactions-excluding-chains-longer-than-100?daysAverageString=7&timespan=all https://blockchain.info/charts/n-transactions-excluding-chai...
  - sanswork 10y ago
    One of them isn't sustainable as fanatics eventually burn out.
    - deleted 10y ago
      [deleted]
    - timeal 10y ago
      The trans rate grew by a factor 10 over the last 3 years. Surely a non-zero fraction of this growth comes from new users.
      - sanswork 10y ago
        If we were seeing real growth surely we'd see at least some signals outside of transaction rate. We also have an ongoing block size debate at the moment and I wouldn't put it past some of the proponents(Ver) to be willing to spend money to artificially inflate block sizes.
        timeal 10y ago
        There are plenty of signals. Price is rising. Activity on Bitcoin forums is growing (r/Bitcoin users grew from 173,000 to 198,000 in a year, bitcointalk.org activity grew from 5900 posts/day to 6700 posts/day in a year, etc). Bitcoin remittance usage is growing (one example: http://bravenewcoin.com/news/bitcoin-remittances-20-percent-of-south-korea-philippines-corridor/ http://bravenewcoin.com/news/bitcoin-remittances-20-percent-...). Bitcoin trading is increasing (especially in China, look at the volume starting in Q4 2015: https://bitcoinwisdom.com/markets/okcoin/btccny https://bitcoinwisdom.com/markets/okcoin/btccny). More wallets are created (not a 100% "vanity" metric, but I agree the number of used or active wallets would be a better measure). More venture capital poured into Bitcoin year after year (https://news.bitcoin.com/venture-capital-all-time-high-new-report/ https://news.bitcoin.com/venture-capital-all-time-high-new-r...). And more. If a single metric was increasing this wouldn't be a reliable indicator. However all of the above are growing.