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The money sent metric is interesting, is that what's actually going on right now? I have a miniscule amount of BTC (currently 'worth' £20), I just bought it ou
by djhworld 9y ago
The money sent metric is interesting, is that what's actually going on right now?
I have a miniscule amount of BTC (currently 'worth' £20), I just bought it out of novelty really, never found that much of a use for it outside of buying gift vouchers.
Where is all this money going? People just trading the currency between each other? Retail?
- isubkhankulov 9y agodark markets, ransomware, bypassing capital controls, tax avoidance, international payments, backpage ads, speculative trading
- hasch 9y agocitation?
- killin_dan 9y agoThis isn't an encyclopedia, it's an informal messaging board. If you want citations that badly, use your old pal Google and go find them. Also, one word posts will almost always get downvotes unless you're answering a question that can reasonably be answered with only one word.
- trakout 9y agoCare to expand on backpage ads?
- hehheh 9y agoHe or she's talking about backpage.com. They're infamous for hosting prostitution ads.
- droopyEyelids 9y agoDo you ever watch highway traffic at an odd time of day? I have the same thoughts about it. Who are all these people? Where do they need to go at 1am on a Monday morning? How did they get the money to buy these cars?
- omarchowdhury 9y agoYeah, the world is a pretty big place.
- hasch 9y agothis is all an estimate. it's comprised of trading (to and from exchanges), sure, but also mining rewards, etc. there are some orgs analyzing the data, e.g. www.chainalysis.com