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What's missing from these discussions is a trend for trade volume. If more and more transactions are being done using cryptocurrencies, then that suggests that
by rwj 9y ago
What's missing from these discussions is a trend for trade volume. If more and more transactions are being done using cryptocurrencies, then that suggests that a shift is coming, and could provide a timeline for how soon it will arrive.
- TACIXAT 9y agoMy speculation is that most network activity is artificial. The primary source is likely speculation, purchase a cryptocoin and hold it, sell it eventually. I bet another large source is mining pools. Miners place transactions in a block, solve the hash, get a reward, then distribute the proceeds to members of the mining pool creating more transactions to mine. There are also darkmarket purchases and pass-through transactions (Bitcoin debit card). I do not see Bitcoin being used as a base currency any time soon (i.e. having your salary listed in BTC).