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Is any reasonable good and current analysis available showing what Bitcoins and other cryptocurrencies are actually used for and in what volume?
by danbruc 9y ago
Is any reasonable good and current analysis available showing what Bitcoins and other cryptocurrencies are actually used for and in what volume?
- decentralised 9y agoThe volumes you can check using any of the block explorers freely available as for what they are used for, it's a transactional system so all records are transactions. The myth that cryptos are used for illegal and criminal activity is dying down in Europe with Europol and BoE both releasing studies showing criminals prefer to use fiat rather than cryptocurrencies.
- danbruc 9y agoJust randomly clicking through blocks won't give you that much insights. You'll need at least a rather comprehensive list of address together with information what they are used for. Some of the block explorers provide such information to some extend, but I don't think any of them is comprehensive enough to be able to answer something like how many coins were spend in April 2017 to pay for food delivery services.
- decentralised 9y agoPerhaps you are thinking of some other block explorer. Here's the one I use regularly to get all the insights I can think of: https://etherscan.io https://etherscan.io