4 ms·

The +$10bn transferred daily through the Bitcoin network seems to contradict individuals who say Bitcoin is useless.

• foepys 9y ago
  $10 billion including transactions to and from exchanges or $10 billion excluding exchanges? Where did you get the numbers from? I could trade a broken bicycle with my friends all day long, that doesn't make it useful.
  • tudorconstantin 9y ago
    All these trades incur fees. Why would someone pay those fees without getting anything useful in exchange? I took the numbers from coinmarketcap, which lists the flow within exchanges actually, which are off chain. I am sure the numbers for on chain transactions can also be found. Edit: the chart with the daily on-chain transferred bitcoins https://blockchain.info/charts/output-volume https://blockchain.info/charts/output-volume
    • xapata 9y ago
      Ever heard of the Tulip Mania?