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Arguing the semantics is a moot point in this instance. Bitcoin was once transferring about $5bn on-chain daily and hovers over $1bn today. By comparison Wester
by A2017U1 8y ago
Arguing the semantics is a moot point in this instance.
Bitcoin was once transferring about $5bn on-chain daily and hovers over $1bn today. By comparison Western Union moves $80bn in one year.
The original comment was unequivocally wrong. People obviously trust it.
https://www.blockchain.com/charts/estimated-transaction-volume-usd?timespan=all&daysAverageString=7 https://www.blockchain.com/charts/estimated-transaction-volu...
https://corporate.westernunion.com/annual-report/highlights.html https://corporate.westernunion.com/annual-report/highlights....
- coldtea 8y agoEach day ~5 trillion dollars are moved. Doesn't that mean that Bitcoin remains irrelevant -- (and 5 times less relevant today than when it was $5bn/daily). So much for the future of currency...