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I can offer some semi-credible information here ( I did not personally verify those, but the source is legitimate partially since it is crypto averse; plus ledg
by A4ET8a8uTh0 4y ago
I can offer some semi-credible information here ( I did not personally verify those, but the source is legitimate partially since it is crypto averse; plus ledgers are by design public, but one can have reasonable doubts about it ). Based on a fairly recent seminar, it would appear that crypto today averages approximately 100b in transactions daily and note that it is not that far away from US ACH payments ( 146b in 2021)[1] although there is a valid criticism here that we should be comparing apples to apples ( one currency to one currency[2] and not just payment type, but that data is harder for me to find ). Not bad for a payment type that is so consistently vilified. It should be noted that most of it appears to be int BTC.
This is primarily why I think crypto is here to stay in one form or the other unless either majority of the population is convinced its worthless ( as a speculative or money transfer tool ) for one reason or there is another reason to kill it ( if I had to guess, I would bet on environmental since it seems to have most sway now ).
[1]https://www.federalreserve.gov/paymentsystems/fedach_yearlycomm.htm https://www.federalreserve.gov/paymentsystems/fedach_yearlyc...
[2]https://www.barchart.com/crypto/quotes/%5EBTCUSD/technical-analysis https://www.barchart.com/crypto/quotes/%5EBTCUSD/technical-a...
edit: some additional disclaimers in brackets
- belltaco 4y agoIt's all wash trading. https://www.forbes.com/sites/javierpaz/2022/08/26/more-than-half-of-all-bitcoin-trades-are-fake/?sh=424d7b606681 https://www.forbes.com/sites/javierpaz/2022/08/26/more-than-...