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You repeat another popular misconception. Buys/sells on exchanges do NOT show up as on-chain transactions. The data I'm showing is real on-chain transactions. I
by mrb 3y ago
You repeat another popular misconception. Buys/sells on exchanges do NOT show up as on-chain transactions. The data I'm showing is real on-chain transactions. It's pretty exhausting to have to re-explain this ad-nauseam. But I suppose it is not your fault. There is a lot of misinformation out there.
- cherry_tree 3y agoYou explained nothing and introduced an entirely novel term “real on chain transactions” which means essentially nothing. How do you define this term? How does it disinclude all transactions of people buying or selling bitcoin speculatively and only include transactions where bitcoin are traded for goods? Then to complain about how exhausting it is to explain nothing and make random claims genuinely sums up most people’s experience with the bitcoin crowd (and their praying on its downfall)
- mrb 3y agoBy "real" on-chain transaction I mean "actual" on-chain transaction, ie. a transaction recorded on the blockchain. When people buy or sell bitcoins on exchanges, nothing is recorded on the blockchain. Instead, an exchange records a trade on their internal infrastructure (however it's implemented: a database, a log file, whatever). It's not done on the blockchain.