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The metric you're thinking of is "Bitcoin Days Destroyed". A search for "Bitcoin Days Lost" brings up tales of woe from users who lost bitcoins. But I do agre
by eric_bullington 14y ago
The metric you're thinking of is "Bitcoin Days Destroyed". A search for "Bitcoin Days Lost" brings up tales of woe from users who lost bitcoins. But I do agree that this is probably the best metric for measuring how dynamic the Bitcoin economy is. Incidentally, Bitcoin Days Destroyed has continued to rise, even in recent months. It has risen steadily almost since the inception of Bitcoin.
http://blockchain.info/charts/bitcoin-days-destroyed-cumulative http://blockchain.info/charts/bitcoin-days-destroyed-cumulat...
- kiba 14y agoThe chart is cumulative numbers of bitcoin days destroyed. What you want is the rate of bitcoin days destroyed.
- eric_bullington 14y agoYes, I realize I linked the wrong chart -- was in a hurry. I meant to link to the rate. If you see my other comments mentioning BDD, they reference the rate of BDD.
- maxerickson 14y agoThat chart is cumulative. Of course it goes up over time, there isn't any way for it to go down. The recent rate of BDD gives some fuzzy picture of current activity though: http://blockchain.info/charts/bitcoin-days-destroyed?timespan=30days http://blockchain.info/charts/bitcoin-days-destroyed?timespa... You can see that hoarding increased slightly during March (a day destroying more than about 11 million bitcoin days should roughly reflect the market loosening up, destroying less should reflect the market tightening). Early April is also among the fastest periods (over the entire history of bitcoin) of BD destruction.