3 ms·
Can you please show me the evidence you mention that shows that most Bitcoins are hoarded? I'm genuinely curious -- the main metric I'm aware of is Bitcoin Day
by eric_bullington 14y ago
Can you please show me the evidence you mention that shows that most Bitcoins are hoarded? I'm genuinely curious -- the main metric I'm aware of is Bitcoin Days Destroyed, and that metric seems to show that hoarding is actually steadily decreasing over time.
- SkyMarshal 14y agohttp://eprint.iacr.org/2012/584.pdf http://eprint.iacr.org/2012/584.pdf ~80% of BTC are dormant, eg being hoarded. >and that metric seems to show that hoarding is actually steadily decreasing over time. This is the big question, isn't it. It's completely understandable the early adapters are hoarding, expecting a med/long-term payoff on their investment via appreciation. But will that continue indefinitely, or change eventually? And dumping even a portion of that into the system would have significant price effect, and given how so many people seem to value BTC by its price more than its unique utility, what effect will that have on the economy.