4 ms·

...or the takeoff ramp for a new technology. I'm not sure, either.

• dragontamer 14y ago
  http://blockchain.info/charts/n-transactions http://blockchain.info/charts/n-transactions There are more bitcoin transactions... but not enough to qualify the 20x increase in value the last three months.
  • astrodust 14y ago
    That could be explained by rampant speculation.
    • sneak 14y ago
      It could also be explained by increased organic non-speculatory demand as Bitcoin shows up in the media more frequently, and more people begin to use it - against a relatively fixed supply.
      • dragontamer 14y ago
        If more people are using Bitcoin, then there would be more transactions. Bitcoin transactions / day have grown from ~35,000 in August 2012 to ~55,000 in February 2012. Between February 2012 and today, the number of Bitcoin transactions/day has not grown at all, while Bitcoin prices have skyrocketed by 1000%.