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80,000 are only transactions that are recorded in the blockchain, it doesn't take into account transactions that go through Bitpay, Coinbase, gambling sites, th
by MarcusVorenus 13y ago
80,000 are only transactions that are recorded in the blockchain, it doesn't take into account transactions that go through Bitpay, Coinbase, gambling sites, the Reddit bitcoin bot, etc.
- nly 13y agoCoinometrics provide no information on the source of their Bitcoin data. They quote "a metric calculating the average daily transaction volume on the Bitcoin protocol in US Dollars" Of the things you list, only Bitpay and Coinbase offer merchant services directly comparable to PayPal. If you have numbers for those, that'd be great. I'm keen to find quality metrics.
- seanalltogether 13y agoBy definition, only transactions handled by the blockchain ARE bitcoin transactions, everything else is just secondary shuffling and would apply to any network that we would be comparing.