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What's your indication that it's stagnated? Other than a guess?
by waterlesscloud 12y ago
What's your indication that it's stagnated? Other than a guess?
- JeremyBanks 12y agoI don't know if this is what jnbiche was referring to, but maybe the transaction volume isn't growing particularly fast. I don't know how useful/descriptive these numbers are, but from a quick look at blockchain.info's charts: the absolute number of transactions per day looks like it's only up by about 20% over the last year [1]. However, the USD value of transactions conducted is up by something like 200% [2]. I don't know how we could tell what fraction of these represent actual purchases, as opposed to individuals just moving their own coins around... [1]: https://blockchain.info/charts/n-transactions?timespan=1year https://blockchain.info/charts/n-transactions?timespan=1year [2]: https://blockchain.info/charts/estimated-transaction-volume-usd?timespan=1year https://blockchain.info/charts/estimated-transaction-volume-...
- cgjaro 12y agoActually the number of transactions grew +90% year-over-year, which is pretty fast growth! At +90% year-over-year, Bitcoin will reach 600k transfers/day in 3.5 years (what Western Union does today). Compare 2013Q2 with 2014Q2: - 2013Q2: 3.0 million transactions - 2013Q3: 3.8 million transactions - 2013Q4: 4.8 million transactions - 2014Q1: 5.7 million transactions - 2014Q2: 5.7 million transactions You can get these values from the graph at http://www.quandl.com/BCHAIN/NTRAN-Bitcoin-Number-of-Transactions http://www.quandl.com/BCHAIN/NTRAN-Bitcoin-Number-of-Transac... (select QUARTERLY).