4 ms·
Bitcoin Trends in the First Half of 2015
- simonebrunozzi 11y agoI have to say, I'm pretty disappointed by Coinbase on this one. The GitHub repository comparison is almost a joke (why Paypal?), and the increase in transaction might actually be caused by a lot of small financial operations (speculations) rather than real increase in usage. To be really honest, we should instead say that, despite 100s of Millions of dollars poured into the Bitcoin ecosystem, things are not taking off. There's no sign of real bitcoin adoption. Merchants using it are usually very disappointed by the sales made in Bitcoin. Being real about what's going on is the first step to try to improve the situation.
- jka 11y agoI don't disagree about the adoption / number of transactions statistics. But the github metrics might have some value - basically this is an attempt at analyzing the adoption of 'programmable cash', and in that sense Paypal is one good example of a set of APIs that can be used to create dynamic payment flows that weren't (easily) possible in a global way previously. Given that angle though, perhaps it would be more interesting to compare the usage of Stripe libraries on github - which is arguably in the same space (and achieving results by abstracting the existing, well-adopted financial systems, rather than replacing them).
- beaner 11y agoRegardless of comparison to things like PayPal and stripe, bitcoin-related repos definitely follow an exponential curve up and to the right. Until that peaks, I don't see how that kind of growth in developer interest can be seen as a bad or disappointing thing.
- verroq 11y agoIs this a joke? The transaction volume spiked because of "stress tests" on the network that delayed transactions for normal people for 30+ hours. It is ridiculous to spin that into a sign of Bitcoin adoption.
- pygy_ 11y agoBeside the spike, the plot shows a steady growth in transactions, despite the price drop.