bitcoin economy on fire - page 2. | Bitcointalksearch.org

DrYe5

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Merit: 250

Quote from: steelhouse on July 04, 2011, 05:59:14 PM

If you google "bitcoin services" and click on the 1st link "Trade - Bitcoins" you can open the file up and "save file as" to desktop. Below is the file size. To me it means the bitcoin economy grew 10% in 3 days, and about 25% in a week.

Trade.htm   KB
6-27   152
6-28   169
6-30   179
7-01   181
7-04   202

You cannot say these directly represent the size of the economy. These are only services offered, not services patronized.

kiba

legendary

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I just brought a Bitcoin Weekly t-shirt from Square Wear. Grin

Ya telling me people are hording money? I got .70 BTC for the articles and one comic.

Joise

newbie

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Quote from: sirk390 on July 05, 2011, 01:38:14 AM

This is not real growth but websites starting to accept bitcoin again after the mtgox hack.

I've been counting the number of links on that page and there is a huge drop 2011-06-20.
This numbers are back to normal on 2011-07-02

2011-06-14: 450 links
2011-06-15: 458 links
2011-06-16: 461 links
2011-06-17: 470 links
2011-06-18: 485 links
2011-06-19: 500 links
2011-06-20: 505 links
2011-06-21: 468 links
2011-06-22: 470 links
................................
2011-07-02: 585 links
2011-07-03: 595 links
2011-07-04: 596 links

Yeah. What happened was that some offer had been deleted. The person offering reverted the deletion in a bit heavy-handed way and with this all additions of the 5 days before.
I've inserted these entries again on July 2th, therefore the number jumped up again.

Anyway, if that growth rate of number of entries is related to real trade (a big if), and it could be sustained for a year or two, this would become a remarkable market place.

But what kind of items are sold successfully? I made a page with photographs for my friend (she creates awesome images) but so far, nobody has bought for bitcoin. And I'd say this can be a really excellent way to sell things like photographs and music.

OTOH, there needs to be a point of intersection of people who are 1) technically savy, 2) have good and interesting offers, and people which 3) are technically savy as well and 4) have the money to afford these things. Selling art for income isn't easy.

Could you collect some hints for merchants, artists and creative people? What are your experiences?

hugolp

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Radix-The Decentralized Finance Protocol

Quote from: steelhouse on July 05, 2011, 03:37:31 AM

There are 2 ways to get btc mining and selling. 2 weeks ago there was no reason to sell because the mining margins were massive. Now, things are starting to get interesting. It won't be true economy until mining electricity costs = $ bitcoin.

This will happen no matter what if Bitcoin keeps working. Mining has a very low barrier of entry, so it will happen. How long it will take to get there depends on the price of the ASIC's (if they ever appear, but it seems they will). But the Bitcoin economy is not directly related to mining profits.

steelhouse

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Quote from: bitcola on July 05, 2011, 02:53:30 AM

What a load of crap. If you actually try selling anything here (as I have done multiple times) then you would know that there are no buyers of goods and services (not including those related to mining).

People are hoarding and are not spending, even with massive discounts.

Take it from someone who makes a living from selling goods and services for USD, there is NO bitcoin economy.

There are 2 ways to get btc mining and selling. 2 weeks ago there was no reason to sell because the mining margins were massive. Now, things are starting to get interesting. It won't be true economy until mining electricity costs = $ bitcoin. I have bought stuff with bitcoin and made some donations.

sirk, that is a great list, how did you find number of links (a php script)?

error

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Quote from: bitcola on July 05, 2011, 02:53:30 AM

What a load of crap. If you actually try selling anything here (as I have done multiple times) then you would know that there are no buyers of goods and services (not including those related to mining).

People are hoarding and are not spending, even with massive discounts.

Take it from someone who makes a living from selling goods and services for USD, there is NO bitcoin economy.

I've spent hundreds of BTC. You're obviously missing something.

bitcola

full member

Activity: 210

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What a load of crap. If you actually try selling anything here (as I have done multiple times) then you would know that there are no buyers of goods and services (not including those related to mining).

People are hoarding and are not spending, even with massive discounts.

Take it from someone who makes a living from selling goods and services for USD, there is NO bitcoin economy.

done

newbie

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Great stuff guys

amincd

hero member

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Merit: 501

Let's not start tooting our own horn. The bitcoin economy is still EXTREMELY tiny. It will have to grow a lot more for it to become a real economy.

Cool analysis though, I hope you keep it up.

sirk390

full member

Activity: 153

Merit: 100

This is not real growth but websites starting to accept bitcoin again after the mtgox hack.

I've been counting the number of links on that page and there is a huge drop 2011-06-20.
This numbers are back to normal on 2011-07-02
I'm missing some data between 2011-06-22 and 2011-07-02 but you can see below

2011-06-01: 318 links
2011-06-02: 332 links
2011-06-03: 344 links
2011-06-04: 352 links
2011-06-05: 359 links
2011-06-06: 373 links
2011-06-07: 383 links
2011-06-08: 398 links
2011-06-09: 407 links
2011-06-10: 415 links
2011-06-11: 425 links
2011-06-12: 428 links
2011-06-13: 442 links
2011-06-14: 450 links
2011-06-15: 458 links
2011-06-16: 461 links
2011-06-17: 470 links
2011-06-18: 485 links
2011-06-19: 500 links
2011-06-20: 505 links
2011-06-21: 468 links
2011-06-22: 470 links
2011-07-02: 585 links
2011-07-03: 595 links
2011-07-04: 596 links

steelhouse

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Activity: 717

Merit: 501

date blk0001.dat MB/Day growth between periods
5-17 163.9
5-24 179.0 2.06
6-02 201.8 2.40
6-07 218.3 3.67
6-13 248.1 4.85
6-20 283.5 5.00
6-29 321.3 4.24
7-03 335.1 3.96

I have also been keeping track of the total size of blk0001.dat It is interesting to note when the 0.0005 transaction fee went in the average growth in the total blocks went down. I like small block growth and would like to see higher transaction fees or preferably a transaction fee that changes automatically to keep block growth at 1 mb/day.

Elokane

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Truth is a consensus among neurons www.synereo.com

Very, very nice. I hope you continue following this.

Man From The Future

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Quote from: benjamindees on July 04, 2011, 07:04:08 PM

This will give you a somewhat more accurate metric. Though it's still not foolproof.

Code:

wget -O '-' --no-check-certificate https://en.bitcoin.it/wiki/Trade | grep -c ''

Anyone with a reasonably-reliable server want to set something up?

benjamindees

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This will give you a somewhat more accurate metric. Though it's still not foolproof.

Code:

wget -O '-' --no-check-certificate https://en.bitcoin.it/wiki/Trade | grep -c ''

datguywhowanders

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While this is indeed a somewhat positive indicator, keep in mind that different entries have different amounts of text explaining what their service or good they are selling for BTC.

Just going off of the filesize growth in terms of actual economic growth is going to be very misleading. However, it DOES mean that there has been growth in general, and that is a very good thing

Man From The Future

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Anyone know of a site with a transactions per day graphs?

foggyb

legendary

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Can you imagine if growth in US dollar trade was 25% PER WEEK? Shocked

Jaime Frontero

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agreed - brilliant.

a valuable economic indicator.

Man From The Future

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Merit: 250

May I ask that you keep doing these stats?

Also... brilliant! Cheesy

steelhouse

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If you google "bitcoin services" and click on the 1st link "Trade - Bitcoins" you can open the file up and "save file as" to desktop. Below is the file size. To me it means the bitcoin economy grew 10% in 3 days, and about 25% in a week.

Trade.htm   KB
6-27   152
6-28   169
6-30   179
7-01   181
7-04   202

Topic: bitcoin economy on fire - page 2. (Read 8076 times)