Would it be fair to try to account for "lost coins" when determining the monetary base? There were estimates based on history of coin age of ~2M coins lost back in the sub-cent days.
Yeah, I'm skeptical of this ~2M figure that gets bandied around .... you could watch the blockchain to see when/if those old coins ever move. Maybe after a generation (70 years?) you could say they are "lost" ... unitl then I'm going to be conservative from a prudent savers perspective and assume they could be mobilised.
Topic: BTC Market Cap 2Week average at historic high (Read 1573 times)
Would it be fair to try to account for "lost coins" when determining the monetary base? There were estimates based on history of coin age of ~2M coins lost back in the sub-cent days.
Yeah, I'm skeptical of this ~2M figure that gets bandied around .... you could watch the blockchain to see when/if those old coins ever move. Maybe after a generation (70 years?) you could say they are "lost" ... unitl then I'm going to be conservative from a prudent savers perspective and assume they could be mobilised. 
Would it be fair to try to account for "lost coins" when determining the monetary base? There were estimates based on history of coin age of ~2M coins lost back in the sub-cent days.
how can be these lost coins identified ?
Would it be fair to try to account for "lost coins" when determining the monetary base? There were estimates based on history of coin age of ~2M coins lost back in the sub-cent days.
I think that calling it "Market Cap" is missing the point and also misleading.
It is actually the value of MB (monetary base) money supply for the bitcoin-based economy.
And would like to see it posted in gold oz as well as usd, eur, etc.
10,549,725 BTC
Base Money Supply based on latest prices :
143,476,260 USD
or 110,824,861 EUR
or 92,094,774 GBP
or 83,904 ozAU
(note: total value of bitcoin stock is equivalent to merely 2.88 tons of gold)
It is actually the value of MB (monetary base) money supply for the bitcoin-based economy.
And would like to see it posted in gold oz as well as usd, eur, etc.
10,549,725 BTC
Base Money Supply based on latest prices :
143,476,260 USD
or 110,824,861 EUR
or 92,094,774 GBP
or 83,904 ozAU
(note: total value of bitcoin stock is equivalent to merely 2.88 tons of gold)
I agree the weekly average is definitely relevant, but it hasn't crossed the historic high line yet. The monthly record was beaten about three months ago.
I'm more concerned about the one week average. A fortnight isn't any significant timeframe, and seems more like cherry picking.
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