I think I'll start gold parity party thread now (this thread is dormant till we start hitting all time highs again).
a good idea. don't forget to link it from here once you do.
Topic: Parity watch -> Who's next? - page 10. (Read 68328 times)
I think I'll start gold parity party thread now (this thread is dormant till we start hitting all time highs again).
a good idea. don't forget to link it from here once you do.
Also comparing the bitcoin market cap to M1 is not apples to apples. You would need to adjust for all coins in cold storage, anything invested in bitcoin denominated securities, and bitcoins in abandoned wallets. Also all of the winkelvoses bitcoins wouldn't count(~1%) because a) they are in cold storage and b) they are going to be used to back their bitcoin fund with takes them out of M1.
...
but you would still have to account for any bitcoins invested in bitcoin stock markets.
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but you would still have to account for any bitcoins invested in bitcoin stock markets.
But M1 also includes lost/stolen/"locked away" cash, if I'm not mistaken. There's simply no way to actually know how much cash (or bitcoins) is out of circulation.
I still think that what we call bitcoin "market cap" is its M0 (monetary base), not M1 nor M2. Whenever (if ever) we start to have bitcoin-quoted financial instruments that are traded around as money, then we'll have to add these to the "market cap" to get a higher aggregation.
I haven't found any sorted list of fiat currencies per M0 though.
So first off I haven't read the whole thread so my apologies if this has already been discussed.
This is really cool and I dont want to be a down but in todays economy M1 is pretty much a meaningless number
Becuase of the way banks have been allowed to inturpet the definitions of M1 and M2, and increasing intervention by the Fed M1 has become less and less relevant. If we want an accurate picture we should really be comparing to M2.
In the last 30 years M1 has stayed relatively constant while M2 has skyrocketed, it is largely due to the advent of electronic ways of spending money, people are much less likely to spend physical cash then they were 30 years ago.
Also comparing the bitcoin market cap to M1 is not apples to apples. You would need to adjust for all coins in cold storage, anything invested in bitcoin denominated securities, and bitcoins in abandoned wallets. Also all of the winkelvoses bitcoins wouldn't count(~1%) because a) they are in cold storage and b) they are going to be used to back their bitcoin fund with takes them out of M1.
M2 would be a better comparison see here:
https://www.cia.gov/library/publications/the-world-factbook/rankorder/2215rank.html
but you would still have to account for any bitcoins invested in bitcoin stock markets.
This is really cool and I dont want to be a down but in todays economy M1 is pretty much a meaningless number
Becuase of the way banks have been allowed to inturpet the definitions of M1 and M2, and increasing intervention by the Fed M1 has become less and less relevant. If we want an accurate picture we should really be comparing to M2.In the last 30 years M1 has stayed relatively constant while M2 has skyrocketed, it is largely due to the advent of electronic ways of spending money, people are much less likely to spend physical cash then they were 30 years ago.
Also comparing the bitcoin market cap to M1 is not apples to apples. You would need to adjust for all coins in cold storage, anything invested in bitcoin denominated securities, and bitcoins in abandoned wallets. Also all of the winkelvoses bitcoins wouldn't count(~1%) because a) they are in cold storage and b) they are going to be used to back their bitcoin fund with takes them out of M1.
M2 would be a better comparison see here:
https://www.cia.gov/library/publications/the-world-factbook/rankorder/2215rank.html
but you would still have to account for any bitcoins invested in bitcoin stock markets.
So where are we at with this? ... what's the next unfortunate bum-wad fiat currency in the cross-hairs?
http://bitcoin.zinetsolutions.be/but it's not fun anymore (and pointless) to check it as long as they aren't records anymore...
That link is not current ... and I just thought it might useful to have an up to date reference for where Bitcoinia is at in the standings. Point journalists to it, etc.
So where are we at with this? ... what's the next unfortunate bum-wad fiat currency in the cross-hairs?
http://bitcoin.zinetsolutions.be/but it's not fun anymore (and pointless) to check it as long as they aren't records anymore...
So where are we at with this? ... what's the next unfortunate bum-wad fiat currency in the cross-hairs?
Haiti up next.
Next up: Niger.
Hopefully the path back up is easier now that we've cleared the way.
Hopefully the path back up is easier now that we've cleared the way.
So where are we at today?
It's been an interesting day.
Moderately, yes.
Already back up into the $190s... Jamaica again? I like Jamaica.
Wouldn't mind getting back to El Salvador, though.
It's been an interesting day.
Moderately, yes.
Already back up into the $190s... Jamaica again? I like Jamaica.
It's been an interesting day.
El Salvador, see you in 1-2 weeks (or less) 
Today we have been through so many countries one way and now coming back down the list the other way I think my passport is out of pages. How many in one day?
If the bitcoin crash continues some more days we will have a nice vacation at Antigua and Barbuda (20$)
I hope we stay there for a long time, it is a nice place there without lots of greedy noobs.
I hope we stay there for a long time, it is a nice place there without lots of greedy noobs.
Yeah, I agree. The bitcoin float is more like M0.
Also it turns out these digital fiat bank deposits (M1) are not as sterile as economists/banker/govts would have us believe, it seems like there are hidden claims on them by sovereign and other unspecified creditors (particularly look at deposit "covered bonds" and convertible notes that are being traded against customers deposits in the shadow banking system.)
Yes. It would be nice to have an unambiguous M0 report, and get M3 back, wouldn't it?
M1 for Bitcoin should be significantly over M0. Mt. Gox is the proprietor of most of this debt, 1.5 million BTC worth, and they are not obligated to hold any reserves (so that is 100% that is floating).
Would people be interested in a website that automatically displayed bitcoin statistics like these?
there is this:
http://bitcoin.zinetsolutions.be/
Would people be interested in a website that automatically displayed bitcoin statistics like these?
there is this:
http://bitcoin.zinetsolutions.be/
Would people be interested in a website that automatically displayed bitcoin statistics like these?
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