Parity watch -> Who's next? - page 9.

caveden

legendary

Activity: 1106

Merit: 1004

Quote from: davidgdg on November 05, 2013, 09:12:36 AM

Quote from: caveden on September 25, 2013, 04:35:08 AM

Quote from: marcus_of_augustus on September 25, 2013, 03:40:09 AM

This guy is definitely saying that Bitcoin money supply (market cap) should be compared with "monetary base" (MB or M0) ...

I've been saying this for a while too. But I haven't seen any list of all currencies' M0s so far.

I don't think it hugely matters. The fractional reserve lending component in the BTC economy must be fairly trivial, so the Bitcoin M1 is unlikely to be much larger than the Bitcoin M0.

It doesn't matter because the whole comparison is just for fun anyway.

But the metric that is being used on the bitcoin side (all bitcoins issued) is its monetary base, its M0. And the metric that's being used on the other side is the M1 of fiat currencies. IMHO it would be more accurate to use M0 on both sides, since there's no M1 for Bitcoin.

davidgdg

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Activity: 552

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Quote from: caveden on September 25, 2013, 04:35:08 AM

Quote from: marcus_of_augustus on September 25, 2013, 03:40:09 AM

This guy is definitely saying that Bitcoin money supply (market cap) should be compared with "monetary base" (MB or M0) ...

I've been saying this for a while too. But I haven't seen any list of all currencies' M0s so far.

I don't think it hugely matters. The fractional reserve lending component in the BTC economy must be fairly trivial, so the Bitcoin M1 is unlikely to be much larger than the Bitcoin M0.

slothbag

sr. member

Activity: 369

Merit: 250

For old times sake.. Just overtook El Salvador!

smoothie

legendary

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Merit: 1473

LEALANA Bitcoin Grim Reaper

Vladimir,

You slacking? Grin

600watt

legendary

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Quote from: mccorvic on November 04, 2013, 10:28:07 AM

Ah, how I missed this thread.

same here !

Peter R

legendary

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Merit: 1007

Quote from: thefiniteidea on November 04, 2013, 10:41:57 AM

Quote from: Terpie on August 30, 2013, 07:07:42 PM

BUMP!

I've created a real time calculator for Bitcoin vs. Narrow Money Stock (M1) of all other currencies.

See: http://www.resallex.com/bitcoin/bmix

This is really cool!!!

Yeah Terpie, this is awesome! Did you create the rest of the site too? I especially liked the transaction volume bar charts comparing bitcoin to Visa, WU, etc!

One suggestion: on the plots where you show bitcoin market cap vs M1 money supplies, it would be nice to be able to adjust the time scales. I'd love to see where we have come from and imagine where we might be going!

Thanks again!

thefiniteidea

hero member

Activity: 509

Merit: 564

"In Us We Trust"

Quote from: Terpie on August 30, 2013, 07:07:42 PM

BUMP!

I've created a real time calculator for Bitcoin vs. Narrow Money Stock (M1) of all other currencies.

See: http://www.resallex.com/bitcoin/bmix

This is really cool!!!

mccorvic

hero member

Activity: 518

Merit: 500

Ah, how I missed this thread.

Lohoris

hero member

Activity: 630

Merit: 500

Bitgoblin

Quote from: oakpacific on October 23, 2013, 08:40:18 PM

Vladimir, don't be lazy, it's about time! https://blockchain.info/charts/market-cap

lol I misread "market-crap"

arklan

legendary

Activity: 1778

Merit: 1008

are we meeting some other countries yet? Cheesy

cypherdoc

legendary

Activity: 1764

Merit: 1002

what happened to all the pretty pictures?

Xer0

hero member

Activity: 826

Merit: 1000

°^°

Quote from: Vladimir on March 19, 2013, 11:28:15 AM

Code:

 
$1,853,000,000,000.00	$168,372.66	Germany
$2,318,000,000,000.00	$210,624.83	United States
$4,910,000,000,000.00	$446,146.65	China
$6,205,000,000,000.00	$563,816.69	European Union
$6,735,000,000,000.00	$611,975.08	Japan

wohoo we are Top 5? \o/

oakpacific

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Vladimir, don't be lazy, it's about time! https://blockchain.info/charts/market-cap

caveden

legendary

Activity: 1106

Merit: 1004

Quote from: marcus_of_augustus on September 25, 2013, 03:40:09 AM

This guy is definitely saying that Bitcoin money supply (market cap) should be compared with "monetary base" (MB or M0) ...

I've been saying this for a while too. But I haven't seen any list of all currencies' M0s so far.

marcus_of_augustus

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Activity: 3920

Merit: 2349

Eadem mutata resurgo

This guy is definitely saying that Bitcoin money supply (market cap) should be compared with "monetary base" (MB or M0) ... but it's not clear that the CIA usage of M1 for "stock of narrow money" is used widely anyway.

http://www.dgcmagazine.com/bitcoin-money-supply-and-money-creation/

Quote

What should not be done is to compare the Bitcoin monetary base to the M1 money supply of fiat currencies. As long as there are no figures on the total outstanding Bitcoin loan volume available, we won’t know what Bitcoin M1 is. We would need to sum up mined Bitcoins and outstanding Bitcoin loan volume in order to get Bitcoin M1. As we have seen on the Euro zone example, the larger part of M1 is created from lending. A comparison of the Bitcoin monetary base with M1 of other currencies would try to compare two incomparable figures.

monkeybars

sr. member

Activity: 278

Merit: 251

Quote from: Terpie on August 30, 2013, 07:07:42 PM

BUMP!

I've created a real time calculator for Bitcoin vs. Narrow Money Stock (M1) of all other currencies.

See: http://www.resallex.com/bitcoin/bmix

Very cool

MonadTran

full member

Activity: 181

Merit: 100

Quote from: Terpie on August 30, 2013, 07:07:42 PM

BUMP!

I've created a real time calculator for Bitcoin vs. Narrow Money Stock (M1) of all other currencies.

See: http://www.resallex.com/bitcoin/bmix

Nice! Thanks. Maybe you could turn the country names into google image search links, to fully automate the activity in this thread.

Or, put there some TripAdvisor links, and maybe even monetize on clicks (not sure if this is possible?).

Terpie

full member

Activity: 174

Merit: 101

BUMP!

I've created a real time calculator for Bitcoin vs. Narrow Money Stock (M1) of all other currencies.

See: http://www.resallex.com/bitcoin/bmix

molecular

donator

Activity: 2772

Merit: 1019

Quote from: ?? on ??

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.

caveden

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Activity: 1106

Merit: 1004

Quote from: bitzox on July 31, 2013, 04:25:53 PM

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.

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.

Topic: Parity watch -> Who's next? - page 9. (Read 68224 times)