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Topic: Parity watch -> Who's next? - page 9. (Read 68152 times)

legendary
Activity: 1106
Merit: 1004
November 05, 2013, 11:49:20 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. Smiley

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.
hero member
Activity: 551
Merit: 501
November 05, 2013, 10:12:36 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.
sr. member
Activity: 369
Merit: 250
November 04, 2013, 10:55:13 PM
For old times sake.. Just overtook El Salvador!

legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
November 04, 2013, 10:36:43 PM
Vladimir,

You slacking?  Grin Grin Grin
legendary
Activity: 2338
Merit: 2106
November 04, 2013, 03:05:55 PM
Ah, how I missed this thread.

same here !
legendary
Activity: 1162
Merit: 1007
November 04, 2013, 01:32:46 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!
hero member
Activity: 509
Merit: 564
"In Us We Trust"
November 04, 2013, 11:41:57 AM
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!!!
hero member
Activity: 518
Merit: 500
November 04, 2013, 11:28:07 AM
Ah, how I missed this thread.
hero member
Activity: 630
Merit: 500
Bitgoblin
October 24, 2013, 04:46:34 AM
Vladimir, don't be lazy, it's about time! https://blockchain.info/charts/market-cap
lol I misread "market-crap"
legendary
Activity: 1778
Merit: 1008
October 23, 2013, 11:27:35 PM
are we meeting some other countries yet? Cheesy
legendary
Activity: 1764
Merit: 1002
October 23, 2013, 09:50:43 PM
what happened to all the pretty pictures?
hero member
Activity: 826
Merit: 1000
°^°
October 23, 2013, 09:44:41 PM
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/
hero member
Activity: 784
Merit: 1000
October 23, 2013, 09:40:18 PM
Vladimir, don't be lazy, it's about time! https://blockchain.info/charts/market-cap
legendary
Activity: 1106
Merit: 1004
September 25, 2013, 05:35:08 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.
legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo
September 25, 2013, 04:40:09 AM
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.
sr. member
Activity: 278
Merit: 251
August 31, 2013, 02:52:09 AM
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
full member
Activity: 181
Merit: 100
August 30, 2013, 09:21:39 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?).
full member
Activity: 174
Merit: 101
August 30, 2013, 08:07:42 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
donator
Activity: 2772
Merit: 1019
August 01, 2013, 02:03:23 AM

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.
legendary
Activity: 1106
Merit: 1004
August 01, 2013, 01:53:03 AM
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.
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