real btc usage - page 2. | Bitcointalksearch.org

shinratensei_

legendary

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Quote from: vlom on March 08, 2017, 04:11:40 PM

hi

is there a way to find out how many BTC are really used to buy things.

e.g the amount of BTC that are transfered through bitpay transactions and similar services.

thank you

There is no way, But you can assume if there is a very little percentage of the amount of the service address to be used for buy things. And I don't get a point from your title. Does it have a relationship with your topic? Huh

epitome

sr. member

Activity: 246

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Quote from: vlom on March 08, 2017, 04:22:54 PM

then for what is bitcoins used? what do you think? just for trading?

and other way to measure the usage could be to monitor DNM. To become a feeling of the amount of BTC this is used to buy things.

What are the uses of fiat currency ,you can trade ,purchase things and so on and that is the exact use of bitcoin and people use it for many different things and it is really impossible to find out what percentage is used for what and so on,but every transaction are in the ledger.

Pettuh4

sr. member

Activity: 812

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Quote from: vlom on March 08, 2017, 04:11:40 PM

hi

is there a way to find out how many BTC are really used to buy things.

e.g the amount of BTC that are transfered through bitpay transactions and similar services.

thank you

All transactions of Bitcoin are made public on the blockchain but as to whether you'll be able to determine what was used to purchase what is another headache you'll have to deal with. It's not possible as far as I know.

vlom

legendary

Activity: 1498

Merit: 1117

then for what is bitcoins used? what do you think? just for trading?

and other way to measure the usage could be to monitor DNM. To become a feeling of the amount of BTC this is used to buy things.

knircky

member

Activity: 99

Merit: 18

Quote from: vlom on March 08, 2017, 04:11:40 PM

hi

is there a way to find out how many BTC are really used to buy things.

e.g the amount of BTC that are transfered through bitpay transactions and similar services.

thank you

It does not make sense to use bitcoin to buy things so this would be a horrible way to measure usage. I would guess that makes up less than 1% of usage of bitcoin.

vlom

legendary

Activity: 1498

Merit: 1117

hi

is there a way to find out how many BTC are really used to buy things.

e.g the amount of BTC that are transfered through bitpay transactions and similar services.

thank you

Topic: real btc usage - page 2. (Read 893 times)