Topic: Sudden rise in Bitcoin transaction numbers - any theories why? (Read 5988 times)

https://bitcointalk.org/index.php?topic=276452.0;topicseen

 On a sidenote watch rt now and then and you may see a bitcoin discussion
Popularity high

Before the bubble it was a common scenario for stability to be fuel for the rocket.

Can you provide a link?  How popular is the newspaper in question?

Well Russia Today had a positive article for bitcoin but not sure of the impact

Yesterday saw an all time high for the number of daily Bitcoin transactions: 72,278 (as measured by Blockchain.info).
https://blockchain.info/charts/n-transactions

The gambling site BetCoin seems to have a high volume lately, however, the record number of current news items, over 110,000 picked up by Google News, indicates a sustained level of real-world interest which must be driving some extra usage.

Nope. Buying does not necessarily increase the prices.

If person A is selling 1 BTC for $100

And person B buys 1 BTC for $100

The price will not change

The price will only change if both

I  ) Sellers sell for higher prices
II ) Buyers are willing to buy for higher prices

And more importantly, if a greater amount of users come and they each buy less, the price will also not rise. If a few people buy a ton, the price will probably rise.

Thanks for posting haven't looked at this chart in a while.  Maybe the growing number of faucets and stocks could be playing a part as well.

So yeah, stability makes the price rise, destroying stability

Simple: The stability.

Stability makes Bitcoin not look like a Ponzi-scheme. Stability makes Bitcoin look like a viable currency. Stability reduces the chance of monetary loss.

As a result, more amounts of Bitcoins are being bought from many more different people, and spent.

 Well folks are useing it.  Buying miners paying for parts.  Buying old gpu rig parts and some new.  All kinds of shit being sold.  I believe a few wised up to cashing out to these central sources. I believe some of the fear of tradeing for goods has expired.  Atleast in the action of doing it.

I think it's sinking in that privacy is not a right it's a privlage. If you take s loan from anyone.  You waive the right to a private existence from pestering calls, letters and courts. Yiu r credit go's fuck and nobody wants to deal with you when it comes to serious shit.

It's no different here but we do not have access to a collections service. So what happens instead?  A whole page of info.  The who what and where of a person.  Sometimes worse then what a collections agent would do.  Bitcoiners will call your fucking mom man!

I think that knee jerk community reaction to a problem allows for more secure feelings.  Along with escrow it's pretty awesome what's been done.  I also feel $100  Bitcoin does it for people.  It's simple fraction and holy shit easy to work with on the fly. I believe the community as a whole agrees on that.  Abd thus itnhas stayed at or around $100.

I think people need to quit being dipshits and trying to sell booze,  contraband and other federal nasties within the US or to people in the US. If it's legal elsewhere then cool.  Make it so people in those areas can grab those things.  I know elements such as that detract from the plan.  But if we don't do some of our own policeing someone else not so nice will.

I would say gambling has something to do with it. A lot of sites have popped up where people make lots of tiny gambles.

And the ones mined by GPU miners weren't?

It could also be that all the bitcoins being mined by new ASIC miners are being sent to exchange accounts

Those upgrading to an Android wallet which fixes the random-number generator security issue will have "key replacement" transactions occurring, which will have some impact on the total transaction count.

Another satoshi dice

Only this address has 10k transactions over the last 10 days (and is not in the top100)
http://blockchain.info/address/1Bet32kBtZzXViMs1PQHninHs4LADhCwtB?offset=10500&filter=0

Not sure how much of it is going on, but perhaps at least part of it is the (alleged) de-anonymization spends someone is sending?

https://bitcointalksearch.org/topic/whoever-just-sent-me-0001-btc-out-of-the-blue-269231
https://bitcointalksearch.org/topic/someone-is-sending-out-0001-btcs-to-hundreds-of-random-people-who-and-why-254615

Does that mean the price goes down and then returns later?

More people needs bitcoins.

https://bitcointalksearch.org/topic/why-is-the-transaction-volume-so-high-268882

Those are limited to 128:
 
http://en.wikipedia.org/wiki/ASCII