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cgjaro
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11 years ago
Fred Wilson posted better adoption metrics which are a more accurate (and more impressive) record of how Bitcoin is doing: http://avc.com/2014/10/bitcoin-adoption-metrics/ It is smarter to look at these than at merely the number of transactions.
sanswork|11 years ago
Coinbase and blockchain publish wallet numbers which is used here and is another useless.
When they start publishing MAU I'll be impressed until then I'll just see wallets as a vanity number that is always going up.
Number of uniquely used addresses is being inflated by actions like the one I post about above.
Merchants and Merchants annual revenue are again vanity metrics. Merchants like wallets above does not accurately reflect current demand(go look up every story of people trying to travel using coinmap and finding almost all the merchants listed no longer accept bitcoin). Merchants annual revenue inflates the importance of companies like Overstock and Dish.
If VC investment was a good metric to follow we'd all be using Flooz and Beenz.
Hashrate has more to do with the improvements in ASIC miners than growth in usage/adoption.
And number of bitcoin repos is silly since everyone in the bitcoin space wants to be a bitcoin developer so the number of vanity repos is astounding.
cgjaro|11 years ago