- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: So Warren Buffet sees no future in bitcoin...
Posted on 5/14/13 at 11:57 am to LSURussian
Posted on 5/14/13 at 11:57 am to LSURussian
So is there any idea the total $$ amount of bitcoin transactions that have occurred YTD?
This might be impossible to find out because I'd guess that >98% of bitcoin transactions are just swaps in and out of dollars
This might be impossible to find out because I'd guess that >98% of bitcoin transactions are just swaps in and out of dollars
2
Posted on 5/14/13 at 11:58 am to gizmoflak
quote:
This might be impossible to find out because I'd guess that >98% of bitcoin transactions are just swaps in and out of dollars
There you go. Which shows the impact of it as a "currency". It's a speculators dream. It isn't a viable currency.
Posted on 5/14/13 at 12:02 pm to gizmoflak
quote:That's not a "transaction" as far as using bitcoins to purchase a good or service.
I'd guess that >98% of bitcoin transactions are just swaps in and out of dollars
I tried to determine the annual usage of btc for purchasing goods and services about a month ago when wiki first made his hilarious prediction of "1% of global GDP."
I couldn't find any consolidated estimates. The best I could do was I found an estimate on Silk Road's sales in btc and the Japanese gambling site that uses btc. The articles said those two enterprises were the two largest btc merchants. Their combine annual sales were about $25 million.
ETA: I think the name of the Jap gambling site is SatoshiDice.
This post was edited on 5/14/13 at 12:04 pm
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News