Bitcoin Days Destroyed: Difference between revisions
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Created page with "Bitcoin Days Destroyed is a measure of the transaction volume of Bitcoin. <ref>[http://forum.bitcoin.org/index.php?topic=6172.msg90789#msg90789 ByteCoin's Proposal to use Bitcoin..." |
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==Graph of Bitcoin Days Destroyed== | ==Graph of Bitcoin Days Destroyed== | ||
[[File:Bitcoin_Days_Destroyed.jpg]] | [[File:Bitcoin_Days_Destroyed.jpg]] | ||
==References== | |||
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[[Category:Economics]] | |||
Revision as of 22:11, 29 May 2011
Bitcoin Days Destroyed is a measure of the transaction volume of Bitcoin. [1]
Example
If someone has 100BTC that they received a week ago and they spend it then 700 bitcoin days have been destroyed. If they take those 100BTC and send them to several addresses and then spend them then although the total transaction volume could be arbitrarily large the number of bitcoindays destroyed is still 700.
Graph of Bitcoin Days Destroyed
File:Bitcoin Days Destroyed.jpg
