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Questions tagged [bitcoin-days-destroyed]

Bitcoin days destroyed is a measurement of the transaction volume of Bitcoin.

2
votes
2answers
166 views

Is there a “Total Bitcoin Days” metric?

Recently people have been talking about Bitcoin Days Destroyed. I am curious, is there a place I can find out something like Total Bitcoin Days: the number of days since each bitcoin has moved, all ...
2
votes
2answers
183 views

Pricing in “Bitcoin days destroyed”

Is it possible to use "Bitcoin days destroyed" as unit of currency? If yes, how to price anything using this? If no, why not?
6
votes
1answer
309 views

How can I measure the “health” of Bitcoin?

What are the metrics that matter when evaluating the overall "health" of Bitcoin? What are the thresholds? Specifically Economic (e.g. velocity, days destroyed, market volume & beta) Technical ...
11
votes
2answers
1k views

Is Bitcoin Days Destroyed a measure of hoarding?

Is Bitcoin Days Destroyed a measure of hoarding? Also, is it possible to derive velocity of money (i.e. bitcoin) from Bitcoin Days Destroyed?
5
votes
1answer
536 views

How to calculate bitcoin days destroyed percentage

I understand the concept of bitcoin days destroyed but on the wiki https://en.bitcoin.it/wiki/Bitcoin_Days_Destroyed And the site calculating it http://abe.bitcoinstats.org:2750/ They give a ...
4
votes
1answer
455 views

BTC Days Destroyed, Lifo or Fifo?

Imagine I've got 100 BTC in my wallet, which I accumulated at different points of time. When spending a fraction of my BTC, e.g. 10 BTC, which one of my 100 BTC do I actually spent? The last one I ...
8
votes
2answers
907 views

How does the standard client prioritize transactions?

I've heard that the standard client prioritizes which transaction to relay based on the Bitcoin Days Destroyed and the fee paid on the transaction, but what is the exact formula used to determine ...
7
votes
1answer
376 views

Can we interpret a rolling average transaction count per block as the 'adoption curve' for Bitcoin?

It is widely accepted that Bitcoin is both a transaction network, and a currency subject to speculative market action like established fiat currencies. In a sense, it is a transaction network with a '...
9
votes
2answers
1k views

How can determine the fundamental theoretical value of the Bitcoin based on steady state daily velocity (BTCDD)?

The VISA network (VisaNet) supports 4.4 Trillion dollars of commerce per year (2009). If we assume (somewhat arbitrarily), that the Bitcoin Days Destroyed metric approaches 50% (half of all coins are ...
8
votes
2answers
654 views

What does a comparison of Bitcoin Days Destroyed say about Bitcoin vs Namecoin vs SolidCoin?

The Abe blockchain explorer provides statistics for percentage bitcoin days destroyed, using the generic term "% CoinDD". Currently Bitcoin is 36.1245%, Namecoin is 41.5547%, and SolidCoin is 47.0952%...
162
votes
5answers
224k views

What are “bitcoin days destroyed”?

The concept of bitcoin days destroyed has been proposed as a measure of bitcoin volume. However, I don't think the bitcoin wiki really explains the idea very well. What is the purpose or advantage of ...