in

#Bitcoin moves $2.9 million dollars in value around the globe each and every second.

#Bitcoin moves $2.9 million dollars in value around the globe each and every second.

https://reddit.com/r/<a title="" class="aalmanual" href="https://cryptonewmedia.press/category/bitcoin/">Bitcoin</a>/comments/q3m2z3/bitcoin_moves_29_million_dollars_in_value_around/


View Reddit by SID1318View Source

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

25 Comments

  1. Bitcoin uses the UTXO accounting model so the numbers don’t reflect the whole truth.

    In the UTXO model if I have 10 BTC and I send you 1 BTC then the model counts it as 10 BTC being “transacted” : 1 btc out and 9 btc back.

    Utxo literally means unspent transaction.

  2. The USD value of transactions per second might be interesting from a financial perspective, but this doesn’t mean much from technology perspective.

    For example, a blockchain technology which does a single $2,900,000 transaction per second is a lot less impressive than one which does 90,000 $1 transactions.

  3. Rly impactful visual. Thanks for sharin!

    I’m so happy to be alive to witness such an awesome thing. So crazy that one segment of technology gives me hope for humanity. Not getting my hopes up or anything, but it’s nice to have something so awesome happening in otherwise otherwise dark times.

  4. This is so fucking disingenuous. I get being a maxi hype boy but fuck off with this bullshit. This metric counts unspent transactions, BTC that literally doesn’t move at all.

  5. Each and every second, you say?

    That’s a strange way to put it since 99.83% of all seconds see ZERO value “moving” on the Bitcoin blockchain. (Yes, I know the Lightning network runs all the time, but it’s definitely not moving millions of dollars every second.)

What do you think?

Dogecoin Price Analysis: DOGE at 0.2424 support, is it time for the moon?

If The Nobel Prize Is A Long Shot, Satoshi Nakamoto Deserves The Turing Award

If The Nobel Prize Is A Long Shot, Satoshi Nakamoto Deserves The Turing Award ⋆ ZyCrypto