78 percent of Bitcoin currency stashed under digital mattress, study finds
More than three-quarters of the digital coins in the Bitcoin digital currency scheme aren’t circulating because they remain dormant in user accounts that have never participated in outgoing transactions, a recently published study has found.
The figure translates to more than 7.019 million BTCs, the term used to denote a single coin under the digital currency, which uses strong cryptography and peer-to-peer networking to enable anonymous payments among parties who don’t necessarily know or trust each other. Based on exchange rates listed on Mt.Gox—the most widely used Bitcoin exchange—the coins have a value of more than $82.87 million. On May 13, the date the researchers analyzed their data, there were slightly more than 9 million BTCs in existence.
» via ars technica
Notes
-
creditcomplex likes this
-
photon-milk reblogged this from emergentfutures and added:
Buy something already! These drugs and hit-men aren’t going to sell themselves!
-
nexation likes this
-
writingcapital likes this
-
hogjonny reblogged this from emergentfutures
-
hogjonny likes this
-
bulletbakas reblogged this from diabsoule and added:
MUH STABLE LIBERTARIAN CURRENCY
-
bulletbakas likes this
-
kevinpojezny reblogged this from emergentfutures and added:
Interesting
-
sirhowell reblogged this from emergentfutures
-
diabsoule likes this
-
lloyd2nd reblogged this from emergentfutures and added:
just goes to show that the feeling of security is a two-edged sword (& won’t trump a broader economic environment that,...
-
stubmle likes this
-
raygunburrito reblogged this from emergentfutures
-
the-keegsta reblogged this from rori5000
-
the-keegsta likes this
-
dougwasmuth likes this
-
dougwasmuth reblogged this from emergentfutures
-
rori5000 reblogged this from emergentfutures
-
emergentfutures reblogged this from infoneer-pulse
-
self-ownership likes this
-
evolutia reblogged this from infoneer-pulse
-
djhb317 reblogged this from infoneer-pulse
-
djhb317 likes this
-
energyfinance likes this
-
platform-london reblogged this from infoneer-pulse
-
redcloud likes this
-
whuffie reblogged this from infoneer-pulse
-
un likes this
-
supreme2089 reblogged this from infoneer-pulse
-
supreme2089 likes this
-
digithoughts likes this
-
This was featured in #Tech
-
link-arcan2 likes this
-
erisandkallisti likes this
-
infoneer-pulse posted this
