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A comment on Bitcoin exchange rate reached $100 USD per BTC. Parent comment

Re:Bitcoin exchange rate reached $100 USD per BTC by kiba on Monday April 01, 2013 @10:51AM (#5473365)
It'd also be interesting to look at the effects of deflation in the fledgling bitcoin economy, although the actual exchange of currency for goods and services is a bit small to judge this effectively.

The GDP stats for bitcoin is not systematically collected. The blockchain data only gives us a approximate picture.

So most people just rely on their guts and vague feeling about the size of the bitcoin economy. Bitcoin detractors tend to underestimate the size of bitcoin economy because they can't recall selling or buying goods or services. Bitcoin users tend to be more optimistic because they keep up with news of merchants opening up.

I think it would be very useful if somebody built a stats site dedicated to systematically report on economic activities occuring in bitcoinland.

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Re:Bitcoin exchange rate reached $100 USD per BTC by adrianwaj on Monday April 01, 2013 @07:11PM (#5476556)
Good idea. I find it interesting to track # followers of http://twitter.com/bitrific and http://twitter.com/btcprice. Probably lots of other accounts too worth following. But good correlation vehicles nevertheless.
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