Bitcoin 2014 – Top predictions

Re:Bitcoin 2014 – Top predictions by simondlr on Monday January 13, 2014 @08:06AM (#7050284)

Dogecoin's transaction volume has been higher than Bitcoin for the past few days: http://bitinfocharts.com/comparison/transactions-btc-doge.ht.... Of course, Bitcoin doesn't take into account off-chain transactions, which at this stage is probably higher than Dogecoin's. The high tx volume is most likely due to all the tipping happening with it.

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Re:Bitcoin 2014 – Top predictions by unasimple on Monday January 13, 2014 @10:11AM (#7050951)

Within reddit and now twitter there are easily now also thousands of off-chain transactions through the use of doge tipbots.

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Re:Bitcoin 2014 – Top predictions by ollysb on Monday January 13, 2014 @08:24AM (#7050364)

I was under the impression that all bitcoin transactions were on-chain. How do off-chain transactions work?

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Re:Bitcoin 2014 – Top predictions by aninhumer on Monday January 13, 2014 @09:37AM (#7050754)

A single account holds bitcoin for a group of people, and keeps track of individual balances internally. Externally, all the network sees are deposits and withdrawls.

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Re:Bitcoin 2014 – Top predictions by mithras on Monday January 13, 2014 @08:39AM (#7050434)

All transactions on/within exchanges are off chain.

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