How I Accumulated 2M Stellar in Less Than 24 Hours

Re:How I Accumulated 2M Stellar in Less Than 24 Hours by waterlesscloud on Saturday August 02, 2014 @11:37PM (#8126940)

What's your indication that it's stagnated? Other than a guess?

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Re:How I Accumulated 2M Stellar in Less Than 24 Hours by JeremyBanks on Sunday August 03, 2014 @12:51AM (#8127066)

I don't know if this is what jnbiche was referring to, but maybe the transaction volume isn't growing particularly fast. I don't know how useful/descriptive these numbers are, but from a quick look at blockchain.info's charts: the absolute number of transactions per day looks like it's only up by about 20% over the last year [1]. However, the USD value of transactions conducted is up by something like 200% [2]. I don't know how we could tell what fraction of these represent actual purchases, as opposed to individuals just moving their own coins around...

[1]: https://blockchain.info/charts/n-transactions?timespan=1year

[2]: https://blockchain.info/charts/estimated-transaction-volume-...

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Re:How I Accumulated 2M Stellar in Less Than 24 Hours by cgjaro on Sunday August 03, 2014 @01:04AM (#8127096)

Actually the number of transactions grew +90% year-over-year, which is pretty fast growth! At +90% year-over-year, Bitcoin will reach 600k transfers/day in 3.5 years (what Western Union does today). Compare 2013Q2 with 2014Q2:

- 2013Q2: 3.0 million transactions

- 2013Q3: 3.8 million transactions

- 2013Q4: 4.8 million transactions

- 2014Q1: 5.7 million transactions

- 2014Q2: 5.7 million transactions

You can get these values from the graph at http://www.quandl.com/BCHAIN/NTRAN-Bitcoin-Number-of-Transac... (select QUARTERLY).

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