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Actual cumulative chart! https://coinmetrics.io/charts/#assets=btc_log=false_zoom=1279411200000,1580515200000_formula=W1siY3VtdWxhdGl2ZVNlcmllcyIsIlJlZCIsMiwiZm4gKHNlcmllcykgXG4oXG4gICAgc2VyaWVzLm1hcFxuICAgIChcbiAgICAgICAgZm4gKGRhdGUsIHZhbHVlLCBpbmRleCwgYWxsX3ZhbHVlcykgKCBhbGxfdmFsdWVzLnNsaWNlKDEsIGluZGV4KS5mb2xkKHN1bV9mbiwgMCkgKVxuICAgICkgd2hlcmVcbiAgICAgICAgc3VtX2ZuIGlzIGZuKGEsIGIpIChhICsgYiksXG4gICAgICAgIHNlcmllcyBpcyBFVEguZmVlc1VzZFxuKVxuIl0sWyJjbUZlZXMiLCJSZWQiLDAsImN1bXVsYXRpdmVTZXJpZXMoRVRILmZlZXNVc2QpIl1d …pic.twitter.com/OBc13XDXfb
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ETC relative to ETH - mcap, txn count, block space 6-7% of ETH - txn value fluctuates, currently 33% (!?) - active addrs, consistently higher than ETH (not depicted in chart because it screws up the scale) (spam?) https://coinmetrics.io/charts/#assets=btc_log=false_zoom=1469844641024.3228,1580428800000_formula=W1sibWNhcCIsIlZpb2xldCIsMCwic21hKEVUQy5DYXBNcmt0Q3VyVVNEL0VUSC5DYXBNcmt0Q3VyVVNELDEpIl0sWyJ0eF92YWwiLCJSZWQiLDAsInNtYShzbW9vdGhPdXRsaWVycyhzbWEoRVRDLlR4VGZyVmFsQWRqVVNEL0VUSC5UeFRmclZhbEFkalVTRCwxKSwgNjAsIDEpLDcpIl0sWyJ0eF9jbnQiLCJCbHVlIiwwLCJzbWEoc21vb3RoT3V0bGllcnMoc21hKEVUQy5UeENudC9FVEguVHhDbnQsMSksIDYwLCAxKSw3KSJdLFsiYWN0X2FkciIsIkdyZWVuIiwyLCJzbWEoc21vb3RoT3V0bGllcnMoc21hKEVUQy5BZHJBY3RDbnQvRVRILkFkckFjdENudCwxKSwgNjAsIDEpLDcpIl0sWyJ0b3RhbF9ieXRlcyIsIlB1cnBsZSIsMCwic21hKHNtb290aE91dGxpZXJzKHNtYShFVEMuQmxrU2l6ZUJ5dGUvRVRILkJsa1NpemVCeXRlLDEpLCA2MCwgMSksNykiXSxbInBhcml0eSIsIkJsYWNrIiwwLCJjb25zdGFudCgxLGRhdGUoMjAxNiwgMDcsIDMxKSwgZGF0ZSgyMDIwLCAwMSwgMzEpKSJdXQ_smoothOutliers=true …pic.twitter.com/yOM8BGvGEI
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BCH relative to Bitcoin: - ~5% of BTC's market cap and active addresses - 10-15% of bitcoin's txns by count and value (outlier removal means browser might be slow to load chart) https://coinmetrics.io/charts/#assets=btc_log=false_zoom=1501786066439.5127,1580428800000_formula=W1sibWNhcCIsIlZpb2xldCIsMCwic21hKEJDSC5DYXBNcmt0Q3VyVVNEL0JUQy5DYXBNcmt0Q3VyVVNELDcpIl0sWyJ0eF92YWwiLCJSZWQiLDAsInNtYShzbW9vdGhPdXRsaWVycyhzbWEoQkNILlR4VGZyVmFsQWRqVVNEL0JUQy5UeFRmclZhbEFkalVTRCwxKSwgNjAsIDEpLDcpIl0sWyJ0eF9jbnQiLCJCbHVlIiwwLCJzbWEoc21vb3RoT3V0bGllcnMoc21hKEJDSC5UeENudC9CVEMuVHhDbnQsMSksIDYwLCAxKSw3KSJdLFsiYWN0X2FkciIsIkdyZWVuIiwwLCJzbWEoc21vb3RoT3V0bGllcnMoc21hKEJDSC5BZHJBY3RDbnQvQlRDLkFkckFjdENudCwxKSwgNjAsIDEpLDcpIl0sWyJ0b3RhbF9ieXRlcyIsIlB1cnBsZSIsMCwic21hKHNtb290aE91dGxpZXJzKHNtYShCQ0guQmxrU2l6ZUJ5dGUvQlRDLkJsa1NpemVCeXRlLDEpLCA2MCwgMSksNykiXSxbInBhcml0eSIsIkJsYWNrIiwwLCJjb25zdGFudCgxLGRhdGUoMjAxNywgMDcsIDMxKSwgZGF0ZSgyMDIwLCAwMSwgMzEpKSJdXQ_smoothOutliers=true …pic.twitter.com/WVWK1xIcUs
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Huh that sure is a lot of $100 bills. El Chapo’s favorite. Excited for your expose on this topic.pic.twitter.com/bxXAzsHCki
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The true king of IS RIGHT reclaims his rightful thronepic.twitter.com/lztdH0qwkQ
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Do me a favor and read this paper. You won't regret it PDF: https://poseidon01.ssrn.com/delivery.php?ID=962008021127091119099029081028085005127032093088005092100094031070105065095120008078110024036005107000110020069067113069080113039072030002007096090105103078114123019032038040074086072095020114075126012123004087120073118117030011019113028077096019006099&EXT=pdf … SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2536238 …pic.twitter.com/3NcpdokRrl
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Love this paragraph on why Ecuadorians preferred private bank-issued money over central bank money. SITGpic.twitter.com/kY0O5Q31lg
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They basically created a proto-Tether. Ultimately the people of Ecuador didn't trust that the IOUs would be convertible to dollars, and opted to trust private banks instead.pic.twitter.com/3rN5es395L
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Don't feel bad if your payments coin doesn't catch on. In 2014, the government of Ecuador created a CBDC, banned all non-state electronic payments and monopolized mobile payments, and still couldn't get anyone to adopt their coinpic.twitter.com/hi8smBm8aZ
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yes, you've correctly identified what Libra is (using the language of traditional finance at least). how is that a punchline?pic.twitter.com/oSjVA4nwbT
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I always find it weird when journalists "own" the crypto-enthusiasts by effectively saying "banking. you've invented banking". so? no one is concealing that.pic.twitter.com/GdMu2bYrqY
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Central bankers are currency entrepreneurs competing for your capital. Even with the power of the state behind them they are still dependent on you. Never forget that.pic.twitter.com/rFnHUX6JCg
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An influx of actual dollars has been a historical catalyst for spontaneous dollarization. Eg in Cambodia, the UN peace mission in 92 kicked it offpic.twitter.com/WiNmNRRxOZ
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Dollarization is not homogenous. In cases like Zimbabwe, the government declared the dollar legal tender to stave off inflation. In Ecuador, savers spontaneously fleeing the Sucre for USD forced the government's hand – 'dolarización popular' in Larry White's wordspic.twitter.com/5CD7pWvxLy
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Antoine finding supply irregularities in long tail altspic.twitter.com/N5A0iTkMXJ
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also Satoshi kind of settled this in 2010. a large fraction of the world (~$150b worth of opinions) thinks having a monetary commodity is useful, so bitcoin mining is not a waste, by definition.pic.twitter.com/ofWgHfrF0s
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