Difference between revisions of "Bitcoin Days Destroyed"

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(Add External Links with entry for BDD metric from ABE.)
(distinguish percent-based measures from raw)
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If someone has 100BTC that they received a week ago and they spend it then 700 bitcoin days have been destroyed. If they take those 100BTC and send them to several addresses and then spend them then although the total transaction volume could be arbitrarily large the number of bitcoindays destroyed is still 700.
 
If someone has 100BTC that they received a week ago and they spend it then 700 bitcoin days have been destroyed. If they take those 100BTC and send them to several addresses and then spend them then although the total transaction volume could be arbitrarily large the number of bitcoindays destroyed is still 700.
  
==Graph of Bitcoin Days Destroyed==
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==Graph of Percentage of Bitcoin Days Destroyed==
  
 
Percentage of Bitcoin Days destroyed vs block number, as of June 17th 2011.
 
Percentage of Bitcoin Days destroyed vs block number, as of June 17th 2011.
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==External Links==
 
==External Links==
  
* [http://abe.john-edwin-tobey.org/chain/Bitcoin?count=2016 BitcoinDays Destroyed Metric - Previous 2016 blocks]
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* [http://abe.john-edwin-tobey.org/chain/Bitcoin?count=2016 Percent BitcoinDays Destroyed Metric - Previous 2016 blocks]
 
* [http://banana.mine.nu/daysdest.html Real-time BitcoinDays Destroyed Chart]
 
* [http://banana.mine.nu/daysdest.html Real-time BitcoinDays Destroyed Chart]
  

Revision as of 16:17, 17 September 2011

Bitcoin Days Destroyed is a measure of the transaction volume of Bitcoin. [1] A bounty for a script to compute the Bitcoin Days Destroyed by the transactions in a block has been awarded. [2] Abe is a block chain browser that computes this statistic in real time.

Calculation

Example

If someone has 100BTC that they received a week ago and they spend it then 700 bitcoin days have been destroyed. If they take those 100BTC and send them to several addresses and then spend them then although the total transaction volume could be arbitrarily large the number of bitcoindays destroyed is still 700.

Graph of Percentage of Bitcoin Days Destroyed

Percentage of Bitcoin Days destroyed vs block number, as of June 17th 2011. June-17th-days-destroyed.png

See Also

  • Abe Alternate Block Explorer

External Links

References