Bitcoin Days Destroyed

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Bitcoin Days Destroyed is a measure of the transaction volume of Bitcoin. [1]

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 Bitcoin Days Destroyed

File:Bitcoin Days Destroyed.jpg
  1. ↑ ByteCoin's Proposal to use Bitcoin Days Destroyed as a measure of transaction volume
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