Quote from: pixie85 on June 02, 2019, 05:00:17 PM

The term use can be understood in many ways.
If I'm trading it am I using it?
If I'm treating it as a long term store of value am I using it?
If I'm getting paid for signature advertising am I using it?
If I'm paying my friends with it am I using it?
If I'm gambling with it am I using it?

If noone is using it am I noone? Cheesy

Nobody argued about usage, they argued what % of all the transactions are made to actually buy stuff.
And it seems the title was pretty much spot on!

Quote from: LoyceV on June 02, 2019, 01:50:59 PM

I wonder what Bloomberg is trying to prove here. Let's compare NASDAQ's Forex Market Overview:

Quote from: https://www.nasdaq.com/forex/education/foreign-exchange-market-overview.aspx

The foreign exchange market is the most actively traded market in the world. More than $5 trillion are traded on average every day. By comparison, this volume exceeds global equities trading volumes by 25 times.

It sounds like Bloomberg is making up a reason why Bitcoin wouldn't be money. They could write a similar article about fiat: "only 4% of economic transactions came from merchants".

And I'm going to open a beer cause this is a one in a thousand post I don't agree even 1.3% with LoyceV.

The example you gave is internal trade on the stock market, just like our bitcoin/altcoin exchanges.
The article is talking about 1.3% of the tx ON the blockchain being from consumers to merchants.

Let's do this the other way around.
Let's say that customer to merchant transactions are only 1.3% of all money transfer in the world, cards, wires,pp.
What would the rest of 98.7% be? Grin

Personal transactions for relatives? Sending money to the stock market? (lols) Deposits? Sending money to your safe? Grin