Quote from: mich on June 16, 2019, 03:17:03 AM

https://i.imgur.com/boVLGd7.png

https://www.coindesk.com/bitcoin-surpasses-1-million-daily-active-addresses-again?utm_source=twitter&utm_medium=coindesk&utm_term=&utm_content=&utm_campaign=Organic%20 loan bitcoin

Bitcoin just passed an interesting milestone today, one we havent seen since November 27, 2017. According to CoinMetrics.io, there are now over a million daily active addresses, a number that is defined as the number of unique from or to addresses used per day.

When Bitcoin first broke 1 million active addresses (Nov 27, 2017), 1 BTC was $9,352 and the median tx fee was $3.23.

Yesterday 1 BTC was $8,230 and the median tx fee was $1.33.

While DAA doesnt mean much in practice, its an important metric in that it shows actual, unique transfers separate from the various direct transfers to and from bigger exchanges. The fact that there are over a million unique addresses transacting on the blockchain is, as they say, good for bitcoin.

When Bitcoin first broke 1 million active addresses (Nov 27, 2017), 1 BTC was $9,352 and the median tx fee was $3.23.

Yesterday 1 BTC was $8,230 and the median tx fee was $1.33.

Kevin Rooke (@kerooke) June 15, 2019

To put this number in perspective, however, we can point to Ubers estimated 14 million rides per day or the estimated 798,877 iPhones a day Apple sold in 2017. While these are Apples to oranges comparisons, it is interesting to note that bitcoin is doing the transaction volume of some of the biggest brands in the world.

As many others have said, not sure what conclusions I can come to upon hearing this. It could mean something... like, it would be alarming if the number suddenly stopped going up.

But it's a number that can have steady growth, and that have nothing to do with new people entering.