I note also that the percentage value seems relatively flat over the last quarter, at least according to ABE. They
report it as 36.1245% as of block 145677 at 2011-09-17, vs 35.1627% on June 17.
Does anyone know of a regularly updated graph by percent, rather than the graph of the raw numbers at
http://banana.mine.nu/daysdest.htmlBTCDD is proposed as a measure of monetary velocity for bitcoins: that is not the same as transaction volume so I am not sure to be posting on the right thread.
Arithmetically it seems to me that the percentage cannot exceed 50%: in fact it should reach 50% asymptotically.
If x is the average of the last block number seen for any bitcoin, the percentage is (x- N/2) divided by N (N being the current block number).
x should be close to N as velocity increases.