I wonder how many bitcoins are just being shuffled back and forth.
Note that ~500,000 BTC number includes
change transactions.
Ultimately, isn't all currency just shuffled back and forth?
But it is telling that $4xx,xxx in BTC only amounted to 12k in volume on mt gox.
Why is that telling? The amount of USD exchanged on various Forex sites is only tangentially related to the amount of USD used worldwide in everyday commerce.