Next scheduled rescrape ... never
Version 1
Last scraped
Scraped on 08/07/2025, 00:21:50 UTC
We see that we have more transactions (~400k per day) than at any time in history, with the exception of the Ordinals/BRC-20 wave in 2023/24. Even if you look at the "all time" graph here nothing changes, there were only two very short spikes in 2017 and 2019 where the amount of transactions came close to 400k too. But in 2020-22, most of the time there were less than 300k.
Good chart and good data. It's possible that Bitcoin's user growth rate doesn't fully translate into the growth rate of transactions, even if we look at second layers (Lightning activity continues to be slightly declining). And that would hint that indeed the share of "custodial" transactions is growing. Well, there's some work to be done for the community to install the "not your keys not your coins" principle in bigger user groups.
The concept of money is foreign to most people, and it is even harder to understand the concept of hard money. Even if one is not able to fully understand the reasons why, one can at least remember some facts and consequences that come from money Bad money drives hard money out of circulation, it is actually the original law of HODL.
Original archived Re: They might begin bitcoin mining death spiral fud again after this news
Scraped on 08/07/2025, 00:17:15 UTC
We see that we have more transactions (~400k per day) than at any time in history, with the exception of the Ordinals/BRC-20 wave in 2023/24. Even if you look at the "all time" graph here nothing changes, there were only two very short spikes in 2017 and 2019 where the amount of transactions came close to 400k too. But in 2020-22, most of the time there were less than 300k.
Good chart and good data. It's possible that Bitcoin's user growth rate doesn't fully translate into the growth rate of transactions, even if we look at second layers (Lightning activity continues to be slightly declining). And that would hint that indeed the share of "custodial" transactions is growing. Well, there's some work to be done for the community to install the "not your keys not your coins" principle in bigger user groups.
The concept of money is foreign to most people, and it is even harder to understand the concept of hard money. Even if one is not able to fully understand the reasons why, one can at least remember some facts and consequences that come from money being hard. Given that Bitcoin is the hardest money to have ever existed, and nothing else comes even close to it, there is good reason not to use it actively. Superficial understanding of economics and money leads people to repeat the idea that using something often is a must. Why would I actively transact with my Bitcoin, risk my wallet, privacy and create more inconvenience for myself (e.g., if you always rebuy after spending) when I still have dirty fiat? Bad money drives hard money out of circulation, it is actually the original law of HODL.