Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JorgeStolfi
on 26/05/2014, 13:50:58 UTC
However, by that measure bitcoin has already achieved success. The bitcoin network currently mediates between 50 and 60 thousand transactions every day, transferring an estimated 70 million USD every day.
As far as bootstrapped nascent currency experiments go, bitcoin should certainly fulfill many criteria for "success" already.
Curioulsy the number of transactions per day and their total BTC volume have increased very little, or not at all, since September last year.  So, either commercial e-payments  are a small fraction of those numbers, or they are not increasing (and their USD volume is actually decreasing, since the BTC price has fallen considerably in that period).