Post
Topic
Board Economics
Re: How many BTC are used in commerce each day?
by
moreia
on 29/06/2014, 01:49:37 UTC
i know for sure that its over 5000 coins.. (yet to mention the unaccounted gambling, illicit, legit auctions, private product purchase etc)

and then when you relate that to only 3600 coins mined a day..

supply vs demand, shows that demand is higher then supply..

i would have been sad if demand (need/use) was less than mining output, but if we can account for atleast maybe some known services, and they exceed mining output, then bitcoins is on a good path even if we cant account the rest.

if we try to add them together, we would be surprised at how many bitcoin transactions per day in all countries.
bitcoin transactions per day can be accounted https://blockchain.info/charts/output-volume (1mill bitcoins moved today)
but the title was about commerce. so i only accounted for commerce EG shopping cart gateways like coinbase/bitpay

Every where demand is higher than supply
You'll never find a currency that has a higher supply rate than it demands, that's how economics is
My guess is 7.5k coins~/day