Bitcoin days destroyed is a measurement of the transaction volume of Bitcoin.
For further reading, read the answer on Bitcoin.SE
Questions tagged [bitcoin-days-destroyed]
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What are "bitcoin days destroyed"?
The concept of bitcoin days destroyed has been proposed as a measure of bitcoin volume. However, I don't think the bitcoin wiki really explains the idea very well.
What is the purpose or advantage of knowing this statistical value?
z7sg Ѫ
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Is Bitcoin Days Destroyed a measure of hoarding?
Is Bitcoin Days Destroyed a measure of hoarding? Also, is it possible to derive velocity of money (i.e. bitcoin) from Bitcoin Days Destroyed?
vi.su.
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How can determine the fundamental theoretical value of the Bitcoin based on steady state daily velocity (BTCDD)?
The VISA network (VisaNet) supports 4.4 Trillion dollars of commerce per year (2009). If we assume (somewhat arbitrarily), that the Bitcoin Days Destroyed metric approaches 50% (half of all coins are used every day, on average, to facilitate…
Andrew Jones
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How does the standard client prioritize transactions?
I've heard that the standard client prioritizes which transaction to relay based on the Bitcoin Days Destroyed and the fee paid on the transaction, but what is the exact formula used to determine which transaction has higher priority? That is, how…
ThePiachu
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What does a comparison of Bitcoin Days Destroyed say about Bitcoin vs Namecoin vs SolidCoin?
The Abe blockchain explorer provides statistics for percentage bitcoin days destroyed, using the generic term "% CoinDD". Currently Bitcoin is 36.1245%, Namecoin is 41.5547%, and SolidCoin is 47.0952%.
My guess is that the relatively high numbers…
nealmcb
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What was the longest held UTXO ever spent?
What output had the longest period between when it was created and eventually spent?
dpc.pw
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How can I measure the "health" of Bitcoin?
What are the metrics that matter when evaluating the overall "health" of Bitcoin?
What are the thresholds?
Specifically
Economic (e.g. velocity, days destroyed, market volume & beta)
Technical (e.g. rate of difficulty change, block size, tx fees,…
makerofthings7
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Can we interpret a rolling average transaction count per block as the 'adoption curve' for Bitcoin?
It is widely accepted that Bitcoin is both a transaction network, and a currency subject to speculative market action like established fiat currencies. In a sense, it is a transaction network with a 'capacitor' in the middle, which happens to be…
Andrew Jones
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How to calculate bitcoin days destroyed percentage
I understand the concept of bitcoin days destroyed but on the wiki
https://en.bitcoin.it/wiki/Bitcoin_Days_Destroyed
And the site calculating it
http://abe.bitcoinstats.org:2750/
They give a percentage which is the coin days vs block number. Can…
q99ujacw
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BTC Days Destroyed, Lifo or Fifo?
Imagine I've got 100 BTC in my wallet, which I accumulated at different points of time. When spending a fraction of my BTC, e.g. 10 BTC, which one of my 100 BTC do I actually spent? The last one I accumulated (Lifo)? The first one I accumulated…
lifofifo
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Is there a "Total Bitcoin Days" metric?
Recently people have been talking about Bitcoin Days Destroyed. I am curious, is there a place I can find out something like Total Bitcoin Days: the number of days since each bitcoin has moved, all added together?
EDIT:
I am aware of Bitcoin Days…
Anonymous
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Pricing in "Bitcoin days destroyed"
Is it possible to use "Bitcoin days destroyed" as unit of currency? If yes, how to price anything using this? If no, why not?
vi.su.
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Where can one download Bitcoin Days Destroyed data? Alternately where to get data to calculate BDD?
I'm trying to find a source of downloadable (preferably csv) data for Bitcoin Days Destroyed. Alternately I can calculate it myself provided I can find the constituent data.
In particular, I want to calculate dormancy which is total number of days…
MHall
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