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Tuesday, January 12, 2021

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Pathfinder

"(As I never tire of noting, more people use Linden Dollars in Second Life than use Bitcoin every day.)"

That statement is absolutelly no longer true. You wrote that article back in March 2015. Since then, the number of BTC transactions per day has risen from 100k to 350k. And the value of 1 Bitcoin has risen from $235 to $39,000.

In the past 24 hours, the volume of BTC transactions was worth 60 *billion* dollars.

The world of crypto and BTC has changed a lot since 2015.

For Reference, see https://coinmarketcap.com/currencies/bitcoin/markets/ and https://www.blockchain.com/charts/n-transactions

Nodoka Hanamura

Ah yes, because when I think valuable investments, I think of the fucking Sitting Simulator. One would be better off investing in VRChat.

Wagner James Au

> the number of BTC transactions per day has risen from 100k to 350k

Yes, and the number of active and monetized SL users who spend L$ on a regular basis is roughly 400,000, often several times in a single session, with about 100,000 of those users spending a LOT of L$. Philip's often made a similar point about L$ vs. BTC.

You're right about the market value of BTC but that brings us back to the point of Yes, but how many people are actually using it as money? The speculation bubble disincentives its use to buy goods and services, cuz HODL.

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Wagner James Au
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