What are “bitcoin days destroyed,” how is it calculated, and what is the significance of this maturity figure?
This question was part of the (late) August monthly live Patreon Q&A session, which took place on September 1st 2018. If you want early-access to talks and a chance to participate in the monthly live Q&As with Andreas, become a patron: https://www.patreon.com/aantonop
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Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and respected figures in bitcoin.
Follow on Twitter: @aantonop https://twitter.com/aantonop
Website: https://antonopoulos.com/
He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters.
THE INTERNET OF MONEY, v1: https://www.amazon.co.uk/Internet-Money-collection-Andreas-Antonopoulos/dp/1537000454/ref=asap_bc?ie=UTF8
[NEW] THE INTERNET OF MONEY, v2: https://www.amazon.com/Internet-Money-Andreas-M-Antonopoulos/dp/194791006X/ref=asap_bc?ie=UTF8
MASTERING BITCOIN: https://www.amazon.co.uk/Mastering-Bitcoin-Unlocking-Digital-Cryptocurrencies/dp/1449374042
[NEW] MASTERING BITCOIN, 2nd Edition: https://www.amazon.com/Mastering-Bitcoin-Programming-Open-Blockchain/dp/1491954388
Translations of MASTERING BITCOIN: https://bitcoinbook.info/translations-of-mastering-bitcoin/
Subscribe to the channel to learn more about Bitcoin & open blockchains!
Music: “Unbounded” by Orfan (https://www.facebook.com/Orfan/)
Outro Graphics: Phneep (http://www.phneep.com/)
Outro Art: Rock Barcellos (http://www.rockincomics.com.br/)
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Andreas..Can you do a video on Fake BTC volumes on exchanges / derivative BTC traded on exchanges ?
Great as always
You, Mister Antonopoulos, are more punk than punk, and I salute you. In this video, I would have loved to know the numbers on what a "good day" vs a "bad day" would be in Bitcoin Days Destroyed. Which, by the way, is a helluva name for a punk band. Bitcoin Days Destroyed.
super, I'm glad to have found your channel, I speak Spanish and with the subtitle in English and its very good pronunciation and didactics I understand it quite well, congratulations for your contribution to the community, greetings from Caracas Venezuela.
Some people say that 0-conf transactions are low-risk as long as it's a low-value payment because few people are going to go through the trouble of crafting a doublespend if the gain is small. Others say that 0-conf transactions are not safe for any payment, because all it takes is a popular wallet adding "attempt a double spend" as a default option, and suddenly 5% of all 0-conf transactions become double spends. Are 0-conf transactions safe for low-value payments?
Hey Andreas,
I think this bitcoin days destroyed metric is really interesting. Blockchain.com took down their chart, do you have any other source?
(https://www.blockchain.com/charts/bitcoin-days-destroyed? is down)
So can you calculate the velocity of Bitcoin per year from the days destroyed? Would be interesting to see how this compares with other currencies.
Is Hodl eventually bad for economy. Wealth locked up in Address, or Hardware wallet is not available to be lent out to people needing to buy a house, Farmer to buy a needed barn, small business to fund inventory. How can that eventually work with this new currency.
is it a problem for the future of bitcoin that for your bitcoins to be safe they have to be kept on something like a hardware wallet?
+aantonop You rock brother.. Thank you for all you do in defining reliable source or perhaps just reliable..
A+
Thanks Andreas. If you can, please adjust the volume of the outro to be on the same level as the video, because I always have to quickly lower the volume before the outro starts to avoid waking the whole house
Wrong. Velocity is assumed constant and maxed per block but the actual occupancy velocity of how much activity occurs is the one you mention.
He can upload videos in 144p and I won't be bothered. AA is a top notch teacher.
One day, in the not to distant future. The saying "Andreas told us about that" will be commonplace. Thank you for all the information you provide.
Question for Andreas:
Back in 2009 I mined 10$ worth of Bitcoin. But I later on destroyed the HDD it was stored on. So approximately 10,000 bitcoins were forever lost. Back than they were about 10 bitcoin per penny.
Is there a way to know how many bitcoins are missing and no longer in circulation?
Much better set!
Hello Andreas, can you make a small video explaining Blockstream and the influence it really has on Bitcoin? Thank you in advance!
Smashed the like
nice chinese camera ?
Please make a video on cpu vulnerability on crypto (spectre and meltdown) all cpus are vulnerable to software attacks