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123 sats \ 1 reply \ @optimism 7h \ parent \ on: Why people are cheering up for El Salvador BTC reserve ? bitcoin
Yeah that part largely underlines what Darth said about "90% hoarded" too above.
However, unlike gold, Bitcoin's definition is in the hands of those who accept it in trade.
I like this principle from Voskuil. The question I have: at what % liquid Bitcoin does this fail? It could be lower than 10%, because I suspect that we're probably close to that already 1. LN is also operating with < 5k BTC in routable capacity.

Footnotes

  1. I expect to have more data later when cloudflare isn't being the single point of failure we've talked about for years; I was hoping to get a glance at https://studio.glassnode.com/dashboards/cointime-economics - but no, lol. ↩
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21 sats \ 0 replies \ @optimism 5h
<ot>imagine finally getting your link served only to find that you need a premium account to access it</ot>
Best one without being paywalled I could find quickly was from chainexposed.com
Does anyone have a good script? If not exist, I'll put it on my todo.
Either way, I was wrong about how much utxo are hoarded... almost 40% is younger than a year.
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