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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 [😭]. LN is also operating with < 5k BTC in routable capacity.

  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. ↩

<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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