0 sats \ 0 replies \ @SimpleStacker OP 25 Jul 2022 \ parent \ on: MV=PY model of Bitcoin value--what do you think? bitcoin
Yeah, definitely a simple definition of velocity that counts any transaction denominated in Bitcoin, whether it's on-chain or L2.
And yes, would also have to adjust for lost coins, but it's also the same as having a lower velocity because the lost coins never transact!