Obi Nwosu recently shared the definitions of metrics to use to measure success of creation of Bitcoin circular economies. And I dig it.

  • Local Superbitcoinization = 21% of the economically productive segment of a community using Bitcoin weekly.
  • Local Hyperbitcoinization = 51% of the economically productive segment of a community using Bitcoin daily.

What do you think? Is this THE definition we should all use? :)


Notes:
  • "Using Bitcoin" excludes investing, holding and saving. So mainly transacting.
  • "Economically productive" is defined internally as people capable of work. So not children, the retired, or those who are otherwise unable to work.

Big fan of hard definitions. This one seems reasonable.

But I personally would prefer longer timeframes than day/week. Also "economically productive segment of a community" seems very narrow. If children buy their candy with Lightning or retirees buying with Bitcoin should both count too imo.

I don't even think you have superbitcoinzation in El Salvador in most places, does anyone have an example? If its bitcoin beach even then they already looking to include stablecoins again

Yeah, I'm wondering if Bitcoin Beach has superbitcoinization. My guess would be not yet.

How about "productive" tax vampires? (Income 100% dependent on taxes).

I'd include those in the calculations :)