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Definitions of Local Superbitcoinization and Local Hyperbitcoinization
184 sats \ 5 comments \ @nout 5 Aug 2022 bitcoin
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.
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21 sats \ 0 replies \ @tomlaies 5 Aug 2022
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.
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21 sats \ 1 reply \ @TheBTCManual 5 Aug 2022
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
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0 sats \ 0 replies \ @nout OP 5 Aug 2022
Yeah, I'm wondering if Bitcoin Beach has superbitcoinization. My guess would be not yet.
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0 sats \ 1 reply \ @Lumor 5 Aug 2022
How about "productive" tax vampires? (Income 100% dependent on taxes).
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0 sats \ 0 replies \ @nout OP 5 Aug 2022
I'd include those in the calculations :)
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