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2016 Looks Like The Year Bitcoin Transactions Peaked
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Every quarter I check to see how many people actually use the virtual currency Bitcoin as money, and for Q4 2016, not much has changed: around 150,000-250,000 daily transactions. Meaning at most, some 100,000 unique Bitcoin users, give or take, in the entire world. Meaning that Linden Dollars, with its 400,000 people regular users in Second Life (as insiders tell me), is still larger than Bitcoin.
For Bitcoin zealots -- and there are many, or at least, active enough to seem like many -- the trends look even worse when you look at this quarter compared not to the last twelve months, but since the time Bitcoin first virtually existed, in 2009:
In that case, you got fairly strong (if modest in absolute terms) growth in 2015, and then in 2016, the hockey stick sharply breaks. And this despite the fact Bitcoin-oriented startups got over $1 billion in investments last year. That's right: At this point, way more US dollars have been spent on Bitcoin than Bitcoin has been spent Bitcoin on Bitcoin. (So to speak.)
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