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Using the quantity of BTCs to cross the wire isn't a very good metric for calculating turnover. Right now we are seeing record levels of transactions but even much higher record levels of bitcoins transferred. Though most of these transfers could be the response to the tone bitcoiner losing 25K to theft. Simply moving bitcoins from one wallet to a more secure wallet, even on the same computer, will appear no different from a payment sent halfway around the world. One method to measure transaction volume is the Bitcoin Days Destroyed metric. - There is no publicly available data feed or chart yet but the source to compute it is open source.
Toggle Commented Jun 16, 2011 on Bitcoins and PCs at Digital Money
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Jun 16, 2011