Is Tim Swanson Right That Bitcoin Hoarding Is Bad?

By November 27, 2014 Bitcoin Politics

Tim Swanson Numbers blogger Tim Swanson recently used Bitcoin blockchain data graphs generated by John Ratcliff to declare that 70% of existing bitcoins have not been spent in six months.

He wrote that the data provides a “sobering chart” for those who want Bitcoin to grow. In his opinion, if all currency is not being spent like a hot potato—quickly hopping from one person to the next—this is a bad sign for a currency’s future […]

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