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RE: SHITCOIN BAG HOLDERS

in #shitcoins6 years ago (edited)

Good question.

Transactions themselves are not what we're trying to measure. The important thing we need to measure is usage. Transactions themselves are a noisy indicator, all usage involves transactions but not all transactions represent usage. We have to use transactions as a proxy, in combination with other forms of evidence of usage.

In order to try and work out if transactions represent usage, you can observe other supporting evidence. For example, in Steem we can be sure of real world usage not only because of the transactions themselves but also traffic to the websites that produce Steem transactions.

https://www.alexa.com/siteinfo/steemit.com

https://www.alexa.com/siteinfo/neo.org

If there is a more trafficked website for NEO please let me know.

I addressed this issue relating to Dogecoin in a recent comment.

https://steemit.com/cryptocurrency/@demotruk/re-rogerkver-is-dogecoin-more-popular-than-bitcoin-cash-20180605t111213835z

Reveal spoiler

If there is legitimate financial activity going on on a chain you should be able to see it in other ways. For example web traffic to Dogecoin related sites.

Dogecoin.com is dead.

The Dogecoin subreddit is dead, with a new post every few hours:

https://www.reddit.com/r/dogecoin/new/

There is far more activity on https://www.reddit.com/r/btc

Given the lack of evidence of activity within Dogecoin, I would say the burden of proof is on those making the argument that the transactions represent economic activity.

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@demotruk really? web traffic

Web traffic is evidence that people are using something. Do you disagree with that?

@demotruk then neo has the advantage NEO.png

You're going to have to explain how this is evidence of NEO being used.

Steemit.com is a place where people interact with the Steem blockchain. Web traffic corroborates the existing transaction data. I'm not sure what the data you're presenting shows.

@demotruk Economic model is what makes the difference of both projects,NEO, with a total of 100 million tokens, represents the right to manage the network all activity is recorded this is evidence of NEO being used