Jan 17, 2021
Commentators and analysts who say bitcoin is in a “bubble” show they don’t understand what the term means.
Bitcoin days destroyed (BDD) was first introduced as a concept back in 2011. At the time, it had only been two years since the creation of the world’s first cryptocurrency, bitcoin. Individuals were already beginning to innovate ways to measure on-chain transaction activity and value.
The combined forces of passionate communities with potent tools, and the deepening involvement of institutions, make successful bans less likely.