The best we can do is guess. That's a sad reality about economics. Or happy... I can see reasons why that's a happy reality too.
Most guessing for the USD (no idea about btc) is based on loan origination. There's a "velocity of money," which is also a best guess, which you multiply by the loans created by banks minus loans closed out, to get the guesstimate of how much money is circulating. Vaguely... I haven't done an exercise for this in over ten years.
Bitcoin is going to be even harder to guesstimate. Its probably right to assume most transactions aren't reported, and knowing which tx coming out of one utxo is the spend and which is the change is probably mostly guessing.
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Actually... Maybe you don't subtract the closed loans... Ehhh I forgot too much.
yeah, and praise God that bitcoin is as hard to surveill as physical cash, pretty much
some people like to harp on about that subject like mOnErO is so much better but honestly, cash has serial numbers, and it can be dusted with DNA markers to make it possible to quickly identify both whose hands it passed through and where it went. there is countermeasures for both methods in physical bills just as there is dozens of countermeasures for bitcoin
Good points. And monero is interesting, but I think it offers less privacy than coinjoined btc
lol
riiight
cause the movement of cash is recorded on a transparent ledger anyone with an Internet connection can check
Bitcoin
just like cash
also
name one countermeasure you recommend to noobs