----- Original Message -----
From: Viking Coder <[EMAIL PROTECTED]>
To: e-gold Discussion <[EMAIL PROTECTED]>
Sent: Thursday, June 14, 2001 6:54 PM
Subject: [e-gold-list] Two stats charts
> I've included 2 stats charts.
>
> http://sothor.pair.com/treetop/6_13stats.gif
>
> http://sothor.pair.com/treetop/6_13velocity.gif
>
> e-gold is currently experiencing a major surge in spends without a
> corresponding surge in accounts accessed or an unusual surge in velocity.
>
>
> Viking Coder
Isn't velocity the number of times a unit of currency is used per unit of
time? M*V=Y*P where V is the velocity of money, M is the money stock, Y is
nominal output or transactions. V thus equals Y*P/M.
A rise in gross transactions while the number of spends is contant implies
an increase in the average spend. Y may be defined as n*y where n is the
number of transactions and y is the average transaction size (i.e. Y=y*n).
If Y is increasing and n is constant, y must be increasing proportionately.
What would really help is a breakdown of daily spends by value, especially
the value spent in transaction worth less than US$50 and the number os
spends greater than US$50 worth to calculate transaction fee revenue. I
suppose that most consumer internet transactions are worth less the US$50
worth, and that most commercial transactions would be greater than US$50
worth.
David Hillary
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