Fake Transaction Chains Double 2014 Bitcoin Volume
2014 is the end of Bitcoin's sixth year. Analysts at the Coin Cadence Bitcoin Index compiled Bitcoin's transaction data for the past six years. In 2014 Bitcoin Transaction Volume Doubled; growing 45.5%. Apparently, fake transaction chains could account for up to 50% of this network traffic. Critical minds in the community are quick to point out the pros and cons of using transaction volume as a metric for growth. Primarily, that a transaction can be "fake" if sending coins back to yourself to no economic end. Effectively, its taking money from your left pocket and putting it in your right.....
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