Definition. Cointime Economics may be applied within the price domain by valuing coinblocks at the point of creation, destruction, and storage. Since coinblocks are fungible, we can value all coinblocks directly against the spot price at the time of inclusion in a block, yielding the concept of Cointime Value, with units of 'dollarblocks'. This chart presents the all-time cumulative sum of all three regions of coinblock-value:

• 🟪 Cumulative Dollarblocks Created
• 🟥 Cumulative Dollarblocks Destroyed
• 🟩 Cumulative Dollarblocks Stored

Technical. Each trace accumulates the daily price-weighted coinblock volume from genesis:

• Total Coinblock Value Created = cumsum(Price x CBC)
• Total Coinblock Value Destroyed = cumsum(Price x CBD)
• Total Coinblock Value Stored = cumsum(Price x (CBC - CBD))

Interpretation. These cumulative dollarblock aggregates measure the total economic weight of cointime that has ever been created, expended, and stored on the network. Their ratios carry meaning within the framework: the destroyed-to-created ratio is the price-weighted analogue of Liveliness, and the ratio of cumulative dollarblocks destroyed to cumulative coinblocks stored yields the Cointime Price. The relative growth rates of the three curves describe whether the network's accumulated economic dormancy is being built up or drawn down across market eras.

Notes. Built from Coinblocks Created and Coinblocks Destroyed. The daily (incremental) view is charted in Cointime Value Created / Destroyed / Stored, and the derived pricing model in Cointime Price (Blummer Price). Developed within the Cointime Economics framework for Bitcoin, a joint venture between Glassnode and ARK Invest, with full details available in two formats: an overview primer (Version I published via ARK) and a comprehensive guide for specialists (Version II published via Glassnode).