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. From this we can yield both the incremental and the cumulative total cointime-weighted value in each of the three supply regions.

This yields 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

Coined By

This metric was developed within the Cointime Economics framework for Bitcoin. This project was 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).