That's the second entry so far, Jeff --- you may win by default! I'm sure, though, the curve for e-gold daily transactions would have to be fitted to some sort of quadratic? >This can't be right but ... using all the VERY spotty data I have >Total Days USD >0 878,826 >12 1,406,435 >20 1,505,357 >26 2,579,490 >34 1,074,743 >67 1,375,354 > >And using the Canadian dollar that trades about 200,000 contracts per day >http://futures.tradingcharts.com/chart/CD/M >Each contract is worth 100,000 Canadian dollars or about 66,000 USD. >200,000 x 66,000 = 1.3e10 > >A simple linear regression results in y=ax+b >y=3396x + 1380028 >((1.3e10 - 1380028)/3396)/365 = 10,000 years > >But maybe the contracts are double counted (a trade has a buyer and seller so >that volume might = 2?) so maybe 5,000 years > >Answer, using my simple 6 points of data, a really long time because this set >of data has a pretty flat slope. If you only use the first 4 rows of data, >e-gold could rival CD in 300-600 years :) > >Right now daily e-gold turnover is 0.01% (one one hundredth of a percent) of >Canadian dollar turnover. That's pretty good considering. > >Thanks, Jeff > >[EMAIL PROTECTED] wrote: > >> Well, we have ONE answer in for the stats contest! Not the longest >> answer, but that will win it if it's the only one! >> >> >Hello >> > >> > >> >Answer to your contest question - Some time between 8 and 9 months >> >from now. -Barb >> >> >jic> "When will the daily transaction volume >> >jic> of e-gold first begin to rival the daily >> >jic> transaction volume of one of the smaller >> >jic> national currencies?" >> >> --- >> You are currently subscribed to e-gold-list as: [EMAIL PROTECTED] >> To unsubscribe send a blank email to [EMAIL PROTECTED] > > >--- >You are currently subscribed to e-gold-list as: [EMAIL PROTECTED] >To unsubscribe send a blank email to [EMAIL PROTECTED] ----------------------------------------------------------- "A government that robs Peter to pay Paul can always depend upon the support of Paul." -- George Bernard Shaw --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED]
