I don't know if you really want to compare the NZD to Bitcoins as the NZD is a l... | Hacker News

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		Retric on June 16, 2012 \| parent \| context \| favorite \| on: Butterfly Labs Announces Next Generation ASIC Line... I don't know if you really want to compare the NZD to Bitcoins as the NZD is a lot bigger than you might think. Anyway, the New Zealand dollar represents 1.6% of all currency trades globally which is small but not exactly tiny. http://en.wikipedia.org/wiki/New_Zealand_dollar Their M3 is also over 200 billion. I am not sure if that's in NZD or USD but 1 NZD = 0.7901 USD so the difference is not that important. http://en.wikipedia.org/wiki/Money_supply

narcissus on June 17, 2012 [–]

Fair point. To be honest, I just picked the first smallish country I could think of with a stable economy.

Thanks for that data. I guess I still just see tens of millions of dollars movement everyday and think "hey, it's obviously popular somewhere". C'est la vie.

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