Back to basics: How many people have bitcoins? - page 2.

RationalSpeculator

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This bull will try to shake you off. Hold tight!

Quote from: solex on August 03, 2013, 11:29:50 PM

Quote from: randrace on August 03, 2013, 11:13:11 PM

Quote from: Kazu on August 03, 2013, 10:51:20 PM

I have over 20 addresses with BTC in them, counting my 'change' addresses. I.e, this thread is the exact opposite of 'rational speculation'

Okay, so let's spitball this. I have used somewhere around 20 addresses since March. In the name of irrational guesstimation, let's say each current user has used 20 addresses. So using RationalSpeculator's 60k figure, that gives us 3000 users. Seems low. Any other ideas out there?

That chart is per day. Not cumulative. The total number of addresses is in the millions- but I don't see an aggregate number. Looks vaguely like 40m, so that would be 2 million users. Seems a bit high, but realistic.

Thanks for correcting. Where did you find the 40 million?

RationalSpeculator

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Activity: 294

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This bull will try to shake you off. Hold tight!

Quote from: Kazu on August 03, 2013, 10:51:20 PM

I have over 20 addresses with BTC in them, counting my 'change' addresses. I.e, this thread is the exact opposite of 'rational speculation'

Passive-aggressive behavior

solex

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100 satoshis -> ISO code

Quote from: randrace on August 03, 2013, 11:13:11 PM

Quote from: Kazu on August 03, 2013, 10:51:20 PM

I have over 20 addresses with BTC in them, counting my 'change' addresses. I.e, this thread is the exact opposite of 'rational speculation'

Okay, so let's spitball this. I have used somewhere around 20 addresses since March. In the name of irrational guesstimation, let's say each current user has used 20 addresses. So using RationalSpeculator's 60k figure, that gives us 3000 users. Seems low. Any other ideas out there?

That chart is per day. Not cumulative. The total number of addresses is in the millions- but I don't see an aggregate number. Looks vaguely like 40m, so that would be 2 million users. Seems a bit high, but realistic.

randrace

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Activity: 329

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LTC -> BTC -> Silver!

Quote from: Kazu on August 03, 2013, 10:51:20 PM

I have over 20 addresses with BTC in them, counting my 'change' addresses. I.e, this thread is the exact opposite of 'rational speculation'

Okay, so let's spitball this. I have used somewhere around 20 addresses since March. In the name of irrational guesstimation, let's say each current user has used 20 addresses. So using RationalSpeculator's 60k figure, that gives us 3000 users. Seems low. Any other ideas out there?

Kazu

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Merit: 100

I have over 20 addresses with BTC in them, counting my 'change' addresses. I.e, this thread is the exact opposite of 'rational speculation'

RationalSpeculator

sr. member

Activity: 294

Merit: 250

This bull will try to shake you off. Hold tight!

Someone said 10 million people used bitcoins, that sounded plausible until I realized that's 0.14% of the global population, which seems way too many, and a valuation of bitcoin at $1 billion way too low for such a coverage.

Upon researching I discovered 'Number of unique Bitcoin Addresses Used' on blockchain charts.

Seems like a plausible representation of how many people own bitcoins. Many have more than one address they use but that graph is likely not showing unused addresses that do represent people with bitcoins.

So it's at 60k, it was at 30k in 2012 before the bubble. And at 10k after the 2011 bubble.

That seems believable, around 60k people own bitcoins.

Would you agree? Or do you think it's more or less?

Topic: Back to basics: How many people have bitcoins? - page 2. (Read 8279 times)