Topic: Bitcoin wealth distribution (Read 1160 times)
It seems to me that a lot of individuals could use tricks to make it so it appears they are more than 1 person when in actuality it's a small number of people who have most of the coins. This is a concern of mine as the price begins to take off.
You're making a mess of this.
Satoshi Nakamoto owns a few hundred if not thousands addresses that contain the block rewards since in the begging he was one of the few miners , if not the only one at start.
Those coins haven't moved.
The wallet tagged DPR seized coins are indeed the coins from the SR , and we have the FBI statement on this.
The Winki brothers have stated they own more than 100k coins.
The mess with the BTC-E coins is with the coins from the Sheep Market scam.
Also since you like Rpietila posts:
https://bitcointalksearch.org/topic/bitcoin-top-500-richest-321265
Satoshi Nakamoto owns a few hundred if not thousands addresses that contain the block rewards since in the begging he was one of the few miners , if not the only one at start.
Those coins haven't moved.
The wallet tagged DPR seized coins are indeed the coins from the SR , and we have the FBI statement on this.
The Winki brothers have stated they own more than 100k coins.
The mess with the BTC-E coins is with the coins from the Sheep Market scam.
Also since you like Rpietila posts:
https://bitcointalksearch.org/topic/bitcoin-top-500-richest-321265
OK. Got it now.
The Winki ETF is owned by more than one individual, and the total number of coins is exactly 100K. So we can't count him among the 100K+ owners.
No matter if that chart is right or not there is a huge unbalance in bitcoin distribution which has some donwsides of course but doesn't mean much.
So 75% of all the coins is owned by less than 11.000 individuals and 5% lost?
Hell people flocked to it and didn't stop to think that bitcoins value is in transaction usability. If it doesn't get moving its not worth anyithing. Or to rephrase it its is only worth something until the first whale decides to reinvest and dumps his 100.000 coins.
Hell people flocked to it and didn't stop to think that bitcoins value is in transaction usability. If it doesn't get moving its not worth anyithing. Or to rephrase it its is only worth something until the first whale decides to reinvest and dumps his 100.000 coins.
From what I've heard, only one individual (Satoshi ?) is having more than 100 K coins. There is another wallet which is tagged "DPR seized coins", but some people are saying that it actually belongs to BTC-E.
You're making a mess of this.
Satoshi Nakamoto owns a few hundred if not thousands addresses that contain the block rewards since in the begging he was one of the few miners , if not the only one at start.
Those coins haven't moved.
The wallet tagged DPR seized coins are indeed the coins from the SR , and we have the FBI statement on this.
The Winki brothers have stated they own more than 100k coins.
The mess with the BTC-E coins is with the coins from the Sheep Market scam.
Also since you like Rpietila posts:
https://bitcointalksearch.org/topic/bitcoin-top-500-richest-321265
Interesting, fact is the top 10000 guys own more than 75% of coins
For BTC to succeed that % has to drop significantly over time and disperse geographically as well
For BTC to succeed that % has to drop significantly over time and disperse geographically as well
So 75% of all the coins is owned by less than 11.000 individuals and 5% lost?
Hell people flocked to it and didn't stop to think that bitcoins value is in transaction usability. If it doesn't get moving its not worth anyithing. Or to rephrase it its is only worth something until the first whale decides to reinvest and dumps his 100.000 coins.
Hell people flocked to it and didn't stop to think that bitcoins value is in transaction usability. If it doesn't get moving its not worth anyithing. Or to rephrase it its is only worth something until the first whale decides to reinvest and dumps his 100.000 coins.
From what I've heard, only one individual (Satoshi ?) is having more than 100 K coins. There is another wallet which is tagged "DPR seized coins", but some people are saying that it actually belongs to BTC-E.
So 75% of all the coins is owned by less than 11.000 individuals and 5% lost?
Hell people flocked to it and didn't stop to think that bitcoins value is in transaction usability. If it doesn't get moving its not worth anyithing. Or to rephrase it its is only worth something until the first whale decides to reinvest and dumps his 100.000 coins.
People will get bored with it at this pace.
I know it can be divided to the satoshi and price of a single bitcoin is irrelevant from that point of view, but the risk of having these huge whales free to dump at anytime? That is instability that will drive away millions of potential users that spend money on the net.
Hell people flocked to it and didn't stop to think that bitcoins value is in transaction usability. If it doesn't get moving its not worth anyithing. Or to rephrase it its is only worth something until the first whale decides to reinvest and dumps his 100.000 coins.
People will get bored with it at this pace.
I know it can be divided to the satoshi and price of a single bitcoin is irrelevant from that point of view, but the risk of having these huge whales free to dump at anytime? That is instability that will drive away millions of potential users that spend money on the net.
Probably this:
https://bitcointalksearch.org/topic/distribution-of-bitcoin-wealth-by-owner-316297
Pure speculation. Proven wrong when the feds collected the bitcoins from multiple addresses.
https://bitcointalksearch.org/topic/distribution-of-bitcoin-wealth-by-owner-316297
Pure speculation. Proven wrong when the feds collected the bitcoins from multiple addresses.
Yes. I found it quite reliable. And rpietila is a reputed member here, with lots of experience.
And is also known for other things , like spending some time in a mental institution , and let's say I don't trust this 47 number at all.
Also , you consider the FBI , 1 person?
Same for the Winki - something guys?
Probably this:
https://bitcointalksearch.org/topic/distribution-of-bitcoin-wealth-by-owner-316297
Pure speculation. Proven wrong when the feds collected the bitcoins from multiple addresses.
https://bitcointalksearch.org/topic/distribution-of-bitcoin-wealth-by-owner-316297
Pure speculation. Proven wrong when the feds collected the bitcoins from multiple addresses.
Yes. I found it quite reliable. And rpietila is a reputed member here, with lots of experience.
source/proof ?
There is a detailed thread somewhere in Bitcointalk. Right now I can't find it. The OP used some kind of reliable methodology to tag wallets owned by the same individual.
Probably this:
https://bitcointalksearch.org/topic/distribution-of-bitcoin-wealth-by-owner-316297
Pure speculation. Proven wrong when the feds collected the bitcoins from multiple addresses.
source/proof ?
There is a detailed thread somewhere in Bitcointalk. Right now I can't find it. The OP used some kind of reliable methodology to tag wallets owned by the same individual.
I would say less than 47.
Highly probable some of the top 100 addresses are from the same wallet.
Highly probable some of the top 100 addresses are from the same wallet.
No. It is not the number of wallets. It is the number of people.
How can somebody know that there are 47 people holding those coins?
There must be a list with their names also is that's true.
source/proof ?
still? is this current or a bit outdated?
It is just 2 weeks old. So there should not be any major changes.
I would say less than 47.
Highly probable some of the top 100 addresses are from the same wallet.
Highly probable some of the top 100 addresses are from the same wallet.
No. It is not the number of wallets. It is the number of people.
Take a look:
29% of all the Bitcoins are owned by just 47 people!!!!!!!!!!!!!
29% of all the Bitcoins are owned by just 47 people!!!!!!!!!!!!!
I would say less than 47.
Highly probable some of the top 100 addresses are from the same wallet.
Take a look:
29% of all the Bitcoins are owned by just 47 people!!!!!!!!!!!!!
29% of all the Bitcoins are owned by just 47 people!!!!!!!!!!!!!
still? is this current or a bit outdated?
Take a look:
29% of all the Bitcoins are owned by just 47 people!!!!!!!!!!!!!
29% of all the Bitcoins are owned by just 47 people!!!!!!!!!!!!!
I'm curious as to what exactly the pie chart looks like here. I know that just 3 years ago, the distribution was very lopsided to a quite small community. I think it comes down to how disciplined are people who had a lot willing to hold.
Here are my estimates of current distribution:
Mainstream individuals (people with less than 1000 btc's): 30%, Early adopters/whales: 20%, Institution/companies: 20%, government: 5%, mystery/lost: 25%*
*could interchange with gov't
Here are my estimates of current distribution:
Mainstream individuals (people with less than 1000 btc's): 30%, Early adopters/whales: 20%, Institution/companies: 20%, government: 5%, mystery/lost: 25%*
*could interchange with gov't
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