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Topic: Distribution of bitcoin wealth by owner - page 10. (Read 153446 times)

newbie
Activity: 37
Merit: 0
Does anyone now hoe the silk road bitcoins will be auctioned?
legendary
Activity: 3052
Merit: 1534
www.ixcoin.net


What?  So the top .1% of Bitcoin holders own nearly 50% of all the Bitcoin wealth?

That's nuts. I think we fiat it's like 1% own around 40% of all fiat.

I think we're heading in the wrong direction here.  Haha!

I wonder what the distribution is gonna look like with so many institutions buying Bitcoin now, albeit many of them may be buying it through Second Market, Fortress or Pantera so it may take a few quarters for us to really get a proper breakdown.  

But I'm gonna stick to my prediction that by Christmas 25% of Bitcoin will be owned by large banks, corps, Hedge Funds, govts, etc and over 50% in the next 18 months.  And since they can't get the .1% to sell very much they're gonna have to steal a lot of it.  

Like the 30,000 BTC going for auction this month, I'm certain institutions will buy those in a secret backroom deal.

And the massive Gox theft, I still say it was the govt and banks colluding and Karpeles was [for whatever reason] complicit with their plan.  

And to support that crazy theory look at the latest news which shows that the Silk Road Bitcoin, DPR Bitcoins and the [stolen] Gox Bitcoins, all moved within 72 hours of each other.  

What are the odds of that?

Late this year but especially next year should be massive for Bitcoin [and cryptos] and we should see massive change which nobody right now can even dream of.
donator
Activity: 1722
Merit: 1036
TL;DR:  As a result of analyzing the "Mt.Gox leak", the number of bitcoin holders is likely 1.0 millions. Of these,
* the 400 bitcoin millionaires with at least BTC2,000 hold 40% of bitcoins.
* 100,000 owners with BTC10-BTC2,000 ($5,000-$1,000,000) hold 50% of the bitcoins.
* 900,000 owners have a holding of BTC0.002-BTC10, valued at $1-$5,000, and hold 10% of the bitcoins


This is NOT a largest addresses/wallets -list, we are talking about largest owners here. An owner can have many wallets, and a wallet can have many addresses.



22. Apr 2014

#People#Bitcoins#TotalBitcoins
70BTC10k+3.6M
930BTC1k-10k2.2M
13kBTC100-1k3.0M
85kBTC10-1002.3M
250kBTC1-100.8M
340kBTC0.1-10.1M
230kBTC0.01-0.10.0M
90kBTC0.002-0.010.0M

So looking at above and doing a little more math, is it also correct to say that:
The top 1% of BTC holders hold 48% of all BTCs?   <- NO, IT's THE TOP 0.1%!! Smiley
The top 9.8% of BTC holders hold 93% of all BTCs?
sr. member
Activity: 442
Merit: 250
Found Lost beach - quiet now
TL;DR:  As a result of analyzing the "Mt.Gox leak", the number of bitcoin holders is likely 1.0 millions. Of these,
* the 400 bitcoin millionaires with at least BTC2,000 hold 40% of bitcoins.
* 100,000 owners with BTC10-BTC2,000 ($5,000-$1,000,000) hold 50% of the bitcoins.
* 900,000 owners have a holding of BTC0.002-BTC10, valued at $1-$5,000, and hold 10% of the bitcoins


This is NOT a largest addresses/wallets -list, we are talking about largest owners here. An owner can have many wallets, and a wallet can have many addresses.



22. Apr 2014

#People#Bitcoins#TotalBitcoins
70BTC10k+3.6M
930BTC1k-10k2.2M
13kBTC100-1k3.0M
85kBTC10-1002.3M
250kBTC1-100.8M
340kBTC0.1-10.1M
230kBTC0.01-0.10.0M
90kBTC0.002-0.010.0M

So looking at above and doing a little more math, is it also correct to say that:
The top 1% of BTC holders hold 48% of all BTCs?
The top 9.8% of BTC holders hold 93% of all BTCs?



legendary
Activity: 3052
Merit: 1534
www.ixcoin.net
......

If he were smart he'd get an Israeli citizenship.  That's what I would do (even though I already have US and EU citizenships) and That would at least give him a chance.

Why did you choose that citizenship?  Israel is more or less in the U.S. pocket.....


Because they fight for theirs like no other nation.  But I'm not sure they would do that if he's not Jewish by blood.

legendary
Activity: 1449
Merit: 1001
......

If he were smart he'd get an Israeli citizenship.  That's what I would do (even though I already have US and EU citizenships) and That would at least give him a chance.

Why did you choose that citizenship?  Israel is more or less in the U.S. pocket.....
sr. member
Activity: 266
Merit: 250
The Gox leak is in no way reliable.

You do need to take into consideration the fact that there are some coins "commingled" together. For example coins at almost every exchange are generally grouped together making it look like few people control a lot of BTC when in reality many people control the BTC in question in relation to the exchanges.

The same is true for mining pools, at least temporary. 
legendary
Activity: 3052
Merit: 1534
www.ixcoin.net
New US law states anyone considered an enemy of the state can be legally targeted and neutralized anywhere in the world WITHOUT due process or even charges levied against them. This applies to even US citizens.

Why is the bold part relevant to Roger Ver?


Because if they can legally kill any US citizen then Roger Ver is a no-name deadman walking with his twobit paid for island passport.  Nobody would even ask:  Why did this man jump off his 40th story balcony?

If he were smart he'd get an Israeli citizenship.  That's what I would do (even though I already have US and EU citizenships) and That would at least give him a chance.
legendary
Activity: 1680
Merit: 1035
New US law states anyone considered an enemy of the state can be legally targeted and neutralized anywhere in the world WITHOUT due process or even charges levied against them. This applies to even US citizens.

Why is the bold part relevant to Roger Ver?
legendary
Activity: 3052
Merit: 1534
www.ixcoin.net
Can we actually get a Distribution of bitcoin wealth by owner or should I unwatch this topic?


That distribution has been given on this thread and updated.



No, I only post and posted only with this alias.

Roger Ver is a sitting duck.

New US law states anyone considered an enemy of the state can be legally targeted and neutralized anywhere in the world WITHOUT due process or even charges levied against them. This applies to even US citizens.

Roger Ver Is still in and has not Disappeared.  I suspect he will become a primary target at some point.
legendary
Activity: 1680
Merit: 1035
He's [Roger] got no clue where this is going.  ZERO.  He's just thinking about profits and I hope he knows when to get out and disappear.

He, uh, has. That's what moving to Tokyo, and then giving up your US citizenship for a passport from some random Caribbean island, and living who knows where now, is - "getting out and disappearing."

But yeah, let's stop this.

Vlad2Vlad, is this your only username, or did you used to post under something else?
legendary
Activity: 3052
Merit: 1534
www.ixcoin.net



This is on-topic since it deals with the future mass distribution of Bitcoin (And Cryptos).  And the biggest reason I knew The Bitcoin ETF was a guarantee from the very beginning.  The Forced Distribution of Bitcoin (cryptos) I've been talking about [for over a year].

In a year or two all the arm-chair experts here will say they all knew this all along.  Haha, while today they're sucking off Satoshi and vomitting the lies of Bitcoin "experts" like Andreas Antonopolous and Roger Ver, who [Satoshi] will prove to be the exact opposite of what he's been worshipped as, the Trojan horse used by the state to rob everyone of their last bastion of freedom:  CASH.

Enjoy:  http://www.zerohedge.com/news/2014-05-27/government-plan-would-transform-israel-world’s-first-cashless-society

Ok, wtf are you talking about? Forced distribution of cryptos? (Is that even possible) Or should I not even ask? (By the way, I know Roger personally, and the idea that he, an extreme anti-government volyntaryist who went so far as to renounce his US citizenship, is a state supporter is frankly idiotic and insulting)


Unwittingly supporting the state.

He's got no clue where this is going.  ZERO.  He's just thinking about profits and I hope he knows when to get out and disappear.
member
Activity: 77
Merit: 13
So when are you guys going to stop replying to Vlad2Vlad? I've had him on ignore for a while, and you're all still shitting all over this thread. Please stop.
legendary
Activity: 1680
Merit: 1035



This is on-topic since it deals with the future mass distribution of Bitcoin (And Cryptos).  And the biggest reason I knew The Bitcoin ETF was a guarantee from the very beginning.  The Forced Distribution of Bitcoin (cryptos) I've been talking about [for over a year].

In a year or two all the arm-chair experts here will say they all knew this all along.  Haha, while today they're sucking off Satoshi and vomitting the lies of Bitcoin "experts" like Andreas Antonopolous and Roger Ver, who [Satoshi] will prove to be the exact opposite of what he's been worshipped as, the Trojan horse used by the state to rob everyone of their last bastion of freedom:  CASH.

Enjoy:  http://www.zerohedge.com/news/2014-05-27/government-plan-would-transform-israel-world’s-first-cashless-society

Ok, wtf are you talking about? Forced distribution of cryptos? (Is that even possible) Or should I not even ask? (By the way, I know Roger personally, and the idea that he, an extreme anti-government volyntaryist who went so far as to renounce his US citizenship, is a state supporter is frankly idiotic and insulting)
legendary
Activity: 3052
Merit: 1534
www.ixcoin.net



This is on-topic since it deals with the future mass distribution of Bitcoin (And Cryptos).  And the biggest reason I knew The Bitcoin ETF was a guarantee from the very beginning.  The Forced Distribution of Bitcoin (cryptos) I've been talking about [for over a year].

In a year or two all the arm-chair experts here will say they all knew this all along.  Haha, while today they're sucking off Satoshi and vomitting the lies of Bitcoin "experts" like Andreas Antonopolous and Roger Ver, who [Satoshi] will prove to be the exact opposite of what he's been worshipped as, the Trojan horse used by the state to rob everyone of their last bastion of freedom:  CASH.

Enjoyhttp://www.zerohedge.com/news/2014-05-27/government-plan-would-transform-israel-world’s-first-cashless-society
legendary
Activity: 1680
Merit: 1035
Everyone, eh?

Please, show me just one post by just one other guy who said (last year, before Bitcoin blew up) the Bitcoin ETF was a guarantee.

I'm not going to drudge the forum just for that. But the ETF was talked about quite a bit at the San Jose conference last May, to which the Winklevoss twins were even invited to make a speech at. I'm just saying you are not "the only human on earth" who believed that bitcoin replacing current finance was inevitable. Why do you think so many people put hundreds of thousands into it back when it was just $10 or less? (wish I was one of them)

Lol, after the fact everyone is a genius.  Everybody knows now it was a sure thing.  Haha, I even said this [about armchair wannabes] last year as I was being called insane for these very predictions.

Yes, many people didn't think Bitcoin was a sure thing. Most have never even heard of it. But TONS of people who are still active with forum signup dates from even before yours believed in it just as you do (very likely the OP included). Point is you're not special. Smart, good insight, but not unique. Be a part of a proud group of visionaries, not a "look at me! I alone predicted this and you are all morons" douchebag.

The Winklevoss Twins went to Harvard for Economics, yet you think they're "nerds", and will have their own ETF, named after them, on Wall Street, but they're not bankers?

Yes. There's a difference between the likes of J.P. Morgan/Rockefeller, and Winklevoss/Bill Gates/some other stupid-rich computer nerd. Bill Gates is even richer than them. Don't tell me he's not a total nerd.
legendary
Activity: 3052
Merit: 1534
www.ixcoin.net
Bitcoin is gonna be listed on Nasdaq [on Wall Street]. [i was the only human on earth last year saying the Public ETF was a guarantee].

I'm pretty sure everyone was saying it was a guarantee, and many were saying bitcoin replacing USD was a guarantee. The only question was how long it was going to take. A lot of people were pretty sure it wouldn't take longer than a year or two after Winklevi started working on theirs. Plus getting listen on Nasdaq isn't the same as "on Wall Street." They list it there, and everyone else, Wall and Main Streets, buy and trade. Plus I wouldn't call the Winklevi, or the other guys starting the competing ETF, Wall Street bankers. They're nerds like us.


Also, this is getting terribly off-topic.



Everyone, eh?

Please, show me just one post by just one other guy who said (last year, before Bitcoin blew up) the Bitcoin ETF was a guarantee.

Lol, after the fact everyone is a genius.  Everybody knows now it was a sure thing.  Haha, I even said this [about armchair wannabes] last year as I was being called insane for these very predictions.

Getting listed on Nasdaq isn't going to Wall Street?  Why, cause Nasdaq is now automated and electronic?

Hahahaa.

The Winklevoss Twins went to Harvard for Economics, yet you think they're "nerds", and will have their own ETF, named after them, on Wall Street, but they're not bankers?

Economists [worth $300 million] with their own ETF on Wall Street but they're nerds and not Bankers.  

Hahahaaa.

At any rate, this is way off topic so let's stop bullshitting.
legendary
Activity: 2324
Merit: 1125

Also, this is getting terribly off-topic.

Yeah I just checked what topic this was in and was slightly surprised.
legendary
Activity: 1680
Merit: 1035
Bitcoin is gonna be listed on Nasdaq [on Wall Street]. [i was the only human on earth last year saying the Public ETF was a guarantee].

I'm pretty sure everyone was saying it was a guarantee, and many were saying bitcoin replacing USD was a guarantee. The only question was how long it was going to take. A lot of people were pretty sure it wouldn't take longer than a year or two after Winklevi started working on theirs. Plus getting listed on Nasdaq isn't the same as "on Wall Street." They list it there, and everyone else, Wall and Main Streets, buy and trade. Plus I wouldn't call the Winklevi, or the other guys starting the competing ETF, Wall Street bankers. They're nerds like us.


Also, this is getting terribly off-topic.
legendary
Activity: 2324
Merit: 1125

We somewhat think alike.  Even as a child I never wore the jersey of some famous player.  It greatly bothered me. It made me feel like I was beneath them or I could never be greater than them.  It would anger me to think of having their name or number stamped on my back like an animal.  I admired great people, for a short while, but never idolized them for I found flaws and problems in them all.

When playing football all the other kids would say I'm [Famous player 1], I'm [famous player 2] etc. I would say I'm [my own name] and then if I did something good I would joke about beating the famous players they were supposed to be Cheesy

Everyone must have thought I was weird Smiley


Ahahahaa.


Very similar to how I felt.  That's a very good thing actually as long as it doesn't manifest into runaway arrogance and self love.

I think people idolize others too much and in a way to think of yourself as equal is healthier than being obsessed with celebrities.   I believe God made us all and we are all equal in this world.  It changes how we see ourselves and others around us and especially those that are famous or esteemed just for their wealth, looks, money etc.


I certainly don't believe we are are equal. Some people are more equal than others Wink
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