Facebook group to estimate number of Bitcoin users - page 3.

GODLIKE

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LOL what you looking at?

Quote from: Kakmakr on August 03, 2015, 04:14:52 AM

Bitcoin is not like Ripple. We do not link social media accounts to our use of crypto currencies. It makes the targeting for hackers easier, if they can link you to Bitcoin and stalk you, to get to your coins. You might not care if it attract criminals, but most of us do.

Would everyone who are asked to join a group that own $100 000 in fiat, do that on social media? No, You would become a victim of a kidnapping or some other criminal action. Anonymity is there for a reason, it protects your financial privacy. Roll Eyes

Nobody knows how much BTC you have.
So don't be afraid to be kidnapped.
And people can't see your IP through Facebook.
The only thing people would know if you join the group would be that you are involved in Bitcoin somehow, that's all.

dollarneed

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i think this is not a best way to estimate number of bitcoin users
as we know that facebook group is best way to spaming link and they could create multiple account for do that,and i think the best way is: estimate based on local exchanger
example:
In my country (indonesian)
There is a big local exchanger here (bitcoin.co.id)
and the member should verification their account wit identity proof (so there is no multiple account here)
and today there are 66.504 members has registered
so we can concluse that indonesian's bitcoiners more than 66.000 peoples
and then we can count the next country
But the problem is not at all countries have their own exchange site

Kakmakr

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Bitcoin is not like Ripple. We do not link social media accounts to our use of crypto currencies. It makes the targeting for hackers easier, if they can link you to Bitcoin and stalk you, to get to your coins. You might not care if it attract criminals, but most of us do.

Would everyone who are asked to join a group that own $100 000 in fiat, do that on social media? No, You would become a victim of a kidnapping or some other criminal action. Anonymity is there for a reason, it protects your financial privacy. Roll Eyes

GODLIKE

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LOL what you looking at?

Quote from: coinpr0n on August 03, 2015, 03:58:23 AM

Quote from: GODLIKE on August 03, 2015, 03:54:25 AM

Quote from: coinpr0n on August 03, 2015, 03:39:14 AM

I don't think it's a good way of gauging the number of people who use bitcoin. I think a better approach would be counting the numbers of customers that KYC wallets/exchanges (eg. Coinbase) have to get a closer number - and even that would be inaccurate and well short of the actual numbers.

Short?
Actually, it looks like people make more than 1 wallet on webwallets.
Also, how can you have more users than wallets?
Anyway, it's been proved that there's a lot more wallets than people, many just register and let it there without funds. They are not Bitcoin adopters, just people that tested it.
Also, many people open many wallets, especially webwallets, I did it myself. I also tried many different clients on my pc and on my smartphone.
So the actual number is probably very inferior to the actual installs of any software and any registrations of webwallets.
This is why wallets are not a good way to estimate the number of USERS actually holding Bitcoins.

By KYC I meant wallets/exchanges that ask for identification like Coinbase. I don't think you can register two verified accounts on Coinbase as the same person. I'm not talking about regular web wallets like Blockchain.info that allow anyone to sign-up with an email.

Edit: Verified users of an exchange may have been a better way to put it.

The problem with this approach is that those users that are verified are, surely, good users of Bitcoin. Probably traders, or venues owners.
BUT, there are a lot of other users that only use a wallet and surely don't want to register with ID check and stuff.

By the way, I came up with this Google Sheet to see how many Android Bitcoin wallets are installed.
I checked the most used wallets but if anybody got some that I jumped please mention it.

Given that Google doesn't disclose the exact amount of installs anymore, I adjusted to the middle of that min-max installs.
Then adjusted again to 70%, just to cut off some people that may have tried more than 1 wallet.
The result is around 1 million.
I would say 1 million of users have at least 1 wallet installed and using it, even if only to hold some coins or just tried it.

Then, we should add the number of pc wallets installed.
And then there's the webwallets.

Sarthak

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Error 404: there seems to be nothing here.

This made me laugh lol..
You can't estimate the number of bitcoin users by making a facebook group.. Counting the number of forum members would yield comparatively better result than number of people who joined the group Cheesy

coinpr0n

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Quote from: GODLIKE on August 03, 2015, 03:54:25 AM

Quote from: coinpr0n on August 03, 2015, 03:39:14 AM

I don't think it's a good way of gauging the number of people who use bitcoin. I think a better approach would be counting the numbers of customers that KYC wallets/exchanges (eg. Coinbase) have to get a closer number - and even that would be inaccurate and well short of the actual numbers.

Short?
Actually, it looks like people make more than 1 wallet on webwallets.
Also, how can you have more users than wallets?
Anyway, it's been proved that there's a lot more wallets than people, many just register and let it there without funds. They are not Bitcoin adopters, just people that tested it.
Also, many people open many wallets, especially webwallets, I did it myself. I also tried many different clients on my pc and on my smartphone.
So the actual number is probably very inferior to the actual installs of any software and any registrations of webwallets.
This is why wallets are not a good way to estimate the number of USERS actually holding Bitcoins.

By KYC I meant wallets/exchanges that ask for identification like Coinbase. I don't think you can register two verified accounts on Coinbase as the same person. I'm not talking about regular web wallets like Blockchain.info that allow anyone to sign-up with an email.

Edit: Verified users of an exchange may have been a better way to put it.

GODLIKE

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LOL what you looking at?

Quote from: coinpr0n on August 03, 2015, 03:39:14 AM

I don't think it's a good way of gauging the number of people who use bitcoin. I think a better approach would be counting the numbers of customers that KYC wallets/exchanges (eg. Coinbase) have to get a closer number - and even that would be inaccurate and well short of the actual numbers.

Short?
Actually, it looks like people make more than 1 wallet on webwallets.
Also, how can you have more users than wallets?
Anyway, it's been proved that there's a lot more wallets than people, many just register and let it there without funds. They are not Bitcoin adopters, just people that tested it.
Also, many people open many wallets, especially webwallets, I did it myself. I also tried many different clients on my pc and on my smartphone.
So the actual number is probably very inferior to the actual installs of any software and any registrations of webwallets.
This is why wallets are not a good way to estimate the number of USERS actually holding Bitcoins.

teddy5145

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To be honest, im not interested on facebook anymore, my facebook profilr is now full of ads from bitcointalk campaign, most of my friends dont use them anymore.
The golden age of facebook is gone

coinpr0n

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I don't think it's a good way of gauging the number of people who use bitcoin. I think a better approach would be counting the numbers of customers that KYC wallets/exchanges (eg. Coinbase) have to get a closer number - and even that would be inaccurate and well short of the actual numbers.

n2004al

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Quote from: GODLIKE on August 03, 2015, 03:30:34 AM

Quote from: Stifler on August 03, 2015, 03:23:24 AM

So you want to guage how many bitcoin users there are by how many people join your facebook group? Looks like a cheap way to try get likes in my opinion.

It's a FB group, you join a group, not like my profile Cheesy

I don't think that it were be some results with this initiative. There are hundred of peoples that don't like Facebook and don't have a profile there. Then, there are other hundred that haven't read this thread and so cannot join because have no knowledge about it. And maybe there must be another third group that are lazy people and don't bother to go to register to this group. I bet that the number of this group will not be more than 300. When the users of bitcoin are at least 1 million (I guess). Let's see how will go !!!

GODLIKE

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LOL what you looking at?

Quote from: everaja on August 03, 2015, 03:28:50 AM

Quote from: GODLIKE on August 03, 2015, 02:05:26 AM

I don't know if this is allowed here, if not I'm sorry for it, just delete the thread.

Anyway, as I'm really curious on how many Bitcoin users are out there and it seems there's no reliable way to estimate it at the moment, I thought this could be a good try.
Quick, easy and inexpensive.
Just ask for subscription, spread the word, and let's see how many will join.

https://www.facebook.com/groups/1153361628014629/

Also, remember: the more we are, the more reputation Bitcoin gains... so it's in our interest to manage to make this estimate.

Its just a newly opened group on Facebook , already few groups that are popular are doing well anyways its a nice initiative to get good quality members , i have already sent a join request.
waiting to get accepted.

Thank you.
Other groups, though, as I wrote, are mostly oriented to give you news about Bitcoin or there are groups to increase awareness on Bitcoinmap, which is good, but different from what is this group aim. I won't be spamming anything, unless things evolve in a different direction. I only want to see how many of us are trusting Bitcoin and, well, don't care so much about "privacy".

I'll keep open the group to see how it goes, it would be nice to have a way to say people: "LOOK! WE ARE 1.5 MILLIONS OF REAL PEOPLE USING THIS." I think this would help somewhat pushing Bitcoin into the mainstream, and FB is a great medium for this.

GODLIKE

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LOL what you looking at?

Quote from: Stifler on August 03, 2015, 03:23:24 AM

So you want to guage how many bitcoin users there are by how many people join your facebook group? Looks like a cheap way to try get likes in my opinion.

It's a FB group, you join a group, not like my profile Cheesy

everaja

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Quote from: GODLIKE on August 03, 2015, 02:05:26 AM

I don't know if this is allowed here, if not I'm sorry for it, just delete the thread.

Anyway, as I'm really curious on how many Bitcoin users are out there and it seems there's no reliable way to estimate it at the moment, I thought this could be a good try.
Quick, easy and inexpensive.
Just ask for subscription, spread the word, and let's see how many will join.

https://www.facebook.com/groups/1153361628014629/

Also, remember: the more we are, the more reputation Bitcoin gains... so it's in our interest to manage to make this estimate.

Its just a newly opened group on Facebook , already few groups that are popular are doing well anyways its a nice initiative to get good quality members , i have already sent a join request.
waiting to get accepted.

Stifler

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So you want to guage how many bitcoin users there are by how many people join your facebook group? Looks like a cheap way to try get likes in my opinion.

peter0021

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Check here https://bitcointalksearch.org/topic/quantitative-analysis-of-total-number-of-users-of-bitcoin-as-a-time-series-179399
Different ways of analysis of Bitcoin users!
This is from the angles of the number of different wallets users.

GODLIKE

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LOL what you looking at?

Quote from: jacktheking on August 03, 2015, 02:26:54 AM

Nice and neat idea you have. However, I wont be joining the group unless I create another new account. I was banned on Facebook for using fake identity last year. I'm not using Twitter as they are like Facebook. As others said in this thread, most Bitcoiner want to stay anonymous. I doubt this group will be able to count the number of Bitcoin users on Earth. Oh also, some country like China ban Facebook.

Mhhhh yeah... maybe it's not such a good idea after all Lips sealed

I'll keep it open for a while and see how it goes...

GODLIKE

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LOL what you looking at?

Quote from: EurGold on August 03, 2015, 02:24:07 AM

Quote from: GODLIKE on August 03, 2015, 02:21:23 AM

Quote from: EurGold on August 03, 2015, 02:16:54 AM

Quote from: DaddyMonsi on August 03, 2015, 02:15:04 AM

are they trying to count how many BTC users or who are the BTC users?
"how many" is fine but "who is" that's a red flag to me if am to be asked

Well if everyone joins a Facebook group then everyone will be identifiable.

Uhhh so what? You scared? Something dirty going on??? Cheesy

Nobody will know the addresses you use anyway when you pay or receive money.
And I don't think everybody will join, an estimate will still be necessary, but I think that if the thing will run, it will get us to a much clearer number than with other methods.

Criminals will probably not join, and that's good Cheesy

So as dotthebeat said, btc users love their anonymity. How are you going to get accurate numbers if half the community will not participate?

Mhhhh ok, but I don't care, in example.
And I'll take that into account when estimating the real number.
I may make a poll on this forum and ask if the user would disclose his Bitcoin adoption or not.

GODLIKE

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LOL what you looking at?

Quote from: dothebeats on August 03, 2015, 02:17:43 AM

Quote from: GODLIKE on August 03, 2015, 02:11:12 AM

Quote from: dothebeats on August 03, 2015, 02:08:32 AM

Quote from: GODLIKE on August 03, 2015, 02:05:26 AM

I don't know if this is allowed here, if not I'm sorry for it, just delete the thread.

Anyway, as I'm really curious on how many Bitcoin users are out there and it seems there's no reliable way to estimate it at the moment, I thought this could be a good try.
Quick, easy and inexpensive.
Just ask for subscription, spread the word, and let's see how many will join.

https://www.facebook.com/groups/1153361628014629/

Also, remember: the more we are, the more reputation Bitcoin gains... so it's in our interest to manage to make this estimate.

Just sent a join request. Btw, is it only made on the 31st of July? Only 51 members at the time of this writing. Also, not so much discussion happening yet.

Ye, I opened it couple days ago, and I only have 100+ friends and added the more open minded of them Cheesy

And only 2/3 of them interested in Bitcoin so of these 50 only these 2/3 remain as real Bitcoin users, but as it's at the beginning I think it's excused I'll try to gain as much attention as possible Cheesy

Well that's good, but I think linking the social media accounts of bitcoin users are not that inviting because you know, bitcoin users want anonymity and all that stuff--linking their social media accounts is actually against that concept. Btw, thanks for accepting my join request. Hope this goes smoothly as possible.

Mhhhh ok I'll try to see if it's possible to render this anonymous, but I think the fact you join the group doesn't affect your privacy settings in any way: if you are not friend of somebody, nothing will be more visible than your name and the other settings you made public.
If you join, people will only know that you have some BTC or you want very much to buy some, and the data you made public anyway.

jacktheking

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Nice and neat idea you have. However, I wont be joining the group unless I create another new account. I was banned on Facebook for using fake identity last year. I'm not using Twitter as they are like Facebook. As others said in this thread, most Bitcoiner want to stay anonymous. I doubt this group will be able to count the number of Bitcoin users on Earth. Oh also, some country like China ban Facebook.

EurGold

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Quote from: GODLIKE on August 03, 2015, 02:21:23 AM

Quote from: EurGold on August 03, 2015, 02:16:54 AM

Quote from: DaddyMonsi on August 03, 2015, 02:15:04 AM

are they trying to count how many BTC users or who are the BTC users?
"how many" is fine but "who is" that's a red flag to me if am to be asked

Well if everyone joins a Facebook group then everyone will be identifiable.

Uhhh so what? You scared? Something dirty going on??? Cheesy

Nobody will know the addresses you use anyway when you pay or receive money.
And I don't think everybody will join, an estimate will still be necessary, but I think that if the thing will run, it will get us to a much clearer number than with other methods.

Criminals will probably not join, and that's good Cheesy

So as dotthebeat said, btc users love their anonymity. How are you going to get accurate numbers if half the community will not participate?

Topic: Facebook group to estimate number of Bitcoin users - page 3. (Read 2800 times)