OP has a lot of maths there. I think OP's approach is owning a "percentage of all coins". It doesn't take into account of the demand for bitcoin and price of bitcoin. If bitcoin is worth $300, 400btc is a lot, whereas bitcoin is $50, 400btc is not.
Yeah back in the day 800 coins were next to shit nothing. Nobody expected BTC to even reach dollar parity let alone 1000. It could go to 1MM in the future and then 800 is tonnes. 
Topic: ❢❢❢ How many coins is a lot? (Finally, answer inside!) (Read 4242 times)
q: how many coins is a lot?
answer: at least 5x the amount that the people around you have
simple
answer: at least 5x the amount that the people around you have
simple
Following. Nice methodology. Sometimes when you cannot observe the stuff directly, it is indeed valuable to construct the distribution solely based on theory, maths and bounds. Otherwise you have nothing to play with, and obviously something is better than nothing, if you know the limits of the something.
My current understanding of the number of bitcoin owners is in the ballpark of 2-5 million (many services report that many wallets), but when we put this into the Gini perspective, the results show that only about 100k own a meaningful amount.
In Satoshi Roundtable, my closing comment was that Bitcoin early adopter period (usually defined as the first 0.1%-2.5% of the eventual adoption of the technology) is hopefully about to begin in 2015 (innovator stage of the 0-0.1% being soon fulfilled
)
My current understanding of the number of bitcoin owners is in the ballpark of 2-5 million (many services report that many wallets), but when we put this into the Gini perspective, the results show that only about 100k own a meaningful amount.
In Satoshi Roundtable, my closing comment was that Bitcoin early adopter period (usually defined as the first 0.1%-2.5% of the eventual adoption of the technology) is hopefully about to begin in 2015 (innovator stage of the 0-0.1% being soon fulfilled
)Don't you think that the innovators are the first 2.5%? Currently we are at about 0.025% if we say there are 2 million users with 8 billion people worldwide.
Something like this is my only real reference: http://www.ou.edu/deptcomm/dodjcc/groups/99A2/theories.htm but I'd love to hear more of your opinion on the matter.
Following.
bump
Wow...I couldn't grasp all the calculation despite having read through until the end but hey, that's a nice figure. For me, even if I have 1000, I will still yearn for more. Nothing is a lot of me.
Following. Nice methodology. Sometimes when you cannot observe the stuff directly, it is indeed valuable to construct the distribution solely based on theory, maths and bounds. Otherwise you have nothing to play with, and obviously something is better than nothing, if you know the limits of the something.
My current understanding of the number of bitcoin owners is in the ballpark of 2-5 million (many services report that many wallets), but when we put this into the Gini perspective, the results show that only about 100k own a meaningful amount.
In Satoshi Roundtable, my closing comment was that Bitcoin early adopter period (usually defined as the first 0.1%-2.5% of the eventual adoption of the technology) is hopefully about to begin in 2015 (innovator stage of the 0-0.1% being soon fulfilled )
My current understanding of the number of bitcoin owners is in the ballpark of 2-5 million (many services report that many wallets), but when we put this into the Gini perspective, the results show that only about 100k own a meaningful amount.
In Satoshi Roundtable, my closing comment was that Bitcoin early adopter period (usually defined as the first 0.1%-2.5% of the eventual adoption of the technology) is hopefully about to begin in 2015 (innovator stage of the 0-0.1% being soon fulfilled
) 
Corrected. It's the middle of the night here. I'm exhausted. 
Those who liked? Not those who agreed with the calculations for mathematical reasons?
Thank you all who agreed with the calculations for mathematical reasons in the OP.
Posted an update. Bumped Gini to the very ruthless level of 0.95. Added another caveat. Enjoy!
Posted an update. Bumped Gini to the very ruthless level of 0.95. Added another caveat. Enjoy!
too bad bitcoin is worse than the worst country on earth for wealth distribution in my opinion....
I agree. I think Gini = 0.9 might be too low. I'll adjust my calculations.
What if bitcoin reaches a semi-decent adoption (used by 200M or so people), will someone be well-off with 40btc?
Oh yes, certainly.
21 million coins, divided by 200m means everyone will have just about 0.1 coins in average.
40 bitcoins would be quite a large sum then.
What if bitcoin reaches a semi-decent adoption (used by 200M or so people), will someone be well-off with 40btc?
Just do the math! In your scenario an average user has 0,105 bitcoins.
What if bitcoin reaches a semi-decent adoption (used by 200M or so people), will someone be well-off with 40btc?
too bad bitcoin is worse than the worst country on earth for wealth distribution in my opinion....
So you are a communist or you just don't understand how the fiat economy works? 
That makes me hold even harder 
Thanks for this analysis/theory, I think also .10 btc is a lot or also 10 euros ( you can be rich also with 20 dollars).
too bad bitcoin is worse than the worst country on earth for wealth distribution in my opinion....
awesome post that gets me thinking.....
gotta get me some more coins
gotta get me some more coins
Appreciate the approach here
Jump to: