Is it true that 90% of current Bitcoins are owned by 50 people?

CoinCidental

legendary

Activity: 1316

Merit: 1000

Si vis pacem, para bellum

Quote from: beaconpcguru on November 29, 2013, 01:43:28 PM

List in inaccurate.. plus you don't think transactions and wallet splits like this aren't common? Such as these.. First address has 20,000 bitcoins split between 200 different addresses with 100 bitcoin in each... the second address recently split off into the third and placed 5000 bitcoin between a number of wallets.

16Zr93wygt7LZ7banf8B7dz3xZkVyFU5RR
1JFxZ3Z5is5ecLQSZwrVzjQiGkg5rBWivw
1CTU2o7QcX3ETqwDXownynNxhx3oxjvewy

i never said the list was up to date and accurate
i dont even know who compliled it

but if it were ever true it would reflect that a vast amount of BTC wealth is controlled by a not too large minority of persons in the community

beaconpcguru

full member

Activity: 189

Merit: 100

Hello

List in inaccurate.. plus you don't think transactions and wallet splits like this aren't common? Such as these.. First address has 20,000 bitcoins split between 200 different addresses with 100 bitcoin in each... the second address recently split off into the third and placed 5000 bitcoin between a number of wallets.

16Zr93wygt7LZ7banf8B7dz3xZkVyFU5RR
1JFxZ3Z5is5ecLQSZwrVzjQiGkg5rBWivw
1CTU2o7QcX3ETqwDXownynNxhx3oxjvewy

mb300sd

legendary

Activity: 1260

Merit: 1000

Drunk Posts

Quote from: CoinCidental on November 29, 2013, 01:11:52 PM

Quote from: mb300sd on November 29, 2013, 12:30:23 PM

Quote from: CoinCidental on November 29, 2013, 12:26:35 PM

http://bitcoinrichlist.com/top100

Remember that its possible quite a few of those addresses may have been lost.

you can see the date the top 50+ richest addresses were last accesed
(most or almost all of them within this month,many just yesterday or even today )

That date is the last received, anyone can send a tiny amount to those addresses. The last spent date is far more useful.

fghj

member

Activity: 65

Merit: 10

Quote from: revans on November 29, 2013, 01:10:34 PM

Quote from: fghj on November 29, 2013, 01:07:01 PM

Quote from: revans on November 29, 2013, 12:33:54 PM

As soon as there is any protracted period of price stability, all the speculative capital gets withdrawn and goes in search in a new bubble

Are we talking about the same bitcoin? Last time I checked every longer period of stability ended in massive (~20x) rally.

In which case it isn't stability is it?

How about spring 2012? For two months rate was ~5.1 it was eternity in bitcoin time there were people trying to get excited when rate moved 0.03$ (0.006%) that's less volatility in BTC/USD than it is normal between fiat currencies.
I see that you registered 11 April, something tells me you must be very butthurt.

CoinCidental

legendary

Activity: 1316

Merit: 1000

Si vis pacem, para bellum

Quote from: mb300sd on November 29, 2013, 12:30:23 PM

Quote from: CoinCidental on November 29, 2013, 12:26:35 PM

http://bitcoinrichlist.com/top100

Remember that its possible quite a few of those addresses may have been lost.

you can see the date the top 50+ richest addresses were last accesed
(most or almost all of them within this month,many just yesterday or even today )

revans

sr. member

Activity: 336

Merit: 250

Quote from: fghj on November 29, 2013, 01:07:01 PM

Quote from: revans on November 29, 2013, 12:33:54 PM

As soon as there is any protracted period of price stability, all the speculative capital gets withdrawn and goes in search in a new bubble

Are we talking about the same bitcoin? Last time I checked every longer period of stability ended in massive (~20x) rally.

In which case it isn't stability is it?

Cyberdyne

hero member

Activity: 630

Merit: 500

Quote from: JTrain_51 on November 29, 2013, 12:58:37 PM

Quote from: CoinCidental on November 29, 2013, 12:26:35 PM

http://bitcoinrichlist.com/top100

Just take a look at this thread
Im pretty sure that the guy at silkroad owns around 1 third of all btc

You mean the FBI guy?

fghj

member

Activity: 65

Merit: 10

Quote from: revans on November 29, 2013, 12:33:54 PM

As soon as there is any protracted period of price stability, all the speculative capital gets withdrawn and goes in search in a new bubble

Are we talking about the same bitcoin? Last time I checked every longer period of stability ended in massive (~20x) rally.

JTrain_51

member

Activity: 84

Merit: 10

Quote from: CoinCidental on November 29, 2013, 12:26:35 PM

http://bitcoinrichlist.com/top100

Just take a look at this thread
Im pretty sure that the guy at silkroad owns around 1 third of all btc

Melbustus

legendary

Activity: 1722

Merit: 1004

It's tough to ID the addresses. On one side, people can obviously control more than one address. On the other, a lot of the big addresses are likely businesses that hold funds for lots of customers; case in point: that ~195,000 BTC transaction the other day is thought to be Bitstamp....so that single address, one of the biggest, really belongs to thousands of people.

MatTheCat

hero member

Activity: 840

Merit: 1000

Quote from: revans on November 29, 2013, 12:14:05 PM

I read this somewhere but the claim was not sourced. Is it true? If not, what's the actually distribution like amongst top 50 holders?

Whether it is true or not, due to increasing computational demands of mining the lionshare of the next 11 million will be mined, and possibly held by large scale corporate or even governmental (China i am thinking off) run operations.

freakying99

sr. member

Activity: 429

Merit: 250

Pythagoras and Plato are my brothers.

Quote from: revans on November 29, 2013, 12:37:54 PM

Quote from: Okurkabinladin on November 29, 2013, 12:34:53 PM

Quote from: revans on November 29, 2013, 12:14:05 PM

I read this somewhere but the claim was not sourced. Is it true? If not, what's the actually distribution like amongst top 50 holders?

Satoshi alone owns million+ coins, but he hasn´t touched his wallet since 2010. Those coins could be lost for all we know.

That alone is surely a roadblock in terms of Bitcoin ever becoming anything like the ubiquitous store of value and medium of exchange its fans hope? If those coins were ever dumped, Bitcoin would be back down to a fraction of a cent.

Please let it happen! It would be race who adds USD to exchanges sonner to have extremly cheap bitcoins! Soon the price woud be back Wink

Okurkabinladin

hero member

Activity: 574

Merit: 506

Quote from: PenAndPaper on November 29, 2013, 12:42:17 PM

Quote from: Okurkabinladin on November 29, 2013, 12:34:53 PM

Quote from: revans on November 29, 2013, 12:14:05 PM

I read this somewhere but the claim was not sourced. Is it true? If not, what's the actually distribution like amongst top 50 holders?

Satoshi alone owns million+ coins, but he hasn´t touched his wallet since 2010. Those coins could be lost for all we know.

I don't think its likely for satoshi to lost his bitcoins. Tongue

I can spell it out for you. He could be dead, thus billion+ dollars are just lying there like some mythical treasure straight out of Tolkien.

PenAndPaper

sr. member

Activity: 252

Merit: 250

Quote from: Okurkabinladin on November 29, 2013, 12:34:53 PM

Quote from: revans on November 29, 2013, 12:14:05 PM

I read this somewhere but the claim was not sourced. Is it true? If not, what's the actually distribution like amongst top 50 holders?

Satoshi alone owns million+ coins, but he hasn´t touched his wallet since 2010. Those coins could be lost for all we know.

I don't think its likely for satoshi to lost his bitcoins. Tongue

revans

sr. member

Activity: 336

Merit: 250

Quote from: Okurkabinladin on November 29, 2013, 12:34:53 PM

Quote from: revans on November 29, 2013, 12:14:05 PM

I read this somewhere but the claim was not sourced. Is it true? If not, what's the actually distribution like amongst top 50 holders?

Satoshi alone owns million+ coins, but he hasn´t touched his wallet since 2010. Those coins could be lost for all we know.

That alone is surely a roadblock in terms of Bitcoin ever becoming anything like the ubiquitous store of value and medium of exchange its fans hope? If those coins were ever dumped, Bitcoin would be back down to a fraction of a cent.

Okurkabinladin

hero member

Activity: 574

Merit: 506

Quote from: revans on November 29, 2013, 12:14:05 PM

I read this somewhere but the claim was not sourced. Is it true? If not, what's the actually distribution like amongst top 50 holders?

Satoshi alone owns million+ coins, but he hasn´t touched his wallet since 2010. Those coins could be lost for all we know.

revans

sr. member

Activity: 336

Merit: 250

Quote from: fred1111 on November 29, 2013, 12:28:42 PM

Quote from: fred1111 on November 29, 2013, 12:26:46 PM

At one point it was true. I suggest taking a look at this thread:
https://bitcointalksearch.org/topic/distribution-of-bitcoin-wealth-by-owner-316297

However, as the value of BTC increases, the large holders are incited to diversify their investment (usually via USD), so the distribution gets more even with time.

Assuming they can continue to find greater fools.

It could be said that Bitcoin will either continually increases in value, or collapse to nothing. As soon as there is any protracted period of price stability, all the speculative capital gets withdrawn and goes in search in a new bubble (Litecoin perhaps). The only way to prevent that is an ever increasing price, but that's not sustainable, especially as Bitcoin is not making much progress in terms of merchant acceptance.

mb300sd

legendary

Activity: 1260

Merit: 1000

Drunk Posts

Quote from: CoinCidental on November 29, 2013, 12:26:35 PM

http://bitcoinrichlist.com/top100

Remember that its possible quite a few of those addresses may have been lost.

fred1111

full member

Activity: 160

Merit: 101

Quote from: fred1111 on November 29, 2013, 12:26:46 PM

At one point it was true. I suggest taking a look at this thread:
https://bitcointalksearch.org/topic/distribution-of-bitcoin-wealth-by-owner-316297

However, as the value of BTC increases, the large holders are incited to diversify their investment (usually via USD), so the distribution gets more even with time.

fred1111

full member

Activity: 160

Merit: 101

At one point it was true. I suggest taking a look at this thread:
https://bitcointalksearch.org/topic/distribution-of-bitcoin-wealth-by-owner-316297

Topic: Is it true that 90% of current Bitcoins are owned by 50 people? (Read 1775 times)