Topic: Percentage of people using blockchain worldwide (Read 375 times)
From all of you answers and from my research I came to conclusion that less than 1% (0.003% to be exact) of people in the world use BC
We cannot say that we have the figure of users because there were lots of people who really have multiple accounts for their own purposes.
I hope we can know the total real number of bitcoin holder not the total number of bitcoin addresses.
I hope we can know the total real number of bitcoin holder not the total number of bitcoin addresses.
What if we were to go by country instead? Wouldn't it be more meaningful, as some countries aren't even developed to have internet access? What would be the percentage of users in US that use blockchain? (~10%?)
No. 10% of US population would be around 32 million, according to this chart there are only 16.5 million addresses, even if it's outdated I don't think the no of address would had doubled more so we know that one person can have multiple address. Even I have over 150 addresses. Given this I would say more like 1-2% of US population actually uses blockchain. 
From an users quote its clear that very small percentage of the human population is now using bitcoin. This when increases the growth will be much higher to fulfill the necessity of the population. At present from the quote we're less than a percentage in comparison to the entire population. With this it takes time for mainstream usage and from other than this blockchain technology is getting implemented for various other requirements.
The current price of the BTC is over 8000. You should repeat the comparison table
What if we were to go by country instead? Wouldn't it be more meaningful, as some countries aren't even developed to have internet access? What would be the percentage of users in US that use blockchain? (~10%?)
I found this site to be quite cool, top 100 richest Bitcoin addresses with >13 million address created, worth a quick look, and the richest one contains 1 billion worth of Bitcoins in USD.
https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html
I found this site to be quite cool, top 100 richest Bitcoin addresses with >13 million address created, worth a quick look, and the richest one contains 1 billion worth of Bitcoins in USD.
https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html
And again the number of wallets from blockchain doesn't mean users.
Not only can somebody have multiple wallets buy the count users who sign up for an account, even if they don't have a single btc.
Yes correct. Sometime one user have more than 10 wallets for their several purpose.
Although we know that blockchain especially bitcoin become more popular, but when compare with population worldwide its still small amount.
The price of bitcoin is of course outdated, but the number of bitcoins in circulation at the moment true. Maybe statistics with the accounts correct. a lot of people when they hear about bitcoin want to try your hand. They somehow think that bitcoin is easy to earn. But when they encounter problems, they leave and it is probably for this reason, a lot of abandoned accounts.
the circulation statistics arent necessarily indicative of adoption. exchanges generate new addresses all the time, activity on an address doesnt mean you are dealing with an active user. also, whenever someone uses an off chain settlement scheme that involves bitcoin, only one wallet is required to manage multiple users. but as quoted, the majority of wallets that have had activity most likely are the secondary wallets of folks. ive generated so many addresses over the course of this, if someone looked at my wallet they would swear I was a small group of actors, not a single person.
if only 5 percent of folks have heard about bitcoin, it is a pretty small subset of that that actually uses it regularly (an adopter).
but we cannot avoid the fact that a small group of people can manipulate the entire crypto market however they please which is somewhat centralized in my opinion. Hopefully, this problem gets resolved in some way or another in the future.
Like Rothschild family?
Info is pretty much outdated, but the stats still speaks volumes up to now. It's very evident that there are a large number of coins from whales and the wealth distribution for bitcoin is pretty uneven like fiat. Though it may tell us something that this market can be dictated by them (which is happeninf on a day-to-day basis), take note that more and more fresh money is entering the scene every day, making the "wealth" distributed to these new and old hands and of course, the whales.
As for addresses that don't contain coins in them or were only used once, are you aware that it is recommended to change addresses every time you create a transaction? That partly explains the low number of addresses that contains .1 BTC in them.
Completely agree with you here. The problem is clear. A small percentage of people have access to majority of bitcoins which is a problem in different ways. I don't have any problems with the early adopters since they are the primary reason why bitcoin has even reached its current position in the first place, but we cannot avoid the fact that a small group of people can manipulate the entire crypto market however they please which is somewhat centralized in my opinion. Hopefully, this problem gets resolved in some way or another in the future. As for addresses that don't contain coins in them or were only used once, are you aware that it is recommended to change addresses every time you create a transaction? That partly explains the low number of addresses that contains .1 BTC in them.
Based on blockchain.info here https://blockchain.info/charts/n-unique-addresses there are around 600k unique addresses and around 18M wallet users here https://blockchain.info/charts/my-wallet-n-users
Meaning around 18M users.
Basically around 0.003% of population uses blockchain
Meaning around 18M users.
Basically around 0.003% of population uses blockchain
That link:
https://blockchain.info/charts/n-unique-addresses
Shows the number of addresses used per day. So it daily usage.
And again the number of wallets from blockchain doesn't mean users.
Not only can somebody have multiple wallets buy the count users who sign up for an account, even if they don't have a single btc.
Based on blockchain.info here https://blockchain.info/charts/n-unique-addresses there are around 600k unique addresses and around 18M wallet users here https://blockchain.info/charts/my-wallet-n-users
Meaning around 18M users.
Basically around 0.003% of population uses blockchain
Meaning around 18M users.
Basically around 0.003% of population uses blockchain
The price of bitcoin is of course outdated, but the number of bitcoins in circulation at the moment true. Maybe statistics with the accounts correct. a lot of people when they hear about bitcoin want to try your hand. They somehow think that bitcoin is easy to earn. But when they encounter problems, they leave and it is probably for this reason, a lot of abandoned accounts.
Yes still bitcoin is same like before how we earn in the later 2013. You will be able to make the money in bitcointalk forum itself. If you involved in the any investment platform in bitcoin you will be able to make the more money.
If you think that statistics are correct means you are wrong in that since we find the same people have the multiple wallets in various wallet providers and multiple accounts in the forum as well.
As for addresses that don't contain coins in them or were only used once, are you aware that it is recommended to change addresses every time you create a transaction? That partly explains the low number of addresses that contains .1 BTC in them.
Not just that.
When paying for a service an unique address is generated to identify and monitor the payment.
Most services do not recycle those addresses so they will appear with a 0 balance, two transactions and will forever occupy some space in the chain before we finally add a pruning feature.
Info is pretty much outdated, but the stats still speaks volumes up to now. It's very evident that there are a large number of coins from whales and the wealth distribution for bitcoin is pretty uneven like fiat. Though it may tell us something that this market can be dictated by them (which is happeninf on a day-to-day basis), take note that more and more fresh money is entering the scene every day, making the "wealth" distributed to these new and old hands and of course, the whales.
As for addresses that don't contain coins in them or were only used once, are you aware that it is recommended to change addresses every time you create a transaction? That partly explains the low number of addresses that contains .1 BTC in them.
As for addresses that don't contain coins in them or were only used once, are you aware that it is recommended to change addresses every time you create a transaction? That partly explains the low number of addresses that contains .1 BTC in them.
The price of bitcoin is of course outdated, but the number of bitcoins in circulation at the moment true. Maybe statistics with the accounts correct. a lot of people when they hear about bitcoin want to try your hand. They somehow think that bitcoin is easy to earn. But when they encounter problems, they leave and it is probably for this reason, a lot of abandoned accounts.
Yep it's outdated, that's why I look for something fresh
It is not possible to correlate the number of people to Bitcoin or blockchain technology.
I'm going to use Bitcoin as an example to tell you why (I think you also said so yourself).
Each person doesn't only have one wallet with Bitcoins in them, and each wallet doesn't have only 1 address. Any number of wallets, addresses etc. is not even close to estimating the number of users.
Those numbers you have say literally nothing about the amount of bitcoin users.
Thus, it's also impossible to estimate the number of users of blockchain technology as there are many currencies used by multiple people. It's just not possible to tell.
I'm going to use Bitcoin as an example to tell you why (I think you also said so yourself).
Each person doesn't only have one wallet with Bitcoins in them, and each wallet doesn't have only 1 address. Any number of wallets, addresses etc. is not even close to estimating the number of users.
Those numbers you have say literally nothing about the amount of bitcoin users.
Thus, it's also impossible to estimate the number of users of blockchain technology as there are many currencies used by multiple people. It's just not possible to tell.
Just 593,488 addresses have at least 1 BTC inside of them. That is just 3.59%! An even more telling stat is less than 1.8 million addresses have at least .1 BTC, or just $60 USD worth. This is less than 1 in 9 addresses. In other words, almost 90% of all Bitcoin addresses have little or no real value at all.
You realize that graph is a bit outdated?
Since the price is no longer 608$ / coin?
https://bitcointalksearch.org/topic/m.24672639
Updated balances, if you want to do your research start with this one , not a year old stats.
Those numbers you have say literally nothing about the amount of bitcoin users.
Actually they do.
You can't have more users than the amount of addresses with a balance.
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