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Topic: z - page 7. (Read 58382 times)

sr. member
Activity: 266
Merit: 250
March 02, 2013, 02:15:29 AM

As such it is possible to go back and calculate that list at any
given point in the past.


Of course!  Why didn't I think of that.
I wonder if a graph over time would be meaningful!  All sorts of interesting conclusions conclusions could be drawn... (some of them even accurate!)
legendary
Activity: 1025
Merit: 1000
March 01, 2013, 11:33:15 PM
I can't imagine the stress that goes into handling these wallets. You have 2.3 million on a computer, sure it's backed up several times, but you have 2.3 million is an artificial currency that legally amounts to nothing. You can't turn that amount of money into cash without paying 55% taxes on 100% of it because accounting doesn't exist for bitcoins, so what do you do? Just withdrawal a modest six figure salary a year to some anonymous source and leave that gigantic amount in bitcoins? The bitcoin price dropping by 1 dollar causes you to lose 60 grand, and while the vice versa also applies, there is no "long term" insurance for bitcoins because it's not a real currency. It won't last another 249329423x years, and that x could turn out to equal 5 years, you just don't know. A major sell off of bitcoins by someone causes massive deflation.

I know that the people who end up making it big are the ones who take risks in stuff like this, but jesus christ that is a little much.

where does the 55 % figure come from? isn't capital gains tax 28 %?
full member
Activity: 235
Merit: 100
March 01, 2013, 06:08:22 PM
Very cool list
sr. member
Activity: 266
Merit: 250
March 01, 2013, 03:34:10 PM
done

You haven't been tracking these over time, by any chance, have you?

I'd love to see if the quantity required to be on the list rises or falls over time, and maybe a graph showing what the quantities have been for various positions on the list:

- top of the list
- position 100
- position 200
- position 300
- position 400
- last on the list

Are the rich getting richer?  Is wealth consolidating?  Is wealth dispersing as $/BTC rises?



Oh, and I'd love to see another list when you get a chance.

Just to capture this for future reference....

For the current (2/23) list:
#1:  111111.11257544
100: 9059.77000000
200: 4994.00000000
300: 3850.06000000
400: 3000.00000000
412: 2981.31200000  (last)
hero member
Activity: 560
Merit: 500
February 25, 2013, 01:41:49 PM
I can't imagine the stress that goes into handling these wallets. You have 2.3 million on a computer, sure it's backed up several times, but you have 2.3 million is an artificial currency that legally amounts to nothing. You can't turn that amount of money into cash without paying 55% taxes on 100% of it because accounting doesn't exist for bitcoins, so what do you do? Just withdrawal a modest six figure salary a year to some anonymous source and leave that gigantic amount in bitcoins? The bitcoin price dropping by 1 dollar causes you to lose 60 grand, and while the vice versa also applies, there is no "long term" insurance for bitcoins because it's not a real currency. It won't last another 249329423x years, and that x could turn out to equal 5 years, you just don't know. A major sell off of bitcoins by someone causes massive deflation.

I know that the people who end up making it big are the ones who take risks in stuff like this, but jesus christ that is a little much.


The people who started mining that long ago were not in it for the money. I don't think anyone was. They were in if for the fundamental idea of what bitcoin stood for.

I would think that the kind of people who supported such an idea, enough to take the time and mine them at a loss when they were worth nothing, are content in their lives and aren't dying to cash in and get mildly rich. They are clearly in it for the long haul, and I wouldn't be surprised if they actually started donating them further down the line once a few bitcoins are enough really solve some problems.

But who knows.
full member
Activity: 154
Merit: 100
welcome to riches
February 25, 2013, 01:32:42 PM
I can't imagine the stress that goes into handling these wallets. You have 2.3 million on a computer, sure it's backed up several times, but you have 2.3 million is an artificial currency that legally amounts to nothing. You can't turn that amount of money into cash without paying 55% taxes on 100% of it because accounting doesn't exist for bitcoins, so what do you do? Just withdrawal a modest six figure salary a year to some anonymous source and leave that gigantic amount in bitcoins? The bitcoin price dropping by 1 dollar causes you to lose 60 grand, and while the vice versa also applies, there is no "long term" insurance for bitcoins because it's not a real currency. It won't last another 249329423x years, and that x could turn out to equal 5 years, you just don't know. A major sell off of bitcoins by someone causes massive deflation.

I know that the people who end up making it big are the ones who take risks in stuff like this, but jesus christ that is a little much.
full member
Activity: 126
Merit: 100
February 25, 2013, 01:12:10 PM
I wonder whether it's a coincidence that 111111 is ? in binary.

My chip goes to the address being DPR's.
newbie
Activity: 11
Merit: 0
February 20, 2013, 05:16:54 AM
My calculations are:
412 addresses, 3,424,831.01 BTC total, 8312.6966 average.

Value at $29.30 / BTC (roughly the current rate):
$100M total, $223K average, $87K lowest
31% of the issued Bitcoins are held by the top 412 Addresses.

I'm sure many of these are businesses, some being the cold storage of numerous people's individual accounts (at Mt. Gox, Coinbase, etc).

legendary
Activity: 1031
Merit: 1000
February 19, 2013, 09:14:39 PM
Last updated on 2013-01-31:

Going to run another list? Thanks.
legendary
Activity: 1680
Merit: 1035
February 06, 2013, 02:26:43 PM
And now, you're plain old not making any sense at all. What on earth
are you talking about ?


I don't know...  Undecided
hero member
Activity: 560
Merit: 500
February 06, 2013, 01:24:58 PM
I would say that most of the lost coins are the ones that were mined when Bitcoins were still seen as funny money, before they were $1 each.

Using this data that was at the beginning of 2011.

So see what total you get if you only count addresses that have had no incoming/outgoing transactions since 2010.

Now that I think about it, anyone can deposit lint into an account to make it look active, but only the owner with full access could make a withdraw.

So I'd personally consider any address without any withdraws since before 2011 as being lost. Once Bitcoins hit dollar parity, I'd think anyone looking to store them would move them into a new and more secure wallet.

And yes, this is all hearsay/speculation/estimation/not 101% accurate  Roll Eyes
legendary
Activity: 1680
Merit: 1035
February 06, 2013, 11:47:59 AM
I might have missed the answer to this, but what's the point of this? It's highly inacurate and doesn't actually tell us anything other than that some people have a few pennies associated with the only address they decided to use to ask for donations.
donator
Activity: 1736
Merit: 1014
Let's talk governance, lipstick, and pigs.
February 06, 2013, 11:05:15 AM
Why stop at 410? Wouldn't the highest 420 be more interesting?
hero member
Activity: 560
Merit: 500
February 01, 2013, 03:34:18 PM
It's interesting to see all the exact X00.00 addresses that haven't moved since 2010. Round numbers like that suggest they've been put there for storage.
full member
Activity: 135
Merit: 113
whale eater
January 27, 2013, 03:26:18 PM
I see 6.
newbie
Activity: 28
Merit: 0
January 24, 2013, 10:52:55 PM
If only if only..
legendary
Activity: 1358
Merit: 1002
January 24, 2013, 12:50:50 PM
Scammers interested on the richest addresses...
Color me shocked...
legendary
Activity: 1498
Merit: 1000
January 19, 2013, 08:52:56 PM
Well, instead of trolling, can anyone come up with a better estimation method than what StarenseN proposed?

It is impossible so it isn't trolling when your proving that something is impossible.
legendary
Activity: 1638
Merit: 1001
₪``Campaign Manager´´₪
January 19, 2013, 08:19:11 PM
If only if only..

.... I had 100k coins too?
newbie
Activity: 28
Merit: 0
January 19, 2013, 01:13:44 PM
If only if only..
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