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Title: Bitcoin Nodes vs Bitcoin Trade Volume Post by: kriptokoin on October 26, 2017, 11:56:21 AM Hey guys, this question might be silly but still I want to ask.
%30 percent of Bitcoin nodes are in U.S. but Japan is not even in the top 10. How could that be possible as Japan is one of the biggest player on Bitcoin trade markets at the moment? https://bitnodes.21.co (https://bitnodes.21.co) https://qz.com/1100754/bitcoin-price-breaks-5100-as-japan-is-biggest-market-by-volume/ (https://qz.com/1100754/bitcoin-price-breaks-5100-as-japan-is-biggest-market-by-volume/) I am planning to create an article related with that but numbers are not saying anything? What is that all about? Title: Re: Bitcoin Nodes vs Bitcoin Trade Volume Post by: Iranus on October 26, 2017, 01:00:50 PM There are a few possible reasons:
1. It's possible that more of the Japanese nodes are non-listening nodes. These node counting sites only account for the nodes that they can reach. 2. It's possible that Americans consider it more important to be running full nodes rather than SPV wallets, which could suggest that more of the Japanese BTC owners are less dedicated users. 3. It's possible that the users running nodes have more money on average. Japanese families are known for having more savings than Westerners. |