Bitcoin Forum

https://i.imgur.com/DeRKZ98.png (https://i.imgur.com/DeRKZ98.png)

That image isn't really working for me.

Edit Nevermind Clicked it to enlarge. I guess bitcoin has a long way to go  ;D.
1AbHnmymnwaCSHRwrFjwRr9r3QzawnTPZB

Less than 0.1% of the world population own bitcoin, clearly lots of room for adoption to grow
Hopefully the plethora of apps under development presenty will ease adoption even further

Could we have a similar image showing also the internet users in 1996 and in, say, 2012?

It would have to be before 1996.  There were 36 million internet users in 1996.  Maybe the internet in 1990.  I used the internet in the 80's.

Think of the growth potential!  ;)

1990-1992 I would guess to be a pretty good parallel for where we are today with Bitcoin.

"The Internet's takeover of the global communication landscape was almost instant in historical terms: it only communicated 1% of the information flowing through two-way telecommunications networks in the year 1993, already 51% by 2000, and more than 97% of the telecommunicated information by 2007"

http://en.wikipedia.org/wiki/History_of_the_Internet

If my theory proves to be accurate, Bitcoin will be several orders of magnitude larger by 2020.

thought id help out the OP, you and anyone else without zoom function
https://i.imgur.com/XN2FKV3.png

That is if bitcoin progression does mimics the internet's.There is till no guarantee that bitcoin won't go the way of the PDAs or the pagers

This is why 1btc is either valueless when something better comes along or it's an obnoxious amount of money.

That's useful, thanks. ;)

But I think we have far more than just 625k Bitcoin users. I'd say at least 10x times as many.

It's questionable if Bitcoin's target adoption is really equivalent to the world's population as well. I think one third of the population will always be left out due to various factors (politics, technology, wealth).

But there still is tremendous room to grow.

ya.ya.yo!

Ah makes sense now. Wow! incredible..

Can't wait till we see the "Sell your home for Bitcoin!" posters in the neighborhood - obnoxious amount of money.

Probably smaller than the world furry population.

Every estimate I've seen of the total number of bitcoin users is completely arbitrary. I think 625,000 is probably low.

I was curios too. If you have the patience to look all the way right and zoom in, you will see the source and date: 2/10/2014.
This stat is over half a year old.

Yes, there are between 1-2 million unique coinbase wallets and 99% of these are only US clients. Extrapolating the different exchanges there are at least 4-5 million bitcoin users right now.

The data wasn't even accurate 6 months ago either as coinbase passed 1 million back in feb and most bitcoin user live outside of the US. This would indicate that conservatively 3 million was the approximation back in Feb.

And so much has happened in the last 6 months although I suppose it wouldn't change things too much.

that's not so bad actually. those people are the most active and advanced, they gonna lead the rest of the world to the bright future..))

If it will ever left blue will be perfect for him.

NOT A LOG CHART, VERY MISLEADING

That's why I want to educate people about bitcoins so this number will grow

to the mooN!!!!!!!!!!! ;D

hahaha there we go .....this is what was needed! ^^

It'll be close enough that the differences won't matter.

I disagree, the guarantee is the technological innovation Bitcoin represents. Solving the Byzantine General's problem with a decentralized public ledger was a massive advancement in computer science. It cannot be ignored.

It's folly to pretend things are the same now as the were before this technology existed. They're not, and they never will be again.

It seems to me that adoption of bitcoin by non-technical people will take quite some time. If this scale is true, there is definitely a lot of room for growth though.

It is true the progress brought by the underlining technology behind bitcoin can't be denied and in many ways it is revolutionary.Its potential does not solely lies within just cryptocurrency. That of course does not guarantee bitcoin's mass adoption,as I stated earlier the general public would only care if it more accessible to them and there is enough perceived benefits to warrant the effort and cost .

They are plenty of tales of cool technology that never lives up to their hype(usually by being overtaken by something else).
The examples that I gave(PDA and pagers) never did capture the public imagination much regardless of how good it was at its intended utility and quickly falls to the sideline the moment cellphone catched up(and bypass them thanks to the advent of smartphones).While they did not go the way of the rotary phones ,both this technology now only served some very niche application (a far cry from the brouhaha of their zenith).The same can happen to bitcoin .


Regardless of ultimate its outcome , bitccoin is definitely a landmark in its own right and I'm sure future archivers note how significant it was(while us that lives through it reminiscence about it).

If it's any consolation, The Bank of England estimated in their bitcoin report (http://www.bankofengland.co.uk/publications/Documents/quarterlybulletin/2014/qb14q3digitalcurrenciesbitcoin2.pdf), that there is currently 1.6m wallets addresses with a balance over .001btc. That's easy to verify on the blockchain. If a study can link the number of wallets addresses per user, then we might be on to something. How to find a random sample of bitcoin users to query may prove challenging, but that's why some firms specialize in things like this. Personally I'm interested in the answer, and I think a lot of prospective bitcoin startups would like to know as well.

A Bitcoin wallet is just a collection of one or more addresses. I don't believe there's any way of determining how many wallets there are.

1 : 11740  :o

That's okay, because when internet user in 2014 and 2000 is very big difference
If bitcoin success, there will be many user than now  :)

Furthermore, the vast majority of current users do not have all their savings in Bitcoin. :D
Moon. Soon.

Optimistic people will say that this is good sign, that still are lots of room to grow.
Pessimistic people will see this like bad sign, that not many people accepted bitcoin and that bitcoin will never become mainstream.
Only time will show. 

The people that matter, the movers, the forerunners, the discoverers, the inventors, are always a small minority.
Often it took time until what they discovered or invented was used by many.

The truth:


http://payload120.cargocollective.com/1/9/312305/4706840/Threadless2s%20copy_o.jpg