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Bitcoin => Bitcoin Discussion => Topic started by: Gordonium on November 13, 2013, 02:02:34 PM



Title: In your estimate, how many people there are with over 50 BTC holdings?
Post by: Gordonium on November 13, 2013, 02:02:34 PM
Off course theoretically there can never be more than about 500 000 people with 50 BTC but real number of course will be much more lower because there are huge whales with lot more and all the lost coins (and unmined coins at the moment.)


Title: Re: In your estimate, how many people there are with over 50 BTC holdings?
Post by: kriwest on November 13, 2013, 02:13:46 PM
Using this: http://www.klmist.com/keysreport.html

There are 12k keys with more than 100 BTC, and 97k with more than 10 BTC.. So somewhere in the middle maybe? 30-60k?


Title: Re: In your estimate, how many people there are with over 50 BTC holdings?
Post by: tysat on November 13, 2013, 02:18:38 PM
Using this: http://www.klmist.com/keysreport.html

There are 12k keys with more than 100 BTC, and 97k with more than 10 BTC.. So somewhere in the middle maybe? 30-60k?

Those are keys, not people.


Title: Re: In your estimate, how many people there are with over 50 BTC holdings?
Post by: kriwest on November 13, 2013, 02:37:32 PM
Using this: http://www.klmist.com/keysreport.html

There are 12k keys with more than 100 BTC, and 97k with more than 10 BTC.. So somewhere in the middle maybe? 30-60k?

Those are keys, not people.

I know. But is there any more accurate way to estimate this at all?


Title: Re: In your estimate, how many people there are with over 50 BTC holdings?
Post by: icey on November 13, 2013, 02:38:50 PM
5-10k At most. Complete guess mind you


Title: Re: In your estimate, how many people there are with over 50 BTC holdings?
Post by: Johnny Bitcoinseed on November 13, 2013, 03:30:31 PM
Well I know of at least one


Title: Re: In your estimate, how many people there are with over 50 BTC holdings?
Post by: klmist on November 13, 2013, 05:00:08 PM
Using this: http://www.klmist.com/keysreport.html

There are 12k keys with more than 100 BTC, and 97k with more than 10 BTC.. So somewhere in the middle maybe? 30-60k?

There are 38588 = exactly 50 keys and 58380 keys >= 50 (including the exactly 50 ones). Most of the exactly 50 ones are unspent coinbases that probably belong to satoshi.. so most likely less than the difference so <20k, imo. The sum of all keys >= 50 BTC is 10722974 BTC or 89.4% of all BTC that currently exist.


Title: Re: In your estimate, how many people there are with over 50 BTC holdings?
Post by: jeppe on November 13, 2013, 05:03:07 PM
I would say maybe 20k without  all those lost coins and some people have more than one wallet. one for main storage and one for what you use :)


Title: Re: In your estimate, how many people there are with over 50 BTC holdings?
Post by: Peter R on November 13, 2013, 05:22:45 PM
Off course theoretically there can never be more than about 500 000 people with 50 BTC but real number of course will be much more lower because there are huge whales with lot more and all the lost coins (and unmined coins at the moment.)

rpietila has a thread dedicated to trying to answer these questions.  Most evidence suggests that bitcoin wealth can be approximated using a Pareto distribution [e.g., the top 20% hold 80% of the wealth, and the top 20% of the top 20% hold 80% of the 80%...all the way up to Satoshi].  Of course, the exact distribution can never be know.  Please take a look here:

https://bitcointalk.org/index.php?topic=316297