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Title: Is it true that 90% of current Bitcoins are owned by 50 people? Post by: revans on November 29, 2013, 05:14:05 PM I read this somewhere but the claim was not sourced. Is it true? If not, what's the actually distribution like amongst top 50 holders?
Title: Re: Is it true that 90% of current Bitcoins are owned by 50 people? Post by: CoinCidental on November 29, 2013, 05:26:35 PM http://bitcoinrichlist.com/top100
Title: Re: Is it true that 90% of current Bitcoins are owned by 50 people? Post by: fred1111 on November 29, 2013, 05:26:46 PM At one point it was true. I suggest taking a look at this thread:
https://bitcointalk.org/index.php?topic=316297.0 Title: Re: Is it true that 90% of current Bitcoins are owned by 50 people? Post by: fred1111 on November 29, 2013, 05:28:42 PM At one point it was true. I suggest taking a look at this thread: However, as the value of BTC increases, the large holders are incited to diversify their investment (usually via USD), so the distribution gets more even with time.https://bitcointalk.org/index.php?topic=316297.0 Title: Re: Is it true that 90% of current Bitcoins are owned by 50 people? Post by: mb300sd on November 29, 2013, 05:30:23 PM http://bitcoinrichlist.com/top100 Remember that its possible quite a few of those addresses may have been lost. Title: Re: Is it true that 90% of current Bitcoins are owned by 50 people? Post by: revans on November 29, 2013, 05:33:54 PM At one point it was true. I suggest taking a look at this thread: However, as the value of BTC increases, the large holders are incited to diversify their investment (usually via USD), so the distribution gets more even with time.https://bitcointalk.org/index.php?topic=316297.0 Assuming they can continue to find greater fools. It could be said that Bitcoin will either continually increases in value, or collapse to nothing. As soon as there is any protracted period of price stability, all the speculative capital gets withdrawn and goes in search in a new bubble (Litecoin perhaps). The only way to prevent that is an ever increasing price, but that's not sustainable, especially as Bitcoin is not making much progress in terms of merchant acceptance. Title: Re: Is it true that 90% of current Bitcoins are owned by 50 people? Post by: Okurkabinladin on November 29, 2013, 05:34:53 PM I read this somewhere but the claim was not sourced. Is it true? If not, what's the actually distribution like amongst top 50 holders? Satoshi alone owns million+ coins, but he hasnīt touched his wallet since 2010. Those coins could be lost for all we know. Title: Re: Is it true that 90% of current Bitcoins are owned by 50 people? Post by: revans on November 29, 2013, 05:37:54 PM I read this somewhere but the claim was not sourced. Is it true? If not, what's the actually distribution like amongst top 50 holders? Satoshi alone owns million+ coins, but he hasnīt touched his wallet since 2010. Those coins could be lost for all we know. That alone is surely a roadblock in terms of Bitcoin ever becoming anything like the ubiquitous store of value and medium of exchange its fans hope? If those coins were ever dumped, Bitcoin would be back down to a fraction of a cent. Title: Re: Is it true that 90% of current Bitcoins are owned by 50 people? Post by: PenAndPaper on November 29, 2013, 05:42:17 PM I read this somewhere but the claim was not sourced. Is it true? If not, what's the actually distribution like amongst top 50 holders? Satoshi alone owns million+ coins, but he hasnīt touched his wallet since 2010. Those coins could be lost for all we know. I don't think its likely for satoshi to lost his bitcoins. :P Title: Re: Is it true that 90% of current Bitcoins are owned by 50 people? Post by: Okurkabinladin on November 29, 2013, 05:44:42 PM I read this somewhere but the claim was not sourced. Is it true? If not, what's the actually distribution like amongst top 50 holders? Satoshi alone owns million+ coins, but he hasnīt touched his wallet since 2010. Those coins could be lost for all we know. I don't think its likely for satoshi to lost his bitcoins. :P I can spell it out for you. He could be dead, thus billion+ dollars are just lying there like some mythical treasure straight out of Tolkien. Title: Re: Is it true that 90% of current Bitcoins are owned by 50 people? Post by: freakying99 on November 29, 2013, 05:47:38 PM I read this somewhere but the claim was not sourced. Is it true? If not, what's the actually distribution like amongst top 50 holders? Satoshi alone owns million+ coins, but he hasn´t touched his wallet since 2010. Those coins could be lost for all we know. That alone is surely a roadblock in terms of Bitcoin ever becoming anything like the ubiquitous store of value and medium of exchange its fans hope? If those coins were ever dumped, Bitcoin would be back down to a fraction of a cent. Please let it happen! It would be race who adds USD to exchanges sonner to have extremly cheap bitcoins! Soon the price woud be back ;) Title: Re: Is it true that 90% of current Bitcoins are owned by 50 people? Post by: MatTheCat on November 29, 2013, 05:56:49 PM I read this somewhere but the claim was not sourced. Is it true? If not, what's the actually distribution like amongst top 50 holders? Whether it is true or not, due to increasing computational demands of mining the lionshare of the next 11 million will be mined, and possibly held by large scale corporate or even governmental (China i am thinking off) run operations. Title: Re: Is it true that 90% of current Bitcoins are owned by 50 people? Post by: Melbustus on November 29, 2013, 05:56:53 PM It's tough to ID the addresses. On one side, people can obviously control more than one address. On the other, a lot of the big addresses are likely businesses that hold funds for lots of customers; case in point: that ~195,000 BTC transaction the other day is thought to be Bitstamp....so that single address, one of the biggest, really belongs to thousands of people.
Title: Re: Is it true that 90% of current Bitcoins are owned by 50 people? Post by: JTrain_51 on November 29, 2013, 05:58:37 PM http://bitcoinrichlist.com/top100 Just take a look at this thread Im pretty sure that the guy at silkroad owns around 1 third of all btc Title: Re: Is it true that 90% of current Bitcoins are owned by 50 people? Post by: fghj on November 29, 2013, 06:07:01 PM As soon as there is any protracted period of price stability, all the speculative capital gets withdrawn and goes in search in a new bubble Are we talking about the same bitcoin? Last time I checked every longer period of stability ended in massive (~20x) rally. Title: Re: Is it true that 90% of current Bitcoins are owned by 50 people? Post by: Cyberdyne on November 29, 2013, 06:08:30 PM http://bitcoinrichlist.com/top100 Just take a look at this thread Im pretty sure that the guy at silkroad owns around 1 third of all btc You mean the FBI guy? Title: Re: Is it true that 90% of current Bitcoins are owned by 50 people? Post by: revans on November 29, 2013, 06:10:34 PM As soon as there is any protracted period of price stability, all the speculative capital gets withdrawn and goes in search in a new bubble Are we talking about the same bitcoin? Last time I checked every longer period of stability ended in massive (~20x) rally. In which case it isn't stability is it? Title: Re: Is it true that 90% of current Bitcoins are owned by 50 people? Post by: CoinCidental on November 29, 2013, 06:11:52 PM http://bitcoinrichlist.com/top100 Remember that its possible quite a few of those addresses may have been lost. you can see the date the top 50+ richest addresses were last accesed (most or almost all of them within this month,many just yesterday or even today ) Title: Re: Is it true that 90% of current Bitcoins are owned by 50 people? Post by: fghj on November 29, 2013, 06:34:43 PM As soon as there is any protracted period of price stability, all the speculative capital gets withdrawn and goes in search in a new bubble Are we talking about the same bitcoin? Last time I checked every longer period of stability ended in massive (~20x) rally. In which case it isn't stability is it? I see that you registered 11 April, something tells me you must be very butthurt. Title: Re: Is it true that 90% of current Bitcoins are owned by 50 people? Post by: mb300sd on November 29, 2013, 06:35:42 PM http://bitcoinrichlist.com/top100 Remember that its possible quite a few of those addresses may have been lost. you can see the date the top 50+ richest addresses were last accesed (most or almost all of them within this month,many just yesterday or even today ) That date is the last received, anyone can send a tiny amount to those addresses. The last spent date is far more useful. Title: Re: Is it true that 90% of current Bitcoins are owned by 50 people? Post by: beaconpcguru on November 29, 2013, 06:43:28 PM List in inaccurate.. plus you don't think transactions and wallet splits like this aren't common? Such as these.. First address has 20,000 bitcoins split between 200 different addresses with 100 bitcoin in each... the second address recently split off into the third and placed 5000 bitcoin between a number of wallets.
16Zr93wygt7LZ7banf8B7dz3xZkVyFU5RR 1JFxZ3Z5is5ecLQSZwrVzjQiGkg5rBWivw 1CTU2o7QcX3ETqwDXownynNxhx3oxjvewy Title: Re: Is it true that 90% of current Bitcoins are owned by 50 people? Post by: CoinCidental on November 29, 2013, 07:15:28 PM List in inaccurate.. plus you don't think transactions and wallet splits like this aren't common? Such as these.. First address has 20,000 bitcoins split between 200 different addresses with 100 bitcoin in each... the second address recently split off into the third and placed 5000 bitcoin between a number of wallets. 16Zr93wygt7LZ7banf8B7dz3xZkVyFU5RR 1JFxZ3Z5is5ecLQSZwrVzjQiGkg5rBWivw 1CTU2o7QcX3ETqwDXownynNxhx3oxjvewy i never said the list was up to date and accurate i dont even know who compliled it but if it were ever true it would reflect that a vast amount of BTC wealth is controlled by a not too large minority of persons in the community |