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Author Topic: Facebook group to estimate number of Bitcoin users  (Read 2489 times)
coinpr0n
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August 03, 2015, 08:39:14 AM
 #21

I don't think it's a good way of gauging the number of people who use bitcoin. I think a better approach would be counting the numbers of customers that KYC wallets/exchanges (eg. Coinbase) have to get a closer number - and even that would be inaccurate and well short of the actual numbers.

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August 03, 2015, 08:43:59 AM
 #22

To be honest, im not interested on facebook anymore, my facebook profilr is now full of ads from bitcointalk campaign, most of my friends dont use them anymore.
The golden age of facebook is gone

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August 03, 2015, 08:54:25 AM
 #23

I don't think it's a good way of gauging the number of people who use bitcoin. I think a better approach would be counting the numbers of customers that KYC wallets/exchanges (eg. Coinbase) have to get a closer number - and even that would be inaccurate and well short of the actual numbers.

Short?
Actually, it looks like people make more than 1 wallet on webwallets.
Also, how can you have more users than wallets?
Anyway, it's been proved that there's a lot more wallets than people, many just register and let it there without funds. They are not Bitcoin adopters, just people that tested it.
Also, many people open many wallets, especially webwallets, I did it myself. I also tried many different clients on my pc and on my smartphone.
So the actual number is probably very inferior to the actual installs of any software and any registrations of webwallets.
This is why wallets are not a good way to estimate the number of USERS actually holding Bitcoins.

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coinpr0n
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August 03, 2015, 08:58:23 AM
 #24

I don't think it's a good way of gauging the number of people who use bitcoin. I think a better approach would be counting the numbers of customers that KYC wallets/exchanges (eg. Coinbase) have to get a closer number - and even that would be inaccurate and well short of the actual numbers.

Short?
Actually, it looks like people make more than 1 wallet on webwallets.
Also, how can you have more users than wallets?
Anyway, it's been proved that there's a lot more wallets than people, many just register and let it there without funds. They are not Bitcoin adopters, just people that tested it.
Also, many people open many wallets, especially webwallets, I did it myself. I also tried many different clients on my pc and on my smartphone.
So the actual number is probably very inferior to the actual installs of any software and any registrations of webwallets.
This is why wallets are not a good way to estimate the number of USERS actually holding Bitcoins.

By KYC I meant wallets/exchanges that ask for identification like Coinbase. I don't think you can register two verified accounts on Coinbase as the same person. I'm not talking about regular web wallets like Blockchain.info that allow anyone to sign-up with an email.

Edit: Verified users of an exchange may have been a better way to put it.

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August 03, 2015, 09:05:39 AM
 #25

This made me laugh lol..
You can't estimate the number of bitcoin users by making a facebook group.. Counting the number of forum members would yield comparatively better result than number of people who joined the group Cheesy

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August 03, 2015, 09:08:57 AM
 #26

I don't think it's a good way of gauging the number of people who use bitcoin. I think a better approach would be counting the numbers of customers that KYC wallets/exchanges (eg. Coinbase) have to get a closer number - and even that would be inaccurate and well short of the actual numbers.

Short?
Actually, it looks like people make more than 1 wallet on webwallets.
Also, how can you have more users than wallets?
Anyway, it's been proved that there's a lot more wallets than people, many just register and let it there without funds. They are not Bitcoin adopters, just people that tested it.
Also, many people open many wallets, especially webwallets, I did it myself. I also tried many different clients on my pc and on my smartphone.
So the actual number is probably very inferior to the actual installs of any software and any registrations of webwallets.
This is why wallets are not a good way to estimate the number of USERS actually holding Bitcoins.

By KYC I meant wallets/exchanges that ask for identification like Coinbase. I don't think you can register two verified accounts on Coinbase as the same person. I'm not talking about regular web wallets like Blockchain.info that allow anyone to sign-up with an email.

Edit: Verified users of an exchange may have been a better way to put it.

The problem with this approach is that those users that are verified are, surely, good users of Bitcoin. Probably traders, or venues owners.
BUT, there are a lot of other users that only use a wallet and surely don't want to register with ID check and stuff.

By the way, I came up with this Google Sheet to see how many Android Bitcoin wallets are installed.
I checked the most used wallets but if anybody got some that I jumped please mention it.

Given that Google doesn't disclose the exact amount of installs anymore, I adjusted to the middle of that min-max installs.
Then adjusted again to 70%, just to cut off some people that may have tried more than 1 wallet.
The result is around 1 million.
I would say 1 million of users have at least 1 wallet installed and using it, even if only to hold some coins or just tried it.

Then, we should add the number of pc wallets installed.
And then there's the webwallets.

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August 03, 2015, 09:14:52 AM
 #27

Bitcoin is not like Ripple. We do not link social media accounts to our use of crypto currencies. It makes the targeting for hackers easier, if they can link you to Bitcoin and stalk you, to get to your coins. You might not care if it attract criminals, but most of us do.

Would everyone who are asked to join a group that own $100 000 in fiat, do that on social media? No, You would become a victim of a kidnapping or some other criminal action. Anonymity is there for a reason, it protects your financial privacy.  Roll Eyes

 

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August 03, 2015, 09:22:12 AM
 #28

i think this is not a best way to estimate number of bitcoin users
as we know that facebook group is best way to spaming link and they could create multiple account for do that,and i think the best way is: estimate based on local exchanger
example:
In my country (indonesian)
There is a big local exchanger here (bitcoin.co.id)
and the member should verification their account wit identity proof (so there is no multiple account here)
and today there are 66.504 members has registered
so we can concluse that indonesian's bitcoiners more than 66.000 peoples
and then we can count the next country
But the problem is not at all countries have their own exchange site

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August 03, 2015, 09:25:22 AM
 #29

Bitcoin is not like Ripple. We do not link social media accounts to our use of crypto currencies. It makes the targeting for hackers easier, if they can link you to Bitcoin and stalk you, to get to your coins. You might not care if it attract criminals, but most of us do.

Would everyone who are asked to join a group that own $100 000 in fiat, do that on social media? No, You would become a victim of a kidnapping or some other criminal action. Anonymity is there for a reason, it protects your financial privacy.  Roll Eyes

 

Nobody knows how much BTC you have.
So don't be afraid to be kidnapped.
And people can't see your IP through Facebook.
The only thing people would know if you join the group would be that you are involved in Bitcoin somehow, that's all.

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August 03, 2015, 09:26:49 AM
 #30

i think this is not a best way to estimate number of bitcoin users
as we know that facebook group is best way to spaming link and they could create multiple account for do that,and i think the best way is: estimate based on local exchanger
example:
In my country (indonesian)
There is a big local exchanger here (bitcoin.co.id)
and the member should verification their account wit identity proof (so there is no multiple account here)
and today there are 66.504 members has registered
so we can concluse that indonesian's bitcoiners more than 66.000 peoples
and then we can count the next country
But the problem is not at all countries have their own exchange site

I think this is a good way probably.
Most Bitcoin adopters had probably gone through an official dealer like this.
I bought mine on Bitcoin.de.
The problem is: how many of them release the numbers?

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August 03, 2015, 09:27:46 AM
 #31

It is a nice idea so I joined Smiley

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August 03, 2015, 10:35:31 AM
 #32

i think this is not a best way to estimate number of bitcoin users
as we know that facebook group is best way to spaming link and they could create multiple account for do that,and i think the best way is: estimate based on local exchanger
example:
In my country (indonesian)
There is a big local exchanger here (bitcoin.co.id)
and the member should verification their account wit identity proof (so there is no multiple account here)
and today there are 66.504 members has registered
so we can concluse that indonesian's bitcoiners more than 66.000 peoples
and then we can count the next country
But the problem is not at all countries have their own exchange site

I think this is a good way probably.
Most Bitcoin adopters had probably gone through an official dealer like this.
I bought mine on Bitcoin.de.
The problem is: how many of them release the numbers?

I think so
but unfortunately not all countries have their own exchange site
and of course not all exchange command their member to verification their identity
so mulitple account or fake account still created
and finally i realized that estimate bitcoin user its so hard

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August 03, 2015, 10:51:54 AM
 #33

It is a nice idea so I joined Smiley

Thank you, dude, let's hope many will appreciate and we'll finally have a rough idea of how many we are.
And don't forget to spread the word, so if you have some friends in Bitcoin invite them to the group Smiley

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August 03, 2015, 11:40:10 AM
 #34

are they trying to count how many BTC users or who are the BTC users?
"how many" is fine but "who is" that's a red flag to me if am to be asked

Well if everyone joins a Facebook group then everyone will be identifiable.

Uhhh so what? You scared? Something dirty going on??? Cheesy

Nobody will know the addresses you use anyway when you pay or receive money.
And I don't think everybody will join, an estimate will still be necessary, but I think that if the thing will run, it will get us to a much clearer number than with other methods.

Criminals will probably not join, and that's good Cheesy

So as dotthebeat said, btc users love their anonymity. How are you going to get accurate numbers if half the community will not participate?

the problem would be if one users will partecipate with multiple account, any way to determinate bitcoin via online is not actually feasible, you need their ID if you want to do have a real number
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August 03, 2015, 11:47:30 AM
 #35

I don't know if this is allowed here, if not I'm sorry for it, just delete the thread.

Anyway, as I'm really curious on how many Bitcoin users are out there and it seems there's no reliable way to estimate it at the moment, I thought this could be a good try.
Quick, easy and inexpensive.
Just ask for subscription, spread the word, and let's see how many will join.

https://www.facebook.com/groups/1153361628014629/

Also, remember: the more we are, the more reputation Bitcoin gains... so it's in our interest to manage to make this estimate.

there is already btc talk that give a good approx.
actually the users are:  525800
30% are clone and you don' have to count et voilà here there is the Bitcoin Users Number (approx)





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August 03, 2015, 01:35:43 PM
 #36

Look, I am a bitcoiner, but sorry, I would never join your group. Why you might ask?
Well all that NSA needs to do is check this group and would have a very nice list of Bitcoin users with their complete personal info! Too easy for them if you are asking me.
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August 03, 2015, 01:42:16 PM
 #37

Look, I am a bitcoiner, but sorry, I would never join your group. Why you might ask?
Well all that NSA needs to do is check this group and would have a very nice list of Bitcoin users with their complete personal info! Too easy for them if you are asking me.
I like this answer. I have to add that I met many bitcoin users and among them are only few facebook users. This social network is highly disregarded in bitcoin community.
Bitcoin folks treasure anonymous approach of cryptocurrencies and freedom, facebook is a tool of invigilation and database for NSA. Giving them our IDs just like that would be bad idea.
Personally I don't use Facebook and I never will. You are a product if you are using facebook not an user.

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August 03, 2015, 02:39:08 PM
 #38

Look, I am a bitcoiner, but sorry, I would never join your group. Why you might ask?
Well all that NSA needs to do is check this group and would have a very nice list of Bitcoin users with their complete personal info! Too easy for them if you are asking me.
I like this answer. I have to add that I met many bitcoin users and among them are only few facebook users. This social network is highly disregarded in bitcoin community.
Bitcoin folks treasure anonymous approach of cryptocurrencies and freedom, facebook is a tool of invigilation and database for NSA. Giving them our IDs just like that would be bad idea.
Personally I don't use Facebook and I never will. You are a product if you are using facebook not an user.

Shocked woow iam specchless,read excelents arguement from two smart guy
i new realized that i was a product of the facebook
yeah facebook has exploited me to make them rich
unfortunately iam not using facebook anymore

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August 03, 2015, 06:55:23 PM
 #39

this is silly.  now you're just assuming that everyone in the world uses facebook.  also i think no one will join your group to estimate the number of facebook users that are aware of what bitcoin is.
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August 03, 2015, 07:04:19 PM
 #40

I don't know if this is allowed here, if not I'm sorry for it, just delete the thread.

Anyway, as I'm really curious on how many Bitcoin users are out there and it seems there's no reliable way to estimate it at the moment, I thought this could be a good try.
Quick, easy and inexpensive.
Just ask for subscription, spread the word, and let's see how many will join.

https://www.facebook.com/groups/1153361628014629/

Also, remember: the more we are, the more reputation Bitcoin gains... so it's in our interest to manage to make this estimate.

there is already btc talk that give a good approx.
actually the users are:  525800
30% are clone and you don' have to count et voilà here there is the Bitcoin Users Number (approx)

If you think the whole world likes forums and waste time over them you are SO wrong, man.

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