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Author Topic: Only 50k unique addresses?  (Read 1009 times)
giszmo
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February 05, 2013, 01:19:26 PM
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According to this chart only 50k addresses are in use right now. Does this imply that most people use hosted wallets?

How can this value change from 34k to 47k in just 1 day? Is my assumption a good one that there are less than 0.3 wallets per unique addresse (minimum of a weeks unique addresses)? I would guess there are less than 10k wallets.

For me these numbers are scary. I do believe that there are 500k bitcoiners but that would mean that 490k of them trust some hosted wallets. Even if only 450k trust hosted wallets that's scary.

The good thing is that pruning will shrink the 4GB blockchain to 50MB.

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Sukrim
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February 05, 2013, 01:24:57 PM
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Not everyone uses all their addresses daily.

https://www.coinlend.org <-- automated lending at various exchanges. No fees(!).
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February 05, 2013, 01:25:19 PM
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since this chart goes down as well as up it can only be interpreted in a way that it isnt all-time but unique addresses used within a certain time frame - for blockchain.info thats very likely 24hours.

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February 05, 2013, 01:35:03 PM
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since this chart goes down as well as up it can only be interpreted in a way that it isnt all-time but unique addresses used within a certain time frame - for blockchain.info thats very likely 24hours.

My interpretation was "used" means "hold coins".
Looking at "all time" and hovering near the beginning, you get 1 and then 0, so I guess fornit is right. Gnah. I would love to see much more text for almost all the graphs at least to tell what they are but also to maybe tell what the author thinks they are good for.

Edit: Ok, then where is the chart that shows what I thought this chart would show?

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February 05, 2013, 01:59:08 PM
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since this chart goes down as well as up it can only be interpreted in a way that it isnt all-time but unique addresses used within a certain time frame - for blockchain.info thats very likely 24hours.

Ok, then where is the chart that shows what I thought this chart would show?


What good would that be?  See... we'll need a chart that tells us what the chart that tells us what this shows shows.
DeathAndTaxes
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February 05, 2013, 02:10:45 PM
 #6

"Used" in this context means received funds.  Yes I agree the author has chosen some very bad words to title some of the graphs.  That is made worse by not including a more detailed description.  

I think the OP is looking for the number of non-zero addresses (i.e. the addresses which have one or more unspent outputs).  I don't think anyone has charted over time but IIRC in one of the threads related to pruned database it was referenced the number of non-zero addresses is in the hundreds of thousands.
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February 05, 2013, 05:34:17 PM
 #7

From http://blockchain.info/charts

Number Of Unique Bitcoin Addresses Used
A chart of the number of unique bitcoin addresses used per day.

So not total  Wink

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February 05, 2013, 05:47:08 PM
 #8

50k per day, 100k in two days and 350k in a week +/-
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