Bitcoin Forum
November 22, 2017, 12:00:32 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Only 50k unique addresses?  (Read 1001 times)
giszmo
Legendary
*
Offline Offline

Activity: 1568


¡ɥɔʇɐʍ ʇsnɾ &#7


View Profile WWW
February 05, 2013, 01:19:26 PM
 #1

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.

Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
Sukrim
Legendary
*
Offline Offline

Activity: 2198


View Profile
February 05, 2013, 01:24:57 PM
 #2

Not everyone uses all their addresses daily.

https://bitfinex.com <-- leveraged trading of BTCUSD, LTCUSD and LTCBTC (long and short) - 10% discount on fees for the first 30 days with this refcode: x5K9YtL3Zb
Mail me at Bitmessage: BM-BbiHiVv5qh858ULsyRDtpRrG9WjXN3xf
fornit
Hero Member
*****
Offline Offline

Activity: 989


View Profile
February 05, 2013, 01:25:19 PM
 #3

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.

giszmo
Legendary
*
Offline Offline

Activity: 1568


¡ɥɔʇɐʍ ʇsnɾ &#7


View Profile WWW
February 05, 2013, 01:35:03 PM
 #4

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?

jerfelix
Sr. Member
****
Offline Offline

Activity: 266


View Profile
February 05, 2013, 01:59:08 PM
 #5

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
Donator
Legendary
*
Offline Offline

Activity: 1218


Gerald Davis


View Profile
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.
Akka
Legendary
*
Offline Offline

Activity: 1162



View Profile
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

All previous versions of currency will no longer be supported as of this update
Carlos L.
Legendary
*
Offline Offline

Activity: 952


View Profile
February 05, 2013, 05:47:08 PM
 #8

50k per day, 100k in two days and 350k in a week +/-
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!