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Author Topic: How many people do you think, as of today, use/have bitcoins?  (Read 638 times)
whatisthename
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March 23, 2013, 03:56:11 AM
 #1

Would you say it's less than 1% of the population of the world?

Imagine if only 10% of the world population uses BitCoin Someday Smiley Smiley
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Crystallas
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March 23, 2013, 04:01:05 AM
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500k active nodes and growing. I don't know how many people actively use BTCs.
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March 23, 2013, 05:01:54 AM
 #3

Well, you can get a pretty decent idea when you look at this page:

https://blockchain.info/charts

So around 56,000 unique addresses were used today... But certainly not every address on the network got used today, and of course each user could have hundreds of addresses...

Another way to look at it is the Market Cap there... We're at $800 Million USD almost now... That's the amount of money (although it came from many currencies) that has been converted into (and now exists in) bitcoin.

So if $800M has a price of $75, then once we steal a full 1% of the world's economy away from cash, Bitcoin will be worth more like $100,000 PER COIN.

Sauce: http://falkvinge.net/2013/03/06/the-target-value-for-bitcoin-is-not-some-50-or-100-it-is-100000-to-1000000/

Yeah, I'm hoarding.  Cheesy

Luke Parker
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GoldenAngel
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March 23, 2013, 08:52:31 AM
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Not sure..
wopwop
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March 23, 2013, 08:55:49 AM
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Well, you can get a pretty decent idea when you look at this page:

https://blockchain.info/charts

So around 56,000 unique addresses were used today... But certainly not every address on the network got used today, and of course each user could have hundreds of addresses...

Another way to look at it is the Market Cap there... We're at $800 Million USD almost now... That's the amount of money (although it came from many currencies) that has been converted into (and now exists in) bitcoin.

So if $800M has a price of $75, then once we steal a full 1% of the world's economy away from cash, Bitcoin will be worth more like $100,000 PER COIN.

Sauce: http://falkvinge.net/2013/03/06/the-target-value-for-bitcoin-is-not-some-50-or-100-it-is-100000-to-1000000/

Yeah, I'm hoarding.  Cheesy
Haha BTCLUke ye you are righ t we are gonna be rich you and me thanks bitcoin Cheesy:D:D:D
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March 23, 2013, 09:41:58 AM
 #6

But it only becomes 1% of the world economy if more people continue to buy into bitcoins and use them. Spending a small amount might help yourself in the long run when bitcoins aren't worthless.
Kato
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March 23, 2013, 09:53:42 AM
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What is most important is how much Bitcoin usage increases as a percentage of global economic trade, not the number of "users". To the extent that "users" are simply Bitcoin speculators, Bitcoin could in principle be a Ponzi scheme with no underlying value. That's why it is important to monitor the trend of transactions excluding exchanges for currency. This site, http://blockchain.info/charts, may help. It may also help if investors also play their part in engaging in transactions. If investors are not happy to do this, it begs the question where they see the inherent value in Bitcoins. i.e. All investors should naturally also be participants.
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