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Author Topic: In which percentile does owning (insert number) BTC belong?  (Read 1359 times)
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July 27, 2013, 09:27:12 AM
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Just curious, surely there are numbers and a graph of distribution out there?
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July 27, 2013, 01:26:52 PM
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To collect the data required to do this would mean finding the balance of every single Bitcoin address.

Is that even possible?

If it is possible it sounds very difficult.

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July 27, 2013, 03:42:24 PM
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If you own 1 bitcoin, then only about 21,000,000 other people could have the same amount as you (that number is currently lower, because all the coins have not been generated yet).

If you own 21 bitcoins, then you are one of 1,000,000, when all coins have been generated.

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July 27, 2013, 06:12:05 PM
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Just curious, surely there are numbers and a graph of distribution out there?

It is not possible to know that because there is no way to know how many bitcoins a person owns. You can easily find out the distribution of bitcoins per address, but there is no way to translate that to bitcoins per person because most people have multiple addresses.

There is a poll here: https://bitcointalk.org/index.php?topic=164662.0
I doubt its accuracy, but it is probably your best source.


To collect the data required to do this would mean finding the balance of every single Bitcoin address.
Is that even possible?
If it is possible it sounds very difficult.

It is not difficult because that information is in the block chain. That is how a wallet calculates its balance.

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July 28, 2013, 05:05:05 AM
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In which percentile does owning (insert number) BTC belong?
Just curious, surely there are numbers and a graph of distribution out there?

well using easy numbers, lets say 12million. if you own 1.2mill coins you own 10% of the circulation
120,000=1%
12,000=0.1%
1,200=0.01%
120=0.001%

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July 28, 2013, 06:43:47 AM
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"It is not possible to know that because there is no way to know how many bitcoins a person owns. You can easily find out the distribution of bitcoins per address, but there is no way to translate that to bitcoins per person since most people have multiple addresses."

Duh, ofcourse...Smiley

It's possible to find relation between some addresses when coins are combined from many addresses
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July 28, 2013, 09:51:08 AM
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http://eprint.iacr.org/2012/584.pdf

There actually seemt to exist several people who study the blockchain intensivley.
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