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revans (OP)
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November 29, 2013, 05:14:05 PM |
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I read this somewhere but the claim was not sourced. Is it true? If not, what's the actually distribution like amongst top 50 holders?
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"Bitcoin: mining our own business since 2009" -- Pieter Wuille
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CoinCidental
Legendary
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Activity: 1316
Merit: 1000
Si vis pacem, para bellum
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November 29, 2013, 05:26:35 PM |
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fred1111
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November 29, 2013, 05:28:42 PM |
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However, as the value of BTC increases, the large holders are incited to diversify their investment (usually via USD), so the distribution gets more even with time. |
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mb300sd
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Drunk Posts
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November 29, 2013, 05:30:23 PM |
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Remember that its possible quite a few of those addresses may have been lost. |
1D7FJWRzeKa4SLmTznd3JpeNU13L1ErEco
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revans (OP)
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November 29, 2013, 05:33:54 PM |
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However, as the value of BTC increases, the large holders are incited to diversify their investment (usually via USD), so the distribution gets more even with time. Assuming they can continue to find greater fools. It could be said that Bitcoin will either continually increases in value, or collapse to nothing. As soon as there is any protracted period of price stability, all the speculative capital gets withdrawn and goes in search in a new bubble (Litecoin perhaps). The only way to prevent that is an ever increasing price, but that's not sustainable, especially as Bitcoin is not making much progress in terms of merchant acceptance. |
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Okurkabinladin
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November 29, 2013, 05:34:53 PM |
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I read this somewhere but the claim was not sourced. Is it true? If not, what's the actually distribution like amongst top 50 holders?
Satoshi alone owns million+ coins, but he hasn´t touched his wallet since 2010. Those coins could be lost for all we know. |
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revans (OP)
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November 29, 2013, 05:37:54 PM |
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I read this somewhere but the claim was not sourced. Is it true? If not, what's the actually distribution like amongst top 50 holders?
Satoshi alone owns million+ coins, but he hasn´t touched his wallet since 2010. Those coins could be lost for all we know. That alone is surely a roadblock in terms of Bitcoin ever becoming anything like the ubiquitous store of value and medium of exchange its fans hope? If those coins were ever dumped, Bitcoin would be back down to a fraction of a cent. |
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PenAndPaper
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November 29, 2013, 05:42:17 PM |
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I read this somewhere but the claim was not sourced. Is it true? If not, what's the actually distribution like amongst top 50 holders?
Satoshi alone owns million+ coins, but he hasn´t touched his wallet since 2010. Those coins could be lost for all we know. I don't think its likely for satoshi to lost his bitcoins.  |
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Okurkabinladin
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November 29, 2013, 05:44:42 PM |
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I read this somewhere but the claim was not sourced. Is it true? If not, what's the actually distribution like amongst top 50 holders?
Satoshi alone owns million+ coins, but he hasn´t touched his wallet since 2010. Those coins could be lost for all we know. I don't think its likely for satoshi to lost his bitcoins. I can spell it out for you. He could be dead, thus billion+ dollars are just lying there like some mythical treasure straight out of Tolkien. |
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freakying99
Sr. Member
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Pythagoras and Plato are my brothers.
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November 29, 2013, 05:47:38 PM |
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I read this somewhere but the claim was not sourced. Is it true? If not, what's the actually distribution like amongst top 50 holders?
Satoshi alone owns million+ coins, but he hasn´t touched his wallet since 2010. Those coins could be lost for all we know. That alone is surely a roadblock in terms of Bitcoin ever becoming anything like the ubiquitous store of value and medium of exchange its fans hope? If those coins were ever dumped, Bitcoin would be back down to a fraction of a cent. Please let it happen! It would be race who adds USD to exchanges sonner to have extremly cheap bitcoins! Soon the price woud be back  |
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MatTheCat
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November 29, 2013, 05:56:49 PM |
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I read this somewhere but the claim was not sourced. Is it true? If not, what's the actually distribution like amongst top 50 holders?
Whether it is true or not, due to increasing computational demands of mining the lionshare of the next 11 million will be mined, and possibly held by large scale corporate or even governmental (China i am thinking off) run operations. |
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Melbustus
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November 29, 2013, 05:56:53 PM |
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It's tough to ID the addresses. On one side, people can obviously control more than one address. On the other, a lot of the big addresses are likely businesses that hold funds for lots of customers; case in point: that ~195,000 BTC transaction the other day is thought to be Bitstamp....so that single address, one of the biggest, really belongs to thousands of people.
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Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
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JTrain_51
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November 29, 2013, 05:58:37 PM |
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Just take a look at this thread Im pretty sure that the guy at silkroad owns around 1 third of all btc |
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fghj
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November 29, 2013, 06:07:01 PM |
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As soon as there is any protracted period of price stability, all the speculative capital gets withdrawn and goes in search in a new bubble
Are we talking about the same bitcoin? Last time I checked every longer period of stability ended in massive (~20x) rally. |
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Cyberdyne
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November 29, 2013, 06:08:30 PM |
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Just take a look at this thread Im pretty sure that the guy at silkroad owns around 1 third of all btc You mean the FBI guy? |
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revans (OP)
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November 29, 2013, 06:10:34 PM |
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As soon as there is any protracted period of price stability, all the speculative capital gets withdrawn and goes in search in a new bubble
Are we talking about the same bitcoin? Last time I checked every longer period of stability ended in massive (~20x) rally. In which case it isn't stability is it? |
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CoinCidental
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Activity: 1316
Merit: 1000
Si vis pacem, para bellum
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November 29, 2013, 06:11:52 PM |
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Remember that its possible quite a few of those addresses may have been lost. you can see the date the top 50+ richest addresses were last accesed (most or almost all of them within this month,many just yesterday or even today ) |
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fghj
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November 29, 2013, 06:34:43 PM |
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As soon as there is any protracted period of price stability, all the speculative capital gets withdrawn and goes in search in a new bubble
Are we talking about the same bitcoin? Last time I checked every longer period of stability ended in massive (~20x) rally. In which case it isn't stability is it? How about spring 2012? For two months rate was ~5.1 it was eternity in bitcoin time there were people trying to get excited when rate moved 0.03$ (0.006%) that's less volatility in BTC/USD than it is normal between fiat currencies. I see that you registered 11 April, something tells me you must be very butthurt. |
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mb300sd
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Drunk Posts
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November 29, 2013, 06:35:42 PM |
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Remember that its possible quite a few of those addresses may have been lost. you can see the date the top 50+ richest addresses were last accesed (most or almost all of them within this month,many just yesterday or even today ) That date is the last received, anyone can send a tiny amount to those addresses. The last spent date is far more useful. |
1D7FJWRzeKa4SLmTznd3JpeNU13L1ErEco
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