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Author Topic: Bitcoin wealth distribution  (Read 1159 times)
accord01 (OP)
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December 16, 2013, 05:59:33 AM
 #1

I'm curious as to what exactly the pie chart looks like here.  I know that just 3 years ago, the distribution was very lopsided to a quite small community.  I think it comes down to how disciplined are people who had a lot willing to hold.

Here are my estimates of current distribution: 

Mainstream individuals (people with less than 1000 btc's): 30%, Early adopters/whales: 20%, Institution/companies: 20%, government: 5%, mystery/lost: 25%*

*could interchange with gov't
bryant.coleman
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December 16, 2013, 06:14:58 AM
 #2

Take a look:



29% of all the Bitcoins are owned by just 47 people!!!!!!!!!!!!!
accord01 (OP)
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December 16, 2013, 06:50:33 AM
 #3

Take a look:



29% of all the Bitcoins are owned by just 47 people!!!!!!!!!!!!!

still?  is this current or a bit outdated?
nate008
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December 16, 2013, 07:10:08 AM
 #4

Take a look:



29% of all the Bitcoins are owned by just 47 people!!!!!!!!!!!!!

I would say less than 47.
Highly probable some of the top 100 addresses are from the same wallet.
bryant.coleman
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December 16, 2013, 07:48:17 AM
 #5

still?  is this current or a bit outdated?

It is just 2 weeks old. So there should not be any major changes.

I would say less than 47.
Highly probable some of the top 100 addresses are from the same wallet.

No. It is not the number of wallets. It is the number of people. 
kcud_dab
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December 16, 2013, 07:49:53 AM
 #6

source/proof ?

nate008
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December 16, 2013, 07:55:36 AM
Last edit: December 16, 2013, 02:47:17 PM by malevolent
 #7

I would say less than 47.
Highly probable some of the top 100 addresses are from the same wallet.

No. It is not the number of wallets. It is the number of people.  

How can somebody know that there are 47 people holding those coins?
There must be a list with their names also is that's true.
bryant.coleman
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December 16, 2013, 08:05:55 AM
 #8

source/proof ?

There is a detailed thread somewhere in Bitcointalk. Right now I can't find it. The OP used some kind of reliable methodology to tag wallets owned by the same individual.
nate008
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December 16, 2013, 09:07:53 AM
 #9

source/proof ?

There is a detailed thread somewhere in Bitcointalk. Right now I can't find it. The OP used some kind of reliable methodology to tag wallets owned by the same individual.

Probably this:
https://bitcointalk.org/index.php?topic=316297.0

Pure speculation. Proven wrong when the feds collected the bitcoins from multiple addresses.
bryant.coleman
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December 16, 2013, 09:13:10 AM
 #10

Probably this:
https://bitcointalk.org/index.php?topic=316297.0

Pure speculation. Proven wrong when the feds collected the bitcoins from multiple addresses.

Yes. I found it quite reliable. And rpietila is  a reputed member here, with lots of experience.
nate008
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December 16, 2013, 09:37:15 AM
 #11

Probably this:
https://bitcointalk.org/index.php?topic=316297.0

Pure speculation. Proven wrong when the feds collected the bitcoins from multiple addresses.

Yes. I found it quite reliable. And rpietila is  a reputed member here, with lots of experience.

And is also known for other things , like  spending some time in a mental institution , and let's say I don't trust this 47 number at all.
Also , you consider the FBI , 1 person?
Same for the Winki - something guys?
BitBeat
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December 16, 2013, 11:50:48 AM
 #12

So 75% of all the coins is owned by less than 11.000 individuals and 5% lost?

Hell people flocked to it and didn't stop to think that bitcoins value is in transaction usability. If it doesn't get moving its not worth anyithing. Or to rephrase it its is only worth something until the first whale decides to reinvest and dumps his 100.000 coins.

People will get bored with it at this pace.
I know it can be divided to the satoshi and price of a single bitcoin is irrelevant from that point of view, but the risk of having these huge whales free to dump at anytime? That is instability that will drive away millions of potential users that spend money on the net.
bryant.coleman
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December 16, 2013, 11:54:12 AM
 #13

So 75% of all the coins is owned by less than 11.000 individuals and 5% lost?

Hell people flocked to it and didn't stop to think that bitcoins value is in transaction usability. If it doesn't get moving its not worth anyithing. Or to rephrase it its is only worth something until the first whale decides to reinvest and dumps his 100.000 coins.

From what I've heard, only one individual (Satoshi ?) is having more than 100 K coins. There is another wallet which is tagged "DPR seized coins", but some people are saying that it actually belongs to BTC-E.
Sindelar1938
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December 16, 2013, 12:22:08 PM
 #14

Interesting, fact is the top 10000 guys own more than 75% of coins
For BTC to succeed that % has to drop significantly over time and disperse geographically as well

nate008
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December 16, 2013, 12:34:24 PM
 #15

So 75% of all the coins is owned by less than 11.000 individuals and 5% lost?

Hell people flocked to it and didn't stop to think that bitcoins value is in transaction usability. If it doesn't get moving its not worth anyithing. Or to rephrase it its is only worth something until the first whale decides to reinvest and dumps his 100.000 coins.

From what I've heard, only one individual (Satoshi ?) is having more than 100 K coins. There is another wallet which is tagged "DPR seized coins", but some people are saying that it actually belongs to BTC-E.

You're making a mess of this.

Satoshi Nakamoto owns a few hundred if not thousands addresses that contain the block rewards since in the begging he was one of the few miners , if not the only one at start.
Those coins haven't moved.

The wallet tagged DPR seized coins are indeed the coins from the SR , and we have the FBI statement on this.

The Winki brothers have stated they own more than 100k coins.

The mess with the BTC-E coins is with the coins from the Sheep Market scam.

Also since you like Rpietila posts:
https://bitcointalk.org/index.php?topic=321265.0





PenAndPaper
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December 16, 2013, 12:36:40 PM
 #16

No matter if that chart is right or not there is a huge unbalance in bitcoin distribution which has some donwsides of course but doesn't mean much.
bryant.coleman
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December 16, 2013, 02:47:22 PM
 #17

You're making a mess of this.

Satoshi Nakamoto owns a few hundred if not thousands addresses that contain the block rewards since in the begging he was one of the few miners , if not the only one at start.
Those coins haven't moved.

The wallet tagged DPR seized coins are indeed the coins from the SR , and we have the FBI statement on this.

The Winki brothers have stated they own more than 100k coins.

The mess with the BTC-E coins is with the coins from the Sheep Market scam.

Also since you like Rpietila posts:
https://bitcointalk.org/index.php?topic=321265.0

OK. Got it now.  Grin

The Winki ETF is owned by more than one individual, and the total number of coins is exactly 100K. So we can't count him among the 100K+ owners.
Jcw188
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December 16, 2013, 03:16:29 PM
 #18

It seems to me that a lot of individuals could use tricks to make it so it appears they are more than 1 person when in actuality it's a small number of people who have most of the coins.  This is a concern of mine as the price begins to take off.



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