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Author Topic: How many people own bitcoins (estimate)  (Read 1140 times)
vm_mpn
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September 30, 2014, 09:54:13 PM
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Interesting read (old article though): Kind of curious how numbers changed in the last 9 month.

https://bitscan.com/bitnews/item/how-many-people-really-own-bitcoins-and-why-does-it-matter
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tzortz
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September 30, 2014, 10:09:15 PM
 #2

Very difficult to calculate.

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franky1
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September 30, 2014, 10:14:24 PM
 #3

mtgox had atleast 700k users that registered with mtgox and gave away their home addresses for AMLKYC....

now think about the large amount that wantd to stay anonymous ontop of those that disclosed info.. im thinking 2million in 2012-2013. and atleast 4x that this year since the average number of unique bitcoin addresses used per day moved from an average of 50k last year to 200k unique addresses used per day, this year

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vm_mpn
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September 30, 2014, 11:02:01 PM
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mtgox had atleast 700k users that registered with mtgox and gave away their home addresses for AMLKYC....

now think about the large amount that wantd to stay anonymous ontop of those that disclosed info.. im thinking 2million in 2012-2013. and atleast 4x that this year since the average number of unique bitcoin addresses used per day moved from an average of 50k last year to 200k unique addresses used per day, this year

Interesting... So the article number was a way off.
cryptworld
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September 30, 2014, 11:19:24 PM
 #5

it is very difficult because there is many address owning to a single person and many transactions from single addresses
I read there is a blockparser to calculate it approximately but I couldn't make it work
franky1
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September 30, 2014, 11:22:26 PM
 #6

it is very difficult because there is many address owning to a single person and many transactions from single addresses
I read there is a blockparser to calculate it approximately but I couldn't make it work

thats why you dont try basing users based on bitcoin addresses.. but by factual info such as users signing up to services that give away home addresses. and then factor in an amount of people that wont give away home addresses, and add that on..

using blockchain addresses is just randomness used as just pattern recognition

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franky1
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October 01, 2014, 01:55:26 AM
 #7

I investigated this subject a couple months ago and came across this useful post.

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

even in the first post of that link there is on massive misconception

#People

#People =bitcoin addresses.. NOT ACTUAL individual human biological living people

edit: the link *might* be based on user account balances rather that the deposit addresses

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Don't take any information given on this forum on face value. Please do your own due diligence & respect what is written here as both opinion & information gleaned from experience. If you wish to seek legal FACTUAL advice, then seek the guidance of a LEGAL specialist.
vm_mpn
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October 01, 2014, 02:16:29 AM
 #8

I investigated this subject a couple months ago and came across this useful post.

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

Thanks U! Great thread.
juju
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October 01, 2014, 02:47:48 AM
 #9

I investigated this subject a couple months ago and came across this useful post.


Thanks U! Great thread.

The thing you need to remind yourself while researching this, like franky1 was saying: 1 Address != 1 User of Bitcoin

Let us propose a situation, what if I sent small amounts of Bitcoin to 600 addresses that I have the private key for. Does that makes me 600 people for all the wallets I have? I am but one user
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October 01, 2014, 02:55:37 AM
 #10

I think it is difficult to estimate. Because all the transaction on BTC are used to be as anonymous.
Sindelar1938
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October 01, 2014, 03:26:02 AM
 #11

I have heard figures cited in the 1-3mn people range. That sounds plausible to me if one assumes that every person owns 5-10 wallets

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