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Fuzzy
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February 06, 2013, 06:24:58 PM
 #121

I would say that most of the lost coins are the ones that were mined when Bitcoins were still seen as funny money, before they were $1 each.

Using this data that was at the beginning of 2011.

So see what total you get if you only count addresses that have had no incoming/outgoing transactions since 2010.

Now that I think about it, anyone can deposit lint into an account to make it look active, but only the owner with full access could make a withdraw.

So I'd personally consider any address without any withdraws since before 2011 as being lost. Once Bitcoins hit dollar parity, I'd think anyone looking to store them would move them into a new and more secure wallet.

And yes, this is all hearsay/speculation/estimation/not 101% accurate  Roll Eyes
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February 06, 2013, 07:26:43 PM
 #122

And now, you're plain old not making any sense at all. What on earth
are you talking about ?


I don't know...  Undecided

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February 20, 2013, 02:14:39 AM
 #123

Last updated on 2013-01-31:

Going to run another list? Thanks.

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February 20, 2013, 10:16:54 AM
 #124

My calculations are:
412 addresses, 3,424,831.01 BTC total, 8312.6966 average.

Value at $29.30 / BTC (roughly the current rate):
$100M total, $223K average, $87K lowest
31% of the issued Bitcoins are held by the top 412 Addresses.

I'm sure many of these are businesses, some being the cold storage of numerous people's individual accounts (at Mt. Gox, Coinbase, etc).

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February 25, 2013, 06:12:10 PM
 #125

I wonder whether it's a coincidence that 111111 is ? in binary.

My chip goes to the address being DPR's.
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February 25, 2013, 06:32:42 PM
 #126

I can't imagine the stress that goes into handling these wallets. You have 2.3 million on a computer, sure it's backed up several times, but you have 2.3 million is an artificial currency that legally amounts to nothing. You can't turn that amount of money into cash without paying 55% taxes on 100% of it because accounting doesn't exist for bitcoins, so what do you do? Just withdrawal a modest six figure salary a year to some anonymous source and leave that gigantic amount in bitcoins? The bitcoin price dropping by 1 dollar causes you to lose 60 grand, and while the vice versa also applies, there is no "long term" insurance for bitcoins because it's not a real currency. It won't last another 249329423x years, and that x could turn out to equal 5 years, you just don't know. A major sell off of bitcoins by someone causes massive deflation.

I know that the people who end up making it big are the ones who take risks in stuff like this, but jesus christ that is a little much.

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crime generates tenfold more money then real businesses do in bitcoin. the fact you cant accept this just makes you a kike

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February 25, 2013, 06:41:49 PM
 #127

I can't imagine the stress that goes into handling these wallets. You have 2.3 million on a computer, sure it's backed up several times, but you have 2.3 million is an artificial currency that legally amounts to nothing. You can't turn that amount of money into cash without paying 55% taxes on 100% of it because accounting doesn't exist for bitcoins, so what do you do? Just withdrawal a modest six figure salary a year to some anonymous source and leave that gigantic amount in bitcoins? The bitcoin price dropping by 1 dollar causes you to lose 60 grand, and while the vice versa also applies, there is no "long term" insurance for bitcoins because it's not a real currency. It won't last another 249329423x years, and that x could turn out to equal 5 years, you just don't know. A major sell off of bitcoins by someone causes massive deflation.

I know that the people who end up making it big are the ones who take risks in stuff like this, but jesus christ that is a little much.


The people who started mining that long ago were not in it for the money. I don't think anyone was. They were in if for the fundamental idea of what bitcoin stood for.

I would think that the kind of people who supported such an idea, enough to take the time and mine them at a loss when they were worth nothing, are content in their lives and aren't dying to cash in and get mildly rich. They are clearly in it for the long haul, and I wouldn't be surprised if they actually started donating them further down the line once a few bitcoins are enough really solve some problems.

But who knows.
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March 01, 2013, 08:34:10 PM
 #128

done

You haven't been tracking these over time, by any chance, have you?

I'd love to see if the quantity required to be on the list rises or falls over time, and maybe a graph showing what the quantities have been for various positions on the list:

- top of the list
- position 100
- position 200
- position 300
- position 400
- last on the list

Are the rich getting richer?  Is wealth consolidating?  Is wealth dispersing as $/BTC rises?



Oh, and I'd love to see another list when you get a chance.

Just to capture this for future reference....

For the current (2/23) list:
#1:  111111.11257544
100: 9059.77000000
200: 4994.00000000
300: 3850.06000000
400: 3000.00000000
412: 2981.31200000  (last)
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March 01, 2013, 11:08:22 PM
 #129

Very cool list

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March 02, 2013, 04:33:15 AM
 #130

I can't imagine the stress that goes into handling these wallets. You have 2.3 million on a computer, sure it's backed up several times, but you have 2.3 million is an artificial currency that legally amounts to nothing. You can't turn that amount of money into cash without paying 55% taxes on 100% of it because accounting doesn't exist for bitcoins, so what do you do? Just withdrawal a modest six figure salary a year to some anonymous source and leave that gigantic amount in bitcoins? The bitcoin price dropping by 1 dollar causes you to lose 60 grand, and while the vice versa also applies, there is no "long term" insurance for bitcoins because it's not a real currency. It won't last another 249329423x years, and that x could turn out to equal 5 years, you just don't know. A major sell off of bitcoins by someone causes massive deflation.

I know that the people who end up making it big are the ones who take risks in stuff like this, but jesus christ that is a little much.

where does the 55 % figure come from? isn't capital gains tax 28 %?
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March 02, 2013, 07:15:29 AM
 #131


As such it is possible to go back and calculate that list at any
given point in the past.


Of course!  Why didn't I think of that.
I wonder if a graph over time would be meaningful!  All sorts of interesting conclusions conclusions could be drawn... (some of them even accurate!)
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March 02, 2013, 02:03:24 PM
 #132

Let's help people!
Who will invent the "Who wants to be a bitcoinnaire" show?

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March 02, 2013, 02:35:06 PM
 #133

I'm genuinely surprised hardly anyone has hit the 100,000 Bitcoin mark yet, it must be because there still aren't a lot of Bitcoin businesses about, then again, the real richest Bitcoin users may have smartly hidden their addresses from public view or switched computers etc. to prevent the larger amounts being found.
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March 02, 2013, 02:47:17 PM
 #134

I'm genuinely surprised hardly anyone has hit the 100,000 Bitcoin mark yet, it must be because there still aren't a lot of Bitcoin businesses about, then again, the real richest Bitcoin users may have smartly hidden their addresses from public view or switched computers etc. to prevent the larger amounts being found.

The top 100 addresses can belong to the same person for all we know. You cannot hide an address from public view and you can just as easily split your funds to hundrends of them.
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March 03, 2013, 01:30:54 PM
 #135

It's a little surprising that the minimum balance continues to increase.  I'd have expected things to start diluting around now with the "entry" requirements stopping increasing.  However it's gone from 2700 BTC to about 3000 BTC, or approx 10% increase, in just over two months...

I can't see it getting above 5000 BTC.  I'd be very surprised if it ever reached 4000 BTC.  Of course, it is subject to gaming to some extent.
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March 03, 2013, 05:56:32 PM
 #136

I'm genuinely surprised hardly anyone has hit the 100,000 Bitcoin mark yet, it must be because there still aren't a lot of Bitcoin businesses about, then again, the real richest Bitcoin users may have smartly hidden their addresses from public view or switched computers etc. to prevent the larger amounts being found.

The top 100 addresses can belong to the same person for all we know. You cannot hide an address from public view and you can just as easily split your funds to hundrends of them.

That's what I do and what I'm planning to do to be honest, it's a bit like with Bittorrent where you find safety in numbers, that and a good VPN as well as a laptop Tongue
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March 04, 2013, 02:41:08 PM
 #137

I'm genuinely surprised hardly anyone has hit the 100,000 Bitcoin mark yet, it must be because there still aren't a lot of Bitcoin businesses about, then again, the real richest Bitcoin users may have smartly hidden their addresses from public view or switched computers etc. to prevent the larger amounts being found.

I split all my coins into multiple wallets, all eggs in one basket = too much to loose.

/still on the list Cheesy
//seriously considering cashing a significant amount out to buy a house or an RV.
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March 06, 2013, 06:02:03 PM
 #138

What is the exact command you use to create such a list?(parser)

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March 06, 2013, 07:49:34 PM
 #139

 111111.11257544

top address currently worth $5,265,555.62 thats some serious confidence in the bitcoin network. Long may it last.  Wink
naima53
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March 07, 2013, 05:10:07 PM
 #140

What is the exact command you use to create such a list?(parser)

Assuming that:

   1. You have a linux 64bit box, preferably of the debian/ubuntu persuasion
   2. You have an up to date satoshi blockchain in your home directory (that is the case if you use the default bitcoin client)

then, something along the lines of:

Code:

    sudo apt-get install libssl-dev build-essential g++-4.4 libboost-all-dev libsparsehash-dev git-core perl
    git clone git://github.com/znort987/blockparser.git
    cd blockparser/
    make
    ./parser balances --limit=500 > 500.txt


Wait ~5mn... result is in file 500.txt


Thank you!

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