z

[alexkravets]

There's lots of chatter about early hoarders in light of the new paper, here's one post which embeds informative graphs and relevant links
http://www.loper-os.org/?p=1009

1. I happen to disagree with the conclusions for several reason, I don't think the distribution of owners / hoarders is nearly as top heavy as it used to be and I think it's getting less top heavy with time.
2. Early adopters are unlikely to call cash out at the same time unless most of early 78% of hoarded coins are held by nefarious gov't organizations
3. Massive selling does not need to lead to the end of bitoin and the price can and will recover in the future, hence it's not necessarily a kill switch

[1714153007]

1714153007

[1714153007]

1714153007

[1714153007]

1714153007

[smoothie]

Why does this thread state it is the 500 RICHEST addresses yet when I put it into excel it's something like the top 410 addresses...

Can you fix this?

[smoothie]

I see, so instead of changing your script from "410" to "500" as you advertised, you change the thread name....

May as well be the two 4 addresses if that's the case. lol 

[smoothie]

    - There is a byte limit to the size of a post. This is the reason why there are only 410 lines in the post.
      Adding the full 500 goes over the limit imposed by the forum.

why not just break it up to two post? 250 on one and 250 on another? Just an idea

That would be too difficult. lol

[chriswilmer]

I would like to see this updated! 

[AfricanHunter]

Neat!

Does anyone want to claim one of them and show off your epeen?

[chriswilmer]

I would like to see this updated! 

Your wish has been granted, but please recall
that you can use the tool that creates this list
yourself at any time.

Thanks!

[Rassah]

*checks*......
Yay for using Armory, and splitting up the coins among a few dozen addresses 

[TheDarKnight]

I don't get it, if those are just addresses what do they show?? Someone owns them on a Bitcoin client?? How do we know where the money is??? I am confused.

[Fiyasko]

10000.00000000 11de35c5727122f4f58517a8d963b208442dc3a3 12dUggmXPYsPVHaHr1DoW5J6bb6gvh4yZq Sun Dec 19 02:21:49 2010

Wow, Untouched for so long

[gabbergabe]

interesting.....

[StarenseN]

Knowing this, is it possible to know the amout of BTC that are "lost" if lost = unused for 2 years?

[Fuzzy]

Knowing this, is it possible to know the amout of BTC that are "lost" if lost = unused for 2 years?

I bet there is a $/BTC point where most people started taking bitcoin seriously enough to backup their wallets before reformatting.

There should be an app that counts all the bitcoin addresses that haven't had any transactions since the exchange was at $x/BTC and gives you the total number of bitcoins likely lost.

That wouldn't account for forgotten passwords or coins sent to the wrong address etc since then, but it'd still be interesting to see the number.

[gweedo]

Knowing this, is it possible to know the amout of BTC that are "lost" if lost = unused for 2 years?

I bet there is a $/BTC point where most people started taking bitcoin seriously enough to backup their wallets before reformatting.

There should be an app that counts all the bitcoin addresses that haven't had any transactions since the exchange was at $x/BTC and gives you the total number of bitcoins likely lost.

That wouldn't account for forgotten passwords or coins sent to the wrong address etc since then, but it'd still be interesting to see the number.

That wouldn't be accurate, cause I know people that have just stuck some bitcoins in addresses that they never use. Me included, I have a couple address that have no transactions but just one for over 6 months. So that is a horrible way to show if coins are lost or unable to be used.

[StarenseN]

Of course, but most likely lost bitcoins are lost so without movement since let's say <2 years is a good estimation no?

[Fuzzy]

That wouldn't be accurate, [...] So that is a horrible way to show if coins are lost or unable to be used.

I never said it would be 100% accurate. I'm sure there are SOME addresses without any transactions for over 2 years that the owners still have access to.

I have a couple address that have no transactions but just one for over 6 months.

Then it's not inactive for over 2 years, is it?  


What more accurate method could you suggest then?

[gweedo]

That wouldn't be accurate, [...] So that is a horrible way to show if coins are lost or unable to be used.

I never said it would be 100% accurate. I'm sure there are SOME addresses without any transactions for over 2 years that the owners still have access to.

It is 0% accurate it is just being lucky...

I have a couple address that have no transactions but just one for over 6 months.

Then it's not inactive for over 2 years, is it? 

Smart ass I see...

What more accurate method could you suggest then?

There is no accurate method, and that is the great thing about bitcoins, you mess up, you learn a lesson. That is how people are going to be become better bitcoiners. I think looking for those "lost coins" is a waste of time.

[Fuzzy]

That wouldn't be accurate, [...] So that is a horrible way to show if coins are lost or unable to be used.

I never said it would be 100% accurate. I'm sure there are SOME addresses without any transactions for over 2 years that the owners still have access to.

It is 0% accurate it is just being lucky...

No, 0% accuracy is what we get with your suggestion of "don't bother trying to find out".

We know there are 10,676,550 mined bitcoins as of this writing, and if 500,000 of those haven't moved in 2 or even 3 years then at least we have SOME idea of how many dead coins there MAY be.

There is no accurate method, [...] I think looking for those "lost coins" is a waste of time.

I don't consider pursuits of curiosity to be a waste of time.

[StarenseN]

You see, odds and bla bla... well I stop trying 

[knight22]

What's the total of adresses in the network?