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Author Topic: ❢❢❢ How many coins is a lot? (Finally, answer inside!)  (Read 4289 times)
solitude
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February 16, 2015, 09:33:25 PM
 #21

bump

Hardly anyone speaks English on this forum.
lyth0s
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February 17, 2015, 07:05:55 AM
Last edit: February 17, 2015, 08:16:49 PM by lyth0s
 #22

Following. Nice methodology. Sometimes when you cannot observe the stuff directly, it is indeed valuable to construct the distribution solely based on theory, maths and bounds. Otherwise you have nothing to play with, and obviously something is better than nothing, if you know the limits of the something.

My current understanding of the number of bitcoin owners is in the ballpark of 2-5 million (many services report that many wallets), but when we put this into the Gini perspective, the results show that only about 100k own a meaningful amount.

In Satoshi Roundtable, my closing comment was that Bitcoin early adopter period (usually defined as the first 0.1%-2.5% of the eventual adoption of the technology) is hopefully about to begin in 2015 (innovator stage of the 0-0.1% being soon fulfilled Wink )

Don't you think that the innovators are the first 2.5%? Currently we are at about 0.025% if we say there are 2 million users with 8 billion people worldwide.

Something like this is my only real reference: http://www.ou.edu/deptcomm/dodjcc/groups/99A2/theories.htm but I'd love to hear more of your opinion on the matter.

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February 17, 2015, 07:07:57 AM
 #23

q: how many coins is a lot?
answer: at least 5x the amount that the people around you have

simple
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February 17, 2015, 04:59:16 PM
 #24

OP has a lot of maths there. I think OP's approach is owning a "percentage of all coins". It doesn't take into account of the demand for bitcoin and price of bitcoin. If bitcoin is worth $300, 400btc is a lot, whereas bitcoin is $50, 400btc is not.
Yeah back in the day 800 coins were next to shit nothing. Nobody expected BTC to even reach dollar parity let alone 1000. It could go to 1MM in the future and then 800 is tonnes.
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