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Author Topic: Looking for explanation of this chart.  (Read 969 times)
ElectricMucus
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August 02, 2012, 01:13:39 PM
 #1



The hosts connected to the bitcoin network seem to be following exponential decay.
Yet currently prices are ramping up.... Why do you think that is?
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Cablez
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August 02, 2012, 01:15:49 PM
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Where did you find this chart?  Does it have more data from before the pop?

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ElectricMucus
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August 02, 2012, 01:19:28 PM
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Where did you find this chart?  Does it have more data from before the pop?
Just look at the url  Smiley
http://bitcoinstatus.rowit.co.uk

I don't think the chart got more data. It could have been similar to a probability density function, ramping up and decaying down.
Yuhfhrh
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August 02, 2012, 01:20:06 PM
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Very strange chart, its not what I would expect at all.
ElectricMucus
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August 02, 2012, 01:23:08 PM
 #5

Well assuming the chart is current possible explanations I can think of are:

  • People just don't use the client as often/start it only when they need it
  • More webwallets
  • Less people are involved with bitcoin but those who are put way more in
Yuhfhrh
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August 02, 2012, 01:28:53 PM
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Well assuming the chart is current possible explanations I can think of are:

  • People just don't use the client as often/start it only when they need it
  • More webwallets
  • Less people are involved with bitcoin but those who are put way more in
I'm hoping #3 isn't the case
Cablez
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August 02, 2012, 01:53:50 PM
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I am guessing with the alternatives in bitcoin clients #1 is a good bet.  The satoshi client is slow loading and getting bulkier by the day. I could see why people would not want to run it all the time.

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thezerg
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August 02, 2012, 02:07:24 PM
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People holding on the exchanges.  Web wallets look at the blockinfo graphs.  System is perceived more secure if the client isnt running.  Paper wallets.
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August 02, 2012, 02:10:24 PM
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People holding on the exchanges.  Web wallets look at the blockinfo graphs.  System is perceived more secure if the client isnt running.  Paper wallets.

Yeah I wonder how many people just use mt gox for their wallet?
Lethos
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August 02, 2012, 02:11:40 PM
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The standard client while very popular in the beginning, their is a lot of alternatives now, hence more spread on that, many of these alternatives, don't have to download the entire blockchain, for example Electrum is popular for this. I'm sure web-wallets are contributing a little to this, but also it could be a simple as more people are realising they don't need to have it open 24/7 and thus don't.

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waspoza
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August 02, 2012, 02:43:23 PM
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Blockchain.info's web wallet user base is constantly growing: https://blockchain.info/charts/my-wallet-n-users
ElectricMucus
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August 02, 2012, 03:21:12 PM
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Blockchain.info's web wallet user base is constantly growing: https://blockchain.info/charts/my-wallet-n-users

Good that accounts for upto 18k of the loss of clients. (People could have both)

So 27k are unaccounted for till we arrive at equilibrium more than that to explain rise in BTC prices with growth.

Shouldn't the electrum client still be counted for a connected host or do they use a different protocol?
apetersson
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August 02, 2012, 03:29:08 PM
 #13

i would really like to see an overlay graph with the popular webwallets (active users last week) android installs, multibit installs, electrum installs, active users on exchanges (used like webwallets)
but i think that kind of data might be hard to gather.
Spekulatius
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August 02, 2012, 03:55:22 PM
 #14

This has been discussed before, pls use the search function (im to lazy to do it for you right now, pls excuse, otherwise I would provide u the link)
ElectricMucus
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August 02, 2012, 06:16:29 PM
 #15

This has been discussed before, pls use the search function (im to lazy to do it for you right now, pls excuse, otherwise I would provide u the link)
I know but there was insufficient data available at that time.
jimbobway
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August 02, 2012, 06:27:23 PM
 #16

Web wallets, mt. gox, etc. don't connect to the network.  More people are using those.
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