Post
Topic
Board Bitcoin Discussion
Re: Best metric for evaluating Bitcoin adoption rate over time
by
deisik
on 22/11/2016, 17:03:52 UTC
To objectively estimate the number of users actually using Bitcoin, anyone can see from Blockchain link here https://blockchain.info/wallet/#/ how many wallets are there now. Blockchain is largest Web wallet, so you can see actual number of Bitcon users - around 8 millions now.

This number is as irrelevant as misleading since a user can create an arbitrary number of wallets. Even if each wallet matched one user exactly, this figure still would not be of great help since, first, we can't see how it changed over time, and, second, there might be a lot of abandoned wallets of users who are no longer interested in Bitcoin (negative adoption, or disadoption of sorts). As you can see, the number of Bitcoin users doesn't necessarily tell us the real adoption rate, which is a bit counterintuitive, of course...

That's why I started this thread addressing that point exactly