Quote from: zehro on August 04, 2017, 03:14:55 PM

Quote from: TonTon on August 04, 2017, 10:08:24 AM

Dear members,

I was recently asked the following question on the Russian Thread: where does the info about '110 BTC Owners dying every day' come from?
Here is simple arithmetic:

Data about the amount of cryptocurrencies' owners from University of Cambridge research paper: "The current number of unique active users of crypocurrency wallets is estimated to be between 2.9 million and 5.8 million." (1). The research was published in May, so it is reasonable to assume that today the amount of users is closer to 5 million, rather than 3 million.

Data about the amount of daily deaths: 151,600 people die every day (2)

The ratio of people using cryptocurrency in the world: 5 million / 7000 billion = 0.0007

Multiply the amount of daily deaths and the ratio of people using crypto: 0.0007 * 151,600 = 106.12

Thus, approximately 110 BTC owners die everyday.

Sources:
1) https://www.jbs.cam.ac.uk/fileadmin/user_upload/research/centres/alternative-finance/downloads/2017-global-cryptocurrency-benchmarking-study.pdf
2) http://www.ecology.com/birth-death-rates/

Your calculations are flawed. Especially given the fact, that the leading cause of death is cardiovascular diseases which mainly means dying of old age. If you give me statistics of people over 65 using cryptocurrencies, I would be surprised to see a significant number. And then on the other cause of death including infections and various diseases in less developed parts of the world certainly can't be included in the cryptocurrency users statistics as they barely have an access to electricity, not to talk about child deaths etc. What I'm trying to say is that cryptocurrency users actually are not a part of the dying kind as they are mostly young and live in developed countries. I would make that number at least 10x smaller. But yeah, accidents happen.

Our service also works if smb decides to reallocate to Monastery or just lost the key of the wallet. But for deaths your correction sounds reasonable. We will try to get more detailed stats & update info then. Thanks for the calculations!