Quote from: 1Referee on October 28, 2019, 11:40:15 AM

Quote from: bryant.coleman on October 28, 2019, 05:59:35 AM

A lot of people might have created Bitcoin wallets for fun (it takes just a few seconds). But these wallets are all empty, with no transaction ever occurring with them. I am afraid that the survey might have counted these wallets as well.

Most wallets do that automatically for convenience purposes. I however don't for a second think that they counted empty addresses because it's meaningless on its own as anyone can generate addresses out of thin air at any time. It would allow whales to easily manipulate the stats as it is practically free of any cost.

He was probably referring to web-based wallets, as blockchain dot info has.

At which point we again have some really weird statistics:
They claim to have 42 million wallets but we only have 26 million addresses with a balance on the entire chain.
Even if we consider the stupid trend of storing your coins online it's pretty obvious most of those wallets have never been used.

Neah that 14% is simply wrong, we wouldn't be hovering around 10k at that usage and we wouldn't have 300k transactions a day with fees at 1sat/b getting confirmed.