Post
Topic
Board Bitcoin Discussion
Re: 0.28 bitcoin to be in the 1% of richest bitcoin holder
by
DooMAD
on 21/02/2020, 19:19:32 UTC
To be honest, I don't understand how this number is calculated. I had a quarter of BTC, so I was pretty close to this one, but why is it 1% richest holder? There are 18 million BTC in circulation, so it's really hard to believe that such a small number could make a person a part of 1% richest holders. And from the data I've encountered on the richest BTC addresses, they have quite a lot of BTC. If there're 42 million wallets, then the one owning at least 0.28 BTC should be in 420k of the richest ones, right? If what AsusPower wrote about 720k addresses with 1 BTC or more is right, I don't see how the math can work out here.

I don't know if they're basing it on this rather rudimentary equation or not, but it seems to be an odd coincidence if not:

21 million BTC / Global population of ~7.5 billion = .0028 BTC

1 is two decimal places away from 100, so move the decimal place by two... ?

I wouldn't personally feel comfortable describing it as "statistically guaranteed" if that's how they're working it out, heh.