Post
Topic
Board Economics
Re: Distribution of bitcoin wealth by owner
by
rpietila
on 29/03/2014, 15:00:25 UTC
I am trying to make up something from the current data. But it is hard - Mt.Gox celebrated 1 million users, dataleak revealed 70,000.

Coinbase claims 1 million users, does it also round up with a heavy hand?

How many bitcoins are stored in exchanges and similar services? 3-4 million?

Mt.Gox data shower an average balance of 12 bitcoins. For many, that is not even all, meaning that the actual average is higher. Mt.Gox, because it is an old exchange, probably hosted larger balances than the others, otoh many had withdrawn them due to the problems.

I think the evidence points out to 700k-1M users but would like to hear comments on the methods and not just "voting on the results" Wink