Post
Topic
Board Economics
Re: Distribution of bitcoin wealth by owner
by
Carlton Banks
on 29/03/2014, 16:58:01 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 Mt.Gox, because it is an old exchange, probably hosted larger balances than the others, otoh many had withdrawn them due to the problems.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

What evidence is there that the Mt Gox leak was complete? There are a few potential reasons for the hacker to release an incomplete dataset, plus they didn't necessarily get the whole dataset. How many accounts with all zero balances were in the data? Why were transaction history and full personal details not released? Clearly not all types of account data were leaked, which implies either incomplete access or incomplete disclosure.