Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
ElBinBit
on 28/10/2022, 19:37:49 UTC


Quote
Here's time taken to grow Bitcoin's user base by a factor of 10.

We are in the 9th iteration; going from 100m to 1b users.

The 10th iteration will be last; 100% global adoption.
https://twitter.com/woonomic/status/1585404393008304130


In regards, to the second table listing bitcoin growth timelines, I have some difficulties considering that we are already past 100 million bitcoin users.  Sure it is possible that we have reached those numbers, and if you think about it, if the bitcoins were equally distributed, that would be 0.21 BTC per person, and we know that some users have way more than that, which would imply that some users have way less than that... like way the fuck less. .. like some people are being counted as users, and maybe they ONLY own an account on Coinbase (with zero balance) or maybe their Bitcoin holdings may well only be a few satoshis..

How many satoshis would be enough when 21 million satoshis is the current mean, if we were to divide 21 million users into 2.1 quadrillion satoshis..?  

Maybe we have millions of supposed bitcoiners who are ONLY holding around a few thousand satoshis and they count as bitcoin investors... even tens of thousands of satoshis would not cost very much at today's prices to bring your own holdings above the mode.. .. bringing yourself above the mean would be a bit more challenging for newbies with little income (cashflow), but it still may well be doable to get a few million satoshis for less than $1k... because right now you could buy 1 million satoshis for right around $207.. and maybe you would have to pay more depending on the fees that you might have to pay.


[/quote]

Quote
User = unique active user.

Active means holding BTC (accessing the economic properties of BTC).

Data is via a mix of forensic on-chain analysis (clustering addresses into entities) and unique ID-verified accounts at exchanges (via CCAF) with survey based de-duping.
https://twitter.com/woonomic/status/1585408872956973056