Here's the problem with the exchange theory.
These wallets show a very consistent growth in iXcoins.
An exchange would see wild fluctuations as people sell, transfer and withdraw large amounts. Like I pulled out 500,000 IXC in just 1 day and I did the same from vircurex when I moved to Cryptsy.
If it was the ixcoin cold wallet for an exchange you wouldn't see constant withdrawals. With a large number of peope merge mining to their exchange address this would create a surplus in the hot wallet which would periodically be sent to the cold wallet in large chunks.
Ok, that makes sense.
Is there any way we can find out how many iXcoin holders we have. Just a rough estimate.
How many individual merge miners do you think we have right now? Merge Miners will be most of our coin holders right now.
Thanks!