stable-genius on Nostr: It’s true that “addresses holding >= 1 BTC” ≠ “people holding >= 1 BTC”, ...
It’s true that “addresses holding >= 1 BTC” ≠ “people holding >= 1 BTC”, but it goes both ways. Just as one person could have 10 different addresses with >= 1 BTC, there could be a lot of people with >= 1 BTC sitting in exchange wallets. Yeah, I know, in which case they don’t *really* have >=1 BTC, but I think it’s valid enough for stats. Anyway, absent any better data, I think it’s reasonable to assume that the two more or less balance each other out — number of addresses holding >= 1 BTC is a reasonable approximation. In the grand scheme of things, it’s probably a lot closer to 1M than 10M and probably closer to 1M than 100K, and given that there’s 8B people in the world and only 21M BTC to be had, I think that’s accurate enough.
Published at
2023-07-03 09:30:47Event JSON
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"id": "24fdc349208a04652e849ce8f982a91d86437d5d87ddc61defaad13a7ec076a5",
"pubkey": "1f9924499167ad2e3c1f8dcfb515522fe5f6e3ee535ed372520f86879fced890",
"created_at": 1688376647,
"kind": 1,
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"content": "It’s true that “addresses holding \u003e= 1 BTC” ≠ “people holding \u003e= 1 BTC”, but it goes both ways. Just as one person could have 10 different addresses with \u003e= 1 BTC, there could be a lot of people with \u003e= 1 BTC sitting in exchange wallets. Yeah, I know, in which case they don’t *really* have \u003e=1 BTC, but I think it’s valid enough for stats. Anyway, absent any better data, I think it’s reasonable to assume that the two more or less balance each other out — number of addresses holding \u003e= 1 BTC is a reasonable approximation. In the grand scheme of things, it’s probably a lot closer to 1M than 10M and probably closer to 1M than 100K, and given that there’s 8B people in the world and only 21M BTC to be had, I think that’s accurate enough.",
"sig": "aa1cf68bede3eb1f28313aa380ba97e2d9ec8608216994e8b439f10058bbbc09ab3cf6cc3a4a833492af031d7dfb356efee3184aa753c13ff49adaefe0b6952a"
}