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20 sats \ 4 replies \ @DarthCoin 15 May 2023 \ on: One Million Bitcoin Wallets now Hold More than 1BTC bitcoin
meaningless stats
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0 sats \ 3 replies \ @shadowymartian OP 15 May 2023
why are they meaningless? don't they showcase larger scale adoption or at least that people are taking their bitcoin off exchanges.
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0 sats \ 2 replies \ @DarthCoin 15 May 2023
What if I have 1M BTC addresses, each one with 0.5BTC spread in multiple wallets? How that will affect you, directly you? The answer is: will not affect you. Is meaningless. Those 1M addresses with 1BTC NOBODY know exactly if are withdrawals from exchanges, are own by7 just 10 people or 1M people. So the whole number is meaningless. All these stats have ZERO impact on Bitcoin use.
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0 sats \ 1 reply \ @shadowymartian OP 15 May 2023
What's the chance all 1M wallets are owned by 7 or 10 or a small few? This means it's more likely more regular people hold more bitcoin, decreasing fears over whale dumps.
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0 sats \ 0 replies \ @DarthCoin 15 May 2023
Even if that is true, it doesn't matter. I personally don't give a shit who and how much BTC have. I am more focused on how much BTC I have.
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