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0 sats \ 4 replies \ @r3drun3 OP 21 Jan 2024 \ parent \ on: High level of illiteracy regarding Bitcoin within the Bitcoin community bitcoin
It is actually the reverse: there can be much more people that own at least 1 BTC since that BTC can bw segregated into multiple UTXOs.
Ok well count me in the people that don't quite get it, or maybe I haven't seen these posts.
If they're counting UTXOs or Addresses that have 1.0+ BTC, then isn't that entire UTXO or Address owned by "one person"?
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The point is this:
You can check how many addresses own at least 1 full BTC on the blockchain but there are a gazilion addresses owning less that 1BTC that can be of the same person and you have no way to know simply by looking at the addresses.
I suggest you study how Hierarchical Deterministic wallet works.
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Ok this is what I was trying to say with my original reply - there could also be a million addresses that each have 1 BTC and they are all owned by one person.
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Of course :)
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