A picture to understand the gap between the rich and the poor in the "BTC World"

How big is the gap between the rich and the poor in the “BTC World”?

When calculating the Gini coefficient of the BTC address balance, there are mainly two types of factors that may cause large errors: 1) the BTC balance of one address may be shared by multiple people; 2) the same person may have multiple BTC addresses. For case 1), we exclude the exchange's wallet address; for case 2), consider that the few "BTC whales" under normal circumstances will not split the BTC into hundreds of addresses, and the retailer will split the BTC. The possibility is smaller, so the impact is limited. In the end, we get the approximate Gini coefficient of the BTC address balance as high as 0.9587, indicating that the gap between the rich and the poor in the "BTC World" is enormous!

Fit Lorenz curve:

y=0.0000000246*EXP(16.4395x), goodness of fit R^2=0.85; calculated Gini coefficient is 0.9587.

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Blockchain

"Gemini" Risk Control Interview: How the Traditional Financial Regulatory Framework Maps to the Crypto Industry

Source: Yahoo Fiance Original author: Daniel Kuhn Translator: Moni Source: Odaily Planet Daily Monero’s Community Cro...

Blockchain

How terrible is the IEO? 62% of 87 projects broke, with a maximum loss of 99%

87 IEO projects, raising more than 2 billion, 62% broken "Bitcoin is about to plummet to $5,000." "Cry...

Blockchain

Million-Dollar Shuffle FTX Cold Wallets Sneak $19M in Solana and Ether to Crypto Exchanges

FTX debtor group responsible for asset management has recently conducted multiple on-chain transactions.

Blockchain

Number reading | The paradox behind the 109 reports The truth is that IEO is an antidote or a poison?

After several months of fermentation, the IEO boom continues, and there is even a wave of higher waves. Yesterday (Ap...

Blockchain

Using data to review 2019 of decentralized exchanges

Author: Alethio Translation: A Jian Source: consensys Translation source: Ethereum lovers "The first share of th...

Blockchain

How many entities hold Bitcoin? These 7 exchanges are worth watching

Written by: Rafael Schultze-Kraft Translation: Lu Jiangfei Source: Chain News Problems with quantifying the number of...