đź“Š More than a million people own at least one #Bitcoin
Discussion
Just because 1B addresses have at least one it doesn’t follow that 1B people own at least one by any stretch
That's not how addresses work
How ?
Best practices is never re-use addresses. As a result most people who hold bitcoin have many addresses in use. So you cannot count the addresses in the UTXO set and assume that each address represents one person. It's far less than that.
Yes, that's correct.
It didn't occur to me. Thank you for clarifying.
Perhaps a better way of saying it would be “no more than 1 million people own at least one bitcoin”