Too Many Bitcoins: Making Sense of Exaggerated Inventory Claims

By December 1, 2014Bitcoin Politics

A year ago, Finnish bitcoin entrepreneur Risto Pietilä attempted to compile a list of the top publicly known bitcoin holders.

Assuming his list is accurate (which it probably isn’t), if you add up the alleged top-20 largest holders of bitcoin, these individuals control roughly 4.44m BTC.

Yet when coupled with self-identification of organizational wallets (like Bitstamp did last year ), plus anecdotal talks at meetups, conferences and parties, it becomes clear that the sum total of […]

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