<p>Well there is a relation but it is not exactly C = A/B.</p>

<p>Since one individual can create any amount of addresses and send small amounts of BTC to them. B will increase and there by decrease C. The demand is this as high.</p>

<p>Although if you all 16m BTC was distributed on 16,000 addressed with average of 1000 BTC/address. The demand of bitcoin wouldn't be as high compared to if you had 16,000,000 addressed with 1 BTC/address(as long as they one person doesn't have 15,000,000 addressed by himself). The demand is more correlated to the user base.
Imagine what would happend if you distributed all BTC around the world and everyone had the same amount. You wouldn't just sell your share or your vote for fiat that fast.</p>

CC BY-SA 3.0
2017-11-07T09:18:35.163Z
2017-11-07T09:18:35.163Z
2313112441312
<p>No. </p>

<p>Because an individual can spend more than 1 address.</p>

<p>Therefore your formulation is not an accurate depiction of activity or demand for bitcoin.</p>

CC BY-SA 3.0
2017-11-07T06:11:58.920Z
The more keys you need, the more reliable protection.
Denis Leonov
CC BY-SA 3.0
2017-11-07T06:12:46.423Z
That is not necessarily true too. It's highly dependent on how you store them!
rny
CC BY-SA 3.0
2017-11-16T22:39:09.247Z
you mean 'where'? you mean that AES more weak then Elliptic Curves Math?
Denis Leonov
CC BY-SA 3.0
2017-11-16T22:40:47.573Z
It is both where and how. I don't understand how you came up with the 2nd phrase.
rny
CC BY-SA 3.0
2017-11-07T06:07:03.717Z
2017-11-07T06:07:03.717Z
rny
<p>Is it true that bitcoin demand depends on average value of addresses balance?</p>

<p><code>A</code> - sum of all Bitcoins (Satoshi)</p>

<p><code>B</code> - <strong>addresses</strong> with non-zero balance</p>

<p><code>C = A/B</code></p>

<p>I mean if raise C so demand gets down and vice versa.</p>

<p>I view some statistics and it is correlated.</p>

<p><strong>Added.</strong> <a href="https://bitcoin.stackexchange.com/questions/62141/how-does-the-people-who-work-for-bitcoin-core-get-paid">How does the people who work for Bitcoin Core get paid?</a></p>

<blockquote>
  <p>Those who work for increasing of security and those who are enjoy
  transparency are involved in proof-of-work. So this system balanced
  until balanced this two sides.</p>
</blockquote>

<price-volatility>
Demand for bitcoin
Denis Leonov
# Demand for bitcoin

(Asked by: username_0 on 2017-11-07)

Is it true that bitcoin demand depends on average value of addresses balance?

`A` - sum of all Bitcoins (Satoshi)

`B` - **addresses** with non-zero balance

`C = A/B`

I mean if raise C so demand gets down and vice versa.

I view some statistics and it is correlated.

**Added.** [How does the people who work for Bitcoin Core get paid?](https://bitcoin.stackexchange.com/questions/62141/how-does-the-people-who-work-for-bitcoin-core-get-paid)

> Those who work for increasing of security and those who are enjoy
> transparency are involved in proof-of-work. So this system balanced
> until balanced this two sides.

**Tags:** price-volatility


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## 2 answers

### Answer by username_1 on 2017-11-07. Score: 0 | Accepted answer

Well there is a relation but it is not exactly C = A/B.

Since one individual can create any amount of addresses and send small amounts of BTC to them. B will increase and there by decrease C. The demand is this as high.

Although if you all 16m BTC was distributed on 16,000 addressed with average of 1000 BTC/address. The demand of bitcoin wouldn't be as high compared to if you had 16,000,000 addressed with 1 BTC/address(as long as they one person doesn't have 15,000,000 addressed by himself). The demand is more correlated to the user base.
Imagine what would happend if you distributed all BTC around the world and everyone had the same amount. You wouldn't just sell your share or your vote for fiat that fast.


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### Answer by username_2 on 2017-11-07. Score: 1

No.

Because an individual can spend more than 1 address.

Therefore your formulation is not an accurate depiction of activity or demand for bitcoin.

> **Comments:**
> **username_0**: The more keys you need, the more reliable protection.  
> **username_2**: That is not necessarily true too. It's highly dependent on how you store them!  
> **username_0**: you mean 'where'? you mean that AES more weak then Elliptic Curves Math?  
> **username_2**: It is both where and how. I don't understand how you came up with the 2nd phrase.  

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