It seems to me that most of the people involved in this bitcoin market are from the US.

Are there any statistics that can confirm this?

Also, related question. If this is indeed true, is it reasonable to think that bitcoin was invented by the US in order to destroy the dollar? The US would win because they hold most of the bitcoins, while superpowers like China, who sit on trillions of dollars, would end up with worthless dollars. Does this make sense?

  • 2
    There are no precise statistics, but you can make educated guesses about where the BTC are by looking at the trade volumes of large CNY and USD exchanges (and to a more limited degree, the IPs that relay transactions in the network). The rest of your question is mere speculation and any answer would be the same, as such it's not a good fit for StackExchange.
    – us2012
    Dec 9 '13 at 20:30
  • k.. care to share some of those educated guesses?
    – Alex
    Dec 9 '13 at 20:40
  • 1
    bitcoincharts.com/charts/volumepie will give you a good overview. I'd personally consider it more likely that non-US people are trading BTC<->USD than non-CN people trading BTC<->CNY, so the distribution shifts away from USD a bit, but that's merely my opinion.
    – us2012
    Dec 9 '13 at 20:53
  • interesting pies. it looks like there's a bitcoin war between the US and China :D Could my theory be true?
    – Alex
    Dec 9 '13 at 21:11
  • 1
    Well, if I was a government that planned to burn its own currency to get rid of debts, I would make sure that my fallback plan wasn't a transparent network with no regulatory influence.
    – us2012
    Dec 9 '13 at 21:33

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Browse other questions tagged or ask your own question.