| > https://triple-a.io/crypto-ownership-data/ Triple A is a crypto payments company with much more self-interest than those of us who are skeptical towards crypto. The base methodology for all of their statistics is ridiculous: "Let's take a cherry-picked dubious survey of crypto adoption done by the Bank of Canada and extrapolate those numbers to the entire world POPULATION". Bonus points for their "creativity" with this methodology - worldwide population is roughly 8 billion while internet users (the real TAM for crypto) is closer to 5 billion. So already you need to shave at least 35% off their numbers. Their baseline "420m crypto users worldwide" estimate (which is already bad considering TAM is > 5 billion internet users) can be easily debunked to at least 1/3 of that number (100m - which is still incredibly optimistic) by spending an hour looking at block explorers across the top 10 chains (evaluating daily/monthly transaction counts, tx/rx address pairs actually used for daily/monthly transactions, etc). When I last did it to get to the 100m number I was VERY fair to crypto - round up everywhere, assume address = user (it doesn't), count each address as a unique user per chain, etc. If crypto had anything resembling the legit DAU/MAU metrics you see from publicly traded companies the total for the entire crypto space would likely be closer to 50m (or less). I'm always fascinated by this - crypto advocates constantly talk about the transparency, openness, etc provided by blockchain while simultaneously touting those absurd Triple-A statistics. You will never see them do a real (yet still easy) analysis like I have because the real numbers look terrible. If there was any real interest in the crypto ecosystem succeeding crypto enthusiasts would take a real hard look at the real stats, acknowledge they have a problem with adoption, and try to fix it. They're just too personally invested financially and thus spend their time "pumping their bags". I doubt a FAANG or other non-crypto employee is worried in the slightest by the "threat" of an entire ecosystem that has acquired a whopping 50m-100m users over 14 years. |