Yes that is true but the ratio, most likely, would hold no matter what the total.
With 5 million wallets, there are a lot of duplicates...and the same is true for 50M wallets....hence, even though not accurate in a pure sense, it does show the power of the network.
Since a certain percentage are legitimate, probably a large percentage, I would say, overall, the more wallets a token has, the greater its network effect.
I never thought of it that way - that gets you a follow : )
So as long as the ratio holds the number of wallets would be a good measurement. I suppose the challenge is to see if the wallets per person is staying the same or increasing/decreasing
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You point to multiple wallets like it is a negative. People could have multiple wallets for a reason. I do.
In bitcoin, I have one that is cold storage....another on my nano....another Xato on my phone....all have differing degrees of money in them and are for different purposes. I am sure I am not the only one.
When you think about it, if a token has usefulness and extreme value, people will have multiple wallets....they arent going to want it all in one place, especially on their phone.
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Sorry no I didn't mean to give the impression that I thought multiple wallets were a bad thing. I seem to be collecting more wallets as I do further down the crypto rabbit hole. So for me the wallet ratio is increasing as time goes by.
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Very good.
Which shows the accumulation of wallets is in direct reflection to your interest in crypto and, I presume, you acquisition of them.
Ergo, I think you are a prime example of multiple wallets truly telling the story...you are only acquiring more as you become more immersed in crypto.
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Very true. Point taken
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