BITCOIN OWNER TRACK RECORDS

What does an owner mean here?

An owner is a bundle of addresses that the chain’s own evidence links together, such as addresses spent from in one transaction. It is not a person and it is not an account. One person can show up as several owners, and one owner can be a company with thousands of customers behind it. Read every row as a group of addresses, never as a headcount of people.

How is a track record measured?

For every owner we walk their whole history on our own copy of the chain, day by day, matching the coins they sold against what those coins cost them. A day on which an owner sold anything counts once, whatever happened inside it. So the figure we call days they sold is exactly that, a count of days, and nobody can manufacture a longer record by splitting one sale across five transactions. The share of days that ended ahead is measured the same way, one verdict per day, and a day whose selling we could not price can never count as a win.

What does the rate of return include, and what does it leave out?

It compares an owner’s profit against what the coins they sold originally cost, not against everything they hold. Coins they still hold count for nothing in it, because a coin that has not been sold has no result yet. That is deliberate. It keeps the number to things that actually finished, and it means a large gain sitting untouched in a wallet will never appear on this page.

Who gets ranked, and who does not?

To appear at all, an owner needs at least five separate selling days, at least 180 days between their first sale and the last time they were active, and at least 80% of what they sold matched to what they paid for it. Ranking by rate of return also asks for at least ten thousand dollars of sales matched to what they paid, so five dollars turning into fifty cannot outrank ten million turning into fifteen. Exchanges and custodians do not belong on a list like this, because an exchange’s gains belong to its customers rather than to the exchange. Where our own evidence identifies one, it is left out and counted among the owners who did not rank, and the page says on the day whether any were found.

Why do the exclusion counts not add up?

An owner is counted against every rule it misses, so an owner that sold on two days and could not be priced appears on at least two of those lines. Adding the lines together would count it more than once. The honest number for how many owners were left out is the number considered minus the number ranked, and both of those are on the page.

Why are there no names?

Each owner carries a short code that we generate with a private key of our own, and the same owner keeps the same code from one day to the next so a row can be followed over time. Nobody reading the page can turn the code back into addresses, and there is no page anywhere to look one up on. That is the point. We publish track records, we do not identify anybody.

What is this page not?

Every figure here already happened, to somebody else, over a stretch of time we could observe. The best row is one anonymous owner’s finished history, not a method you can copy, and a bad row is not a warning about anything you are doing. This is a record, not a recommendation, and nothing on it is advice.