Do coins get lost at a bigger rate than they are created? - page 2.

AgentofCoin

legendary

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Merit: 1001

Quote from: oblivi on August 10, 2016, 01:37:01 PM

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Is this rate of coins being lost bigger than the rate coins are being generated at?

Currently, roughly 1,800 BTC is "disbursed" from the mining process every 24 hours.
What you are basically asking is, whether users are losing over 1,800 BTC per day.
No. That would be impossible right now (12.5btc per 10min on avg).

If I had to guess, I would estimate around 0.1 to 4 BTC lost per day an average.
(Not including large losses, such as an exchange or whale losing their keys or screwing up tx).

So, IMO, I would estimate that the base amount of 750btc, is lost per year.

Yakamoto

legendary

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Quote from: oblivi on August 10, 2016, 01:37:01 PM

We don't stop seeing people saying how they lost passwords, hard drives and so on, losing coins forever.

Is this rate of coins being lost bigger than the rate coins are being generated at?

I doubt it personally, I think there are far more Bitcoins being generated than there are lost each day. The beauty of the blockchain though is we have no idea what the actual supply of it all is, so we can only assume they all still exist, and thus the value of the market cap of Bitcoin includes that which was lost.

oblivi

hero member

Activity: 700

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We don't stop seeing people saying how they lost passwords, hard drives and so on, losing coins forever.

Is this rate of coins being lost bigger than the rate coins are being generated at?

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