HOW MANY BITCOIN LOST IN SPACE. | Bitcointalksearch.org

RobertDJ

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Quote from: Swordsoffreedom on November 12, 2014, 03:23:28 AM

Quote from: coinmaster222 on November 02, 2014, 02:02:57 PM

We know roughly how many btc have been mined,but anyone any rough idea or guess how many have been lost in cyber space or old wallets with a tiny amount in them abandoned never to see the light of day again.

If you include Satoshis coins a fair bit
But if you include actual coins lost there are the dumping addresses and then a few coins are destroyed now and then but I would say less than 1% of all coins mined at this stage in time
The mtgox coins are more less around but they could be considered lost as well.

I would not consider satoshi's coins to be lost as if he planned on never using them then he would probably have destroyed them a long time ago.

The gox coins were never "lost" they were instead given away to people that should not have received them

Swordsoffreedom

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Leading Crypto Sports Betting & Casino Platform

Quote from: coinmaster222 on November 02, 2014, 02:02:57 PM

We know roughly how many btc have been mined,but anyone any rough idea or guess how many have been lost in cyber space or old wallets with a tiny amount in them abandoned never to see the light of day again.

If you include Satoshis coins a fair bit
But if you include actual coins lost there are the dumping addresses and then a few coins are destroyed now and then but I would say less than 1% of all coins mined at this stage in time
The mtgox coins are more less around but they could be considered lost as well.

Miitch

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Quote from: aricleather on November 12, 2014, 02:29:03 AM

If there is always a private key for every address, how can they ever be lost? Just launch a bruteforcer and wait a couple thousand years.

haha a few thousand years! Might be worth it if BTC goes to the moon

aricleather

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If there is always a private key for every address, how can they ever be lost? Just launch a bruteforcer and wait a couple thousand years.

Miitch

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I think as time goes on and Bitcoins are used more regularly there should be less coins doing nothing in random wallets. Might be able to get a good idea of how many have been lost by how many are inactive over years and years

Zhan21

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No one can provide accurate and there are arguments to answer. I am afraid that God does not necessarily know.

tzortz

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Noone could prove the exact number.

jsgayo

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Quote from: coinmaster222 on November 02, 2014, 02:27:10 PM

I actually believe it could be up to 10% most from the old days when btc was worth just a few dollars

Y. of course.Early low price time.

Flashman

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Hodl!

Oh just remembered, me and a buddy were screwing around and managed to send 0.0003 into the wild blue yonder..... well an address neither of us had the key for anyway.

DannyHamilton

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Quote from: Sheldor333 on November 03, 2014, 08:32:10 AM

Quote from: pissedoff on November 02, 2014, 02:33:03 PM

There is a thread on here which is adding up all the known losses but only known losses in reality there is much more that have been lost.

Is there a link to this thread. It would nice to see it. I haven't run into it so far.

https://bitcointalksearch.org/topic/how-many-bitcoins-have-been-provably-lost-at-least-675321

As of July 20 it was proven that at least 2,745.22283996 BTC in at least 20,412 different outputs were unspendable.

There are probably many more lost to forgotten (or lost) private keys, but it isn't possible to prove that those private keys aren't available. All you can do is trust whoever told you. These 2,745.22283996 BTC can be proven to be unspendable.

FUR11

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FURring bitcoin up since 1762

Quote from: coinmaster222 on November 02, 2014, 02:27:10 PM

I actually believe it could be up to 10% most from the old days when btc was worth just a few dollars

More. Most people likely only started to care about them when they hit $10 or even more. Then there also are those that have been lost due to site going bankrupt or lost in some kind of accident! But this is one of the factors that drives the price up (decreasing supply!)

Velkro

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Quote from: g27wr on November 02, 2014, 02:21:37 PM

There is no way to tell. Likely 10's of thousands, if not 100's of thousands.

My knowledge points to around 1,4 mln currently

Flashman

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Hodl!

Quote from: RobertDJ on November 09, 2014, 01:54:02 PM

The fact that bitcoin is fungible means that it doesn't matter if the bitcoin you have in your wallet can be traced to a previous theft/scam.

With the exception of the miners, most people almost certainly have bitcoin that can be traced to one or more scams/thefts via taint analysis.

Oh btw yes, there's a probable scam e-mail going around trying to freak you out that your coins are guaranteed to be Silk Road tainted, and that the IRS, FBI, CIA, DHS, Lions Club and Womens Institute will kick your door down at 4AM and take them. So, don't be panicced into sending them into that "mixer" service. If they succeeded in making you uncomfortable, (sigh) pick a reputable mixing service.

RobertDJ

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Quote from: 1Referee on November 03, 2014, 05:16:18 PM

Quote from: ikydesu on November 03, 2014, 09:48:57 AM

Quote from: 1Referee on November 03, 2014, 08:27:37 AM

I think 5% of all Bitcoins in existence are "lost" due to deleted wallets, lost passwords,etc.

Coins that haven't been touched in years doesn't necessarily mean that they are "lost" or forgotten.

Some guys keep their coins untouched for a reason Wink

I guess 3% due to deleted or lost password Wink

and 20% because scammer Cheesy

20% because of scammers?

Stolen Bitcoins aren't lost, they are in the wallet of the scammer, and he/she can spend them at any time.

The fact that bitcoin is fungible means that it doesn't matter if the bitcoin you have in your wallet can be traced to a previous theft/scam.

With the exception of the miners, most people almost certainly have bitcoin that can be traced to one or more scams/thefts via taint analysis.

themys

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We don't have the possibility to know, perhaps 5% of the total.

1Referee

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Quote from: ikydesu on November 03, 2014, 09:48:57 AM

Quote from: 1Referee on November 03, 2014, 08:27:37 AM

I think 5% of all Bitcoins in existence are "lost" due to deleted wallets, lost passwords,etc.

Coins that haven't been touched in years doesn't necessarily mean that they are "lost" or forgotten.

Some guys keep their coins untouched for a reason Wink

I guess 3% due to deleted or lost password Wink

and 20% because scammer Cheesy

20% because of scammers?

Stolen Bitcoins aren't lost, they are in the wallet of the scammer, and he/she can spend them at any time.

coinmaster222

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Suppose this brings us back to the old question where are Mt.Gox coins. Were they lost for good or just stolen.

BittBurger

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Quote from: ?? on ??

1,000,000 coins or so are probably lost.

I know when I first began and they were like $.05 ea, I had 10,000 coins or so but lost all of the wallets containing the coins.
That is just me, as a single individual.

I'm sure there are hundreds more like me who are foolish.

These stories are so painful to hear. How does it feel knowing you could've had $10,000,000 last December?

Sad

Sorry for your loss.

waser12

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Not possible to say, maybe 5% without those got by the FBI...

SuperDex

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Probably around a million & 2 million.

Topic: HOW MANY BITCOIN LOST IN SPACE. (Read 3495 times)