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Topic: How many bitcoins are lost everyday? - page 2. (Read 236 times)

legendary
Activity: 3318
Merit: 1185
Playbet.io - Crypto Casino and Sportsbook
May 25, 2020, 12:53:11 AM
#2
Sorry but I can't fully get what you are trying to imply.

By saying lost in bitcoin means the owner forget his account and that's it, and why is it related to token burning?

Please expound.
copper member
Activity: 58
Merit: 5
May 25, 2020, 12:39:06 AM
#1
1000 Bitcoins =$9 million are lost everyday, Why?

Because in Total, 3.6 million Bitcoins ave become lost throughout the past 10 years.

The past 10 years have had 3650 days, so per day 1000 bitcoins are lost (1000*3650=3.6 million)

This is equivalent to a token burn 0.005% everyday or 1.5% every year.

This also means that 15% bitcoins of total supply have already been burned.
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