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Topic: How many Bitcoins are lost forever? - page 12. (Read 43044 times)

full member
Activity: 179
Merit: 100
December 15, 2016, 03:29:53 PM
Well, most of which I omit bitcoin today because trading. Well, maybe I nearly lost about 0.5 BTC. but, I think it was very appropriate with the results I get. Well, maybe I lost a total of bitcoin is 0.7 BTC, if added with investing and gambling.
Each user values ​​its bitcoin, and very difficult to imagine that all of them can easily be given to gambling, but you can not trade for income problems. But this makes it impossible to know how much large number of bitcoin on the lost forever.
member
Activity: 70
Merit: 10
December 15, 2016, 02:31:05 PM
lots and lots of bitcoins have been lost forever but the interesting mystery may be some programmers are trying hard a lot to bring back those bitcoins regulate in circles but u see thats against the rules ,well we have to wait for the future,.
legendary
Activity: 1218
Merit: 1000
December 15, 2016, 02:18:35 PM
Well, most of which I omit bitcoin today because trading. Well, maybe I nearly lost about 0.5 BTC. but, I think it was very appropriate with the results I get. Well, maybe I lost a total of bitcoin is 0.7 BTC, if added with investing and gambling.
full member
Activity: 194
Merit: 100
December 15, 2016, 02:16:58 PM
Bitcoin are never lost.except stock in transaction
There is a view that those bitcoin lost along with the keys and access to the purses. You can not deny the fact that this may be that some users have lost them.
member
Activity: 89
Merit: 10
December 15, 2016, 01:12:18 PM
I know it is a tricky question. What do you think, how many Bitcoins are lost forever and are 'out of the network' by lost private keys?
difficult question , there is not person calculate .
but i think very many because users bitcoin many too

I agree we cannot calculate this at all but I think there is lost a pretty large amount.
full member
Activity: 164
Merit: 100
December 15, 2016, 01:00:55 PM
I think we lose about 1 bitcoin a year or even more. Think about it. A lot of people use bitcoin and they put their bitcoins onto an address then they just forget about that small amount and they lose the private key. Multiply this by a million people then we lose that much bitcoins. Even if its a small amount of satoshi, one or even 100 then that a lot.

That is just some "think about it" thinking or simply speculation. Even if my reply to you is also pure speculation since we don't have a way to find out a way to make statistics, I think that 1BTC a year is such a low amount for how much bitcoins are lost forever. The early investors that didn't actually care about bitcoins or probably forgot where they hid their private keys, that makes up thousands of coins already. The bitcoin users that dies, loses their private keys, and all that makes up some more coins.

I also don't think that we're even a million in population so there's not a million people losing their bitcoins.
This speculation on this theme is possible without sense, because official data gives no loss of bitcoin, and count is not available and possible.
legendary
Activity: 1008
Merit: 1060
December 15, 2016, 08:47:17 AM
I think we lose about 1 bitcoin a year or even more. Think about it. A lot of people use bitcoin and they put their bitcoins onto an address then they just forget about that small amount and they lose the private key. Multiply this by a million people then we lose that much bitcoins. Even if its a small amount of satoshi, one or even 100 then that a lot.

That is just some "think about it" thinking or simply speculation. Even if my reply to you is also pure speculation since we don't have a way to find out a way to make statistics, I think that 1BTC a year is such a low amount for how much bitcoins are lost forever. The early investors that didn't actually care about bitcoins or probably forgot where they hid their private keys, that makes up thousands of coins already. The bitcoin users that dies, loses their private keys, and all that makes up some more coins.

I also don't think that we're even a million in population so there's not a million people losing their bitcoins.
hero member
Activity: 1190
Merit: 500
December 15, 2016, 04:20:04 AM
I know it is a tricky question. What do you think, how many Bitcoins are lost forever and are 'out of the network' by lost private keys?
difficult question , there is not person calculate .
but i think very many because users bitcoin many too
I think there will be many people who lost their bitcoin but a variety of reasons. for reasons lost because people have taken private key, I think only a few people who have, I've never lost bitcoin for that reason
sr. member
Activity: 310
Merit: 250
December 15, 2016, 04:16:16 AM
I think we lose about 1 bitcoin a year or even more. Think about it. A lot of people use bitcoin and they put their bitcoins onto an address then they just forget about that small amount and they lose the private key. Multiply this by a million people then we lose that much bitcoins. Even if its a small amount of satoshi, one or even 100 then that a lot.
hero member
Activity: 700
Merit: 500
December 15, 2016, 04:07:08 AM
I know it is a tricky question. What do you think, how many Bitcoins are lost forever and are 'out of the network' by lost private keys?
my head dizzy thinking about this question, Simple question but difficult to answer, bitcoin used in worldwide and bitcoin is anonym or digitalcurrency

60% of bitcoins mined has never moved. If those turn out to be lost keys that would be interesting.
and then how about 40% ? because very many if calcuate from users
I doubt that 60% of Bitcoin is lost. There are way too many Bitcoins in circulation for there to only be 40% of the whole amount. I would think that around 20% of Bitcoin is lost. But that is just a guess.
sr. member
Activity: 602
Merit: 250
December 14, 2016, 11:54:43 PM
I know it is a tricky question. What do you think, how many Bitcoins are lost forever and are 'out of the network' by lost private keys?
my head dizzy thinking about this question, Simple question but difficult to answer, bitcoin used in worldwide and bitcoin is anonym or digitalcurrency

60% of bitcoins mined has never moved. If those turn out to be lost keys that would be interesting.
and then how about 40% ? because very many if calcuate from users
sr. member
Activity: 602
Merit: 250
December 14, 2016, 11:48:35 PM
I know it is a tricky question. What do you think, how many Bitcoins are lost forever and are 'out of the network' by lost private keys?
difficult question , there is not person calculate .
but i think very many because users bitcoin many too
legendary
Activity: 1092
Merit: 1000
December 14, 2016, 10:32:09 PM
I guess we cannot guess how many were lost, but I think it is so big to count since the very start of using bitcoin in the world, so no need to count on how many were lost because we cannot do anything with that.
Yup, we can tell exactly how much btc we lost in our gambling history. And if we have that information we may get back our loss with other work. So it helps people to be aware of their gambling addiction. Even I am also not maintained that list. But I know that I am in loser side.
member
Activity: 83
Merit: 10
December 14, 2016, 09:20:13 PM
This idea that fewer coins due to loss or destruction will be helpful to bitcoin by raising the value of bitcoin doesn't make a lot of sense.  To the contrary, it underscores the physical security issues with bitcoin.  If I put my fiat in a bank, I won't lose it because I forgot some ridiculous password.  No, I have an identity and I can use my identity to verify my ownership of the currency and then take actions to always control the currency I placed in a reliable and insured bank.

Now, I'm not saying there aren't benefits to bitcoin.  Bitcoin definitely is valuable in ways that fiat will never touch.  But... there is a huge issue with security and that the various losses have definitely contributed to the slow adoption to the mainstream.

But this idea of "the less the merrier" is only valid if 1) bitcoin continues to successful and 2) People can benefit from actually having at lease "some" bitcoin to actually use.  People who have lost their bitcoin because of the inherent security flaws (yes, forgetting or losing your own password is a security flaw) wouldn't agree with this idea that losing their bitcoin is a 'good' thing.
sr. member
Activity: 1036
Merit: 279
December 14, 2016, 04:51:33 PM
I'm kinda new to this but does unrecoverable automatically mean lost? Is this the same when you like burn fiat money and permanently put the bill out of circulation? I was under the impression that it is not since from what I understand the transactions are sorta "remembered" and it's possible to track these non-moving bits and maybe like redistribute them or put them back to circulation in some other manner.

Of course that opens up new problems since that's basically taking money that is not yours.

sr. member
Activity: 882
Merit: 297
December 14, 2016, 04:08:52 PM
I guess we cannot guess how many were lost, but I think it is so big to count since the very start of using bitcoin in the world, so no need to count on how many were lost because we cannot do anything with that.

It is their because in the beginning when the mining was easy their were lot of miners who mined for fun and just throw their hardware and wallet , thinking of waste of time and now when they are seeing the current situation they are searching it but not able to find it and  who ever gets it if he knows about bitcoin then he will be really happy if not same old fate of that bitcoin will happen of dumped in garbage
full member
Activity: 195
Merit: 100
December 14, 2016, 03:09:07 PM
I guess we cannot guess how many were lost, but I think it is so big to count since the very start of using bitcoin in the world, so no need to count on how many were lost because we cannot do anything with that.
I do not exclude the possibility that he might even become a victim of the situation and lose everything that connects me with bitcoin wallet. Thus it will replenish the number of losses.
member
Activity: 70
Merit: 10
December 13, 2016, 09:26:15 PM
I guess we cannot guess how many were lost, but I think it is so big to count since the very start of using bitcoin in the world, so no need to count on how many were lost because we cannot do anything with that.
full member
Activity: 189
Merit: 100
December 13, 2016, 06:22:57 PM
If it is carried out such a strange policy for many bitcoin they can throw their wallets. The governments of some countries are very clearly makes it clear that cryptocurrency be outlawed.
full member
Activity: 204
Merit: 100
December 13, 2016, 02:48:21 PM
I know it is a tricky question. What do you think, how many Bitcoins are lost forever and are 'out of the network' by lost private keys?
i am can not calculate , may be many .. because this is not careful from user
This information will be available to the general public. Loss of keys or access to sensitive personal information purses bitcoin owners.
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