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?
Who knows the exactly number.
Topic: How many Bitcoins are lost forever? - page 22. (Read 43090 times)
Who knows the exactly number.
It is hard to calculate the permanent loss, there a lot of stories about how some have had a huge amount of BTC in a hard drive they just threw out.
yup.we won't know how many addresses were dead, because there are too many address to find.
This is only possible if the Quantum Computers comes in the market, they can decrypt/bruteforce mostly everything.
Then everything will be lost forever.
Well, as far as I know there are already some algorithms, which in theory, cannot be solved by quantum computing.
It is hard to calculate the permanent loss, there a lot of stories about how some have had a huge amount of BTC in a hard drive they just threw out.
I guess about 20-30% of the Bitcoins minted are lost forever
How do you get this information. Do you know how many bitcoins are available and 20-30% is simple a huge money lost.
I think he just made random number up. 20% would be almost 3 million bitcoins, which makes no sense to be true. If he moved it a couple of decimal places it
would be closer to true number of lost bitcoins imho.
I believe that people are much more careful today when dealing with bitcoin, so the number should not increase the way it did few years back, but there are always errors and accidents tho.
That's true, and the escrows are used in maximum nowadays. But i was feeling bad when a guy lost 40 BTC by sending to an address that can't transfer anymore.
I guess about 20-30% of the Bitcoins minted are lost forever
How do you get this information. Do you know how many bitcoins are available and 20-30% is simple a huge money lost.
I think he just made random number up. 20% would be almost 3 million bitcoins, which makes no sense to be true. If he moved it a couple of decimal places it
would be closer to true number of lost bitcoins imho.
I believe that people are much more careful today when dealing with bitcoin, so the number should not increase the way it did few years back, but there are always errors and accidents tho.
That's true, and the escrows are used in maximum nowadays. But i was feeling bad when a guy lost 40 BTC by sending to an address that can't transfer anymore.
Everytime someone gets poorer by losing coins, we all get richer because we now own a larger percentage of the total amount of bitcoins that will ever be created.
There is no way of knowing how many coins are lost so i dont think it will affect the price. Total market cap of bitcoin will always be based of the total number mined and that is the number the market look at. Lost coins are just lost and nothing else...
is there any way to recover stolen bitcoins?
Generally no, if you know who has stolen you then you can contact him, but it's hard. Bitcoin does not work like paypal.
I guess about 20-30% of the Bitcoins minted are lost forever
How do you get this information. Do you know how many bitcoins are available and 20-30% is simple a huge money lost.
I think he just made random number up. 20% would be almost 3 million bitcoins, which makes no sense to be true. If he moved it a couple of decimal places it
would be closer to true number of lost bitcoins imho.
I believe that people are much more careful today when dealing with bitcoin, so the number should not increase the way it did few years back, but there are always errors and accidents tho.
I guess about 20-30% of the Bitcoins minted are lost forever
How do you get this information. Do you know how many bitcoins are available and 20-30% is simple a huge money lost.
I guess about 20-30% of the Bitcoins minted are lost forever
is there any way to recover stolen bitcoins?
Nope, unless you can convince the thief to give them back to you
However, stolen bitcoins shouldn't be counted in " Bitcoins are lost forever" category.
cheers
is there any way to recover stolen bitcoins?
There id no such term as 'lost forever' for bitcoin. Because private key is shared by many people. Someone may have the pk of satoshi wallet by 2050.
Nope. The whole premise of Bitcoin is that the probability of that happening is so small that it is virtually zero.
A low probability does not mean it will not happen because it will. The more user of bitcoin there is the more often will this happen.
I would guess that a lot of computers are adress mining today. Eventually they will find something worthwhile.
There id no such term as 'lost forever' for bitcoin. Because private key is shared by many people. Someone may have the pk of satoshi wallet by 2050.
Nope. The whole premise of Bitcoin is that the probability of that happening is so small that it is virtually zero.
Can satoshi or the main of the bitcoin who made it, can he decide to recover the lost bitcoins that people lost them.
no there is no bitcoin CEO, and satoshi wasn't a ceo of bitcoin either, it always based on consensus
you can't go there and add a random amount to the supply just to retrieve those lost coins(which are actually a good thing for the future value), i'm not saying that it cannot be done, i'm saying that miners in primis should be favorable to it, and i doubt they are...
Then who was satoshi nakamoto ? Can the current rules change and make bitcoin reversible so you can recover the lost bitcoins?
Well as it has been said the more lost Bitcoins there are the better for us. But seriously though the more Bitcoins that go missing unlike fiat it will only drive the price up.
Thanks for sharing. Interesting story 
This is really bad for the guy who lost them.
This is really bad for the guy who lost them.Someone have lost 40 BTC to this address: https://blockchain.info/address/1111111111111111111114oLvT2 2 days ago... That address already had 3 BTC balance there before (but some are from 2010/2011 when BTC price was low, and people burn them maybe for fun), but someone have burned ~9.5k$ worth now... (The story of that address is here: https://bitcointalksearch.org/topic/interesting-bitcoin-address-1111111111111111111114olvt2-237143)
Do you think it will ever get back in circulation?
Never. You can see that cant move once it's deposited there. Unable to decode output address
Thanks for sharing. Interesting story This is really bad for the guy who lost them.
This is really bad for the guy who lost them.Someone have lost 40 BTC to this address: https://blockchain.info/address/1111111111111111111114oLvT2 2 days ago... That address already had 3 BTC balance there before (but some are from 2010/2011 when BTC price was low, and people burn them maybe for fun), but someone have burned ~9.5k$ worth now... (The story of that address is here: https://bitcointalksearch.org/topic/interesting-bitcoin-address-1111111111111111111114olvt2-237143)
Do you think it will ever get back in circulation?
Thanks for sharing. Interesting story This is really bad for the guy who lost them.
This is really bad for the guy who lost them.Someone have lost 40 BTC to this address: https://blockchain.info/address/1111111111111111111114oLvT2 2 days ago... That address already had 3 BTC balance there before (but some are from 2010/2011 when BTC price was low, and people burn them maybe for fun), but someone have burned ~9.5k$ worth now... (The story of that address is here: https://bitcointalksearch.org/topic/interesting-bitcoin-address-1111111111111111111114olvt2-237143)
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