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Topic: How many Bitcoins are lost forever? - page 6. (Read 43070 times)

member
Activity: 97
Merit: 10
February 12, 2017, 11:36:03 PM
I do not understand this anxiety or concerns about bitcoin those that had the opportunity to be lost. In fact, such a thing could happen, and indeed may have somewhere to coin purses, which left their owners for various reasons. But that is changing. This is just for information, or is it important?
full member
Activity: 185
Merit: 100
February 06, 2017, 12:40:08 PM
This is a difficult to answer on how many bitcoin are lost. We could not count the exact figures then the total bitcoin were lost forever. Everyday are many uses bitcoin, having bulk transactions doing withdrawal, transfer also. So for me its hard to tracked these losts.
As remittances are no calculations are not up to snuff, even if such an opportunity would be. Most likely these bitcoin already dead load will be stored on the purses forever.
full member
Activity: 157
Merit: 100
February 06, 2017, 12:13:44 AM
I think that if there were any casualties in the bitcoin, it happened only at the dawn of cryptocurrency development. But as if to suggest that virtually nothing is worth while bitcoin, the possibility that the number of abandoned coins can be a huge amount. But it is still just a guess.
full member
Activity: 169
Merit: 100
February 05, 2017, 11:52:03 PM
im sorry if this was asked before but, is there any site tracking the number of "dead" bitcoins?

None, there is no way to track those dead/burned bitcoins. They are lost forever, we really can't have a way of knowing of how many they were lost even the experts, they are just estimating the amount of total lost bitcoins forever
That's a result of decentralization where no center which will help you when things like this happen. in contrast to centralization. when you lose your money you can do contact support
I also think that if the user is willing to use its resources, then the loss of access, it is always possible to restore when the specific conditions stipulated earlier.
hero member
Activity: 1414
Merit: 505
Backed.Finance
February 05, 2017, 09:42:55 PM
we can't really estimate without getting all the required information. An address staying dormant for a long time may not necessarily means that the owner could have lost the private key, nevertheless that person could have just set the cons aside or have it transferred to an offline paper wallet without trying to access it.

That is correct, some dormant accounts or wallets are possibly long term investment as we do not have a proper metrics on that.So, we could not tell how much is totally lost. I think there is no other way to recover lost wallet,private keys etc. Its gone forever.
legendary
Activity: 2646
Merit: 1106
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
February 05, 2017, 09:21:27 PM
This is a difficult to answer on how many bitcoin are lost. We could not count the exact figures then the total bitcoin were lost forever. Everyday are many uses bitcoin, having bulk transactions doing withdrawal, transfer also. So for me its hard to tracked these losts.

Bulk transactions help for the easy way to calculate the number of bitcoin easily. Only method which can be used to make the number of lost bitcoin is using the transaction details. It will be a long process, every bit of bitcoin will be transacted at least once. Now if the number of bitcoin address and the transaction along with that gives better results.
hero member
Activity: 1428
Merit: 506
February 05, 2017, 09:15:14 PM
This is a difficult to answer on how many bitcoin are lost. We could not count the exact figures then the total bitcoin were lost forever. Everyday are many uses bitcoin, having bulk transactions doing withdrawal, transfer also. So for me its hard to tracked these losts.
member
Activity: 135
Merit: 14
February 05, 2017, 08:46:14 PM
we can't really estimate without getting all the required information. An address staying dormant for a long time may not necessarily means that the owner could have lost the private key, nevertheless that person could have just set the cons aside or have it transferred to an offline paper wallet without trying to access it.
full member
Activity: 182
Merit: 100
🚀 🌏
February 05, 2017, 06:28:18 PM
im sorry if this was asked before but, is there any site tracking the number of "dead" bitcoins?

None, there is no way to track those dead/burned bitcoins. They are lost forever, we really can't have a way of knowing of how many they were lost even the experts, they are just estimating the amount of total lost bitcoins forever
That's a result of decentralization where no center which will help you when things like this happen. in contrast to centralization. when you lose your money you can do contact support

Unless your centralized currency is physical fiat and you loose your wallet on the street or accidentally drop your coins into the ocean.. then even centralized system wouldn't help you. Grin
The bigger difference I can see is that the physical currency can be found again by you or someone else, but decentralized crypto is lost forever.
legendary
Activity: 1372
Merit: 1008
February 05, 2017, 06:11:04 PM
im sorry if this was asked before but, is there any site tracking the number of "dead" bitcoins?

None, there is no way to track those dead/burned bitcoins. They are lost forever, we really can't have a way of knowing of how many they were lost even the experts, they are just estimating the amount of total lost bitcoins forever
That's a result of decentralization where no center which will help you when things like this happen. in contrast to centralization. when you lose your money you can do contact support
sr. member
Activity: 429
Merit: 250
February 05, 2017, 05:54:49 PM
All online wallets under supervision and it seems to me that if someone from the users for many years will not appear, and it turns out that the purse is not claimed, it necessarily hacked and some of bitcoin is still not lost.
hero member
Activity: 728
Merit: 501
io.ezystayz.com
February 05, 2017, 05:43:04 PM
im sorry if this was asked before but, is there any site tracking the number of "dead" bitcoins?

None, there is no way to track those dead/burned bitcoins. They are lost forever, we really can't have a way of knowing of how many they were lost even the experts, they are just estimating the amount of total lost bitcoins forever
Would I be correct in saying that if there was a way to track them, you could not tell if they were being used or not, so you would not know where they really are from.  I am thinking I am wrong, for when I reread this, it does not make much sense to me, but I was thinking something interesting when i said it.  Tell me if you understand what I mean when I say this.
hero member
Activity: 3024
Merit: 745
Top Crypto Casino
February 05, 2017, 05:40:40 PM
im sorry if this was asked before but, is there any site tracking the number of "dead" bitcoins?

None, there is no way to track those dead/burned bitcoins. They are lost forever, we really can't have a way of knowing of how many they were lost even the experts, they are just estimating the amount of total lost bitcoins forever
hero member
Activity: 728
Merit: 501
io.ezystayz.com
February 05, 2017, 05:39:31 PM
I hate to say, I lost my first few small amounts of BTC when I did not backup my wallet.  Now I use a number of different BTC wallets online, so I am sure they will not all disappear at one time.
hero member
Activity: 700
Merit: 500
February 05, 2017, 05:34:11 PM
I can tell only from my own experience:
I lost almost half bitcoin because of lost keys, mobile phone malfunctions, and transfer requests to wrong addresses.
I learned from every mistake I've done, but I'm sure almost every user of bitcoin has some lost bitcoins because of similar mistakes.
member
Activity: 105
Merit: 10
February 05, 2017, 05:28:26 PM
These results reach or impossible to calculate. As you can see the number of bitcoin losses, if no one knows the actual number of users even. It's impossible.
sr. member
Activity: 462
Merit: 250
Arianee:Smart-link Connecting Owners,Assets,Brands
February 03, 2017, 07:52:33 PM
We all know that bitcoins sometimes lost, but as we can see, all bitcoins are there, and it will not lost. It only lost when they are not in used, it is right to be in the right track. For we can use these bitcoins, we should know the value of it, we know the kinds of bitcoins as we all know the altcoins. We could not determine if bitcoins are lost forever.
full member
Activity: 207
Merit: 100
February 03, 2017, 07:34:56 PM
im sorry if this was asked before but, is there any site tracking the number of "dead" bitcoins?
hero member
Activity: 1190
Merit: 500
February 03, 2017, 06:31:26 PM
I just stambled over this thread in Beginners section. A guy bought 12 Bitcoins when they're very cheap and forgot about them. The PC with installed wallet was wiped so that private keys have been lost. Well, another 12 Bitcoins which are out of the race.
That's why I prefer to keep most of my bitcoin in the local exchange. because I'm not going to lose the private key, when you forget the password I can use the facility forget password
hero member
Activity: 1022
Merit: 564
Need some spare btc for a new PC
February 03, 2017, 04:27:25 PM
We've been discussing a solution to that problem (bitcoins that are lost due to people loosing).

Mainly, there would be a timer of about ~4-5 years or maybe even more that would return bitcoins to the original miner in case of those btc not being used in that period of time. Imo that would be a perfect solution to that problem, maybe push the time to 10yrs if needed in case people are keeping those bitcoins as a long time investment.
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