Topic: Is there a database of inaccessible bitcoins? (Read 212 times)
This is a truly unique question . I think it's far-fetched, the database for the unavailable bitcoin is a myth! because no one can control these inaccessible bitcoins or other currencies. There is no accounting system for these inaccessible bitcoins and there is no one who makes notes about this and keeps any records. If this is indeed the case, it can tilt the scales in trading and the rate around the world
Well most of us know about the burn addresses :
Known examples of bogus/Burn addresses are:
•1BitcoinEaterAddressDontSendf59kuE (2.10556692 BTC received),
•1CounterpartyXXXXXXXXXXXXXXXUWLpVr (2,130.84717717 BTC),
•1111111111111111111114oLvT2 (43.2884582 BTC), this address encodes the smallest possible hash160
•1QLbz7JHiBTspS962RLKV8GndWFwi5j6Qr (0.01159201 BTC), and this one is the biggest possible hash160.
As quoted from : https://medium.com/@alcio/how-to-destroy-bitcoins-255bb6f2142e
In a way, Satoshi's coins should also be added to that list, because they have not moved from their original address, since
they were mined.
Known examples of bogus/Burn addresses are:
•1BitcoinEaterAddressDontSendf59kuE (2.10556692 BTC received),
•1CounterpartyXXXXXXXXXXXXXXXUWLpVr (2,130.84717717 BTC),
•1111111111111111111114oLvT2 (43.2884582 BTC), this address encodes the smallest possible hash160
•1QLbz7JHiBTspS962RLKV8GndWFwi5j6Qr (0.01159201 BTC), and this one is the biggest possible hash160.
As quoted from : https://medium.com/@alcio/how-to-destroy-bitcoins-255bb6f2142e
In a way, Satoshi's coins should also be added to that list, because they have not moved from their original address, since
they were mined.
If there's such a website that does just that, it would be tricky since there are some addresses in which the coins hasn't moved for years only to know they're active and being used as cold wallets. That would also be a unique idea since we'll have some form of basis as to how much really was lost and how much bitcoins are left circulating around the network. It would be pretty hard to implement though, and I don't think some parties or devs would do it just for the fun of it.
I think it would just be a submittal thing, like User A would say I lost 6mbtc, public address was x. Table would have public address and the exact amount on blockchain, if there is any movement of coins this row would be deleted off the table.
It's pretty hard for somebody to prove he is the owner of a lost wallet, as the only to way would be for him to sign a message...which he can't.
So it will be basically down to claims of, which can never be fully verified.
I thought I've had the link in my bookmarks but I can't find now, there was a website that was monitoring addresses with a balance that have never moved their coins. With a few tweaks it can show coins that have not moved since x days and combined with wallet explorer you can greatly reduce the amount of coins that can be "considered" lost or at least sleeping till the owner finds his keys.
sounds like a great database to put yourself on if you're going through a divorce. nothing worse than putting the family fortune into bitcoin and 'losing' it.
OP, how did you lose your bitcoin? if you tell us maybe someone will learn something.
OP, how did you lose your bitcoin? if you tell us maybe someone will learn something.
And maybe we'll find it for him.
sounds like a great database to put yourself on if you're going through a divorce. nothing worse than putting the family fortune into bitcoin and 'losing' it.
OP, how did you lose your bitcoin? if you tell us maybe someone will learn something.
OP, how did you lose your bitcoin? if you tell us maybe someone will learn something.
If so, I'd like to add my 6 mBTC to it!
Im sorry for your loss mate. There is no list of lost bitcoins. There are calculations and statisticks that 4 000 000 btc are lost. Well now 4 000 000.006
If there's such a website that does just that, it would be tricky since there are some addresses in which the coins hasn't moved for years only to know they're active and being used as cold wallets. That would also be a unique idea since we'll have some form of basis as to how much really was lost and how much bitcoins are left circulating around the network. It would be pretty hard to implement though, and I don't think some parties or devs would do it just for the fun of it.
this is a bitcoin mining site, to my knowledge, a computer that does not have a good and qualified vga, can not access the minning site.
If so, I'd like to add my 6 mBTC to it!
This is a unique kind of question in relation to bitcoin. As far as my knowledge is concerned there are no such thing as a database for inaccessible bitcoins since we cannot monitor those inaccessible bitcoins. Also people who have inaccessible bitcoins does not report it and if they report it there is no one who are taking notes on it and compiling them.
That's correct. There is no way to know if somebody own the private key that has to be used to spend an unspent output.
Offcourse, there are a couple addresses known that have been used to "burn" bitcoins, for example: https://blockchain.info/address/1BitcoinEaterAddressDontSendf59kuE
It's not because an unspent output hasn't been spent for years and years that it's automatically "inaccesible". It might also be a cold storage address.
There was an old topic about this:
https://bitcointalksearch.org/topic/lets-add-up-the-known-lost-bitcoins-7253
Unfortuantely it got abandoned quite a long time ago.
But is still a starting point, especially since the data there is mostly accurate as it comes from times when nobody was interesting in spamming the forum, nor was a BTC worth making such a fuss.
So, we can assume those coins are indeed lost for good.
the problem is most people in topics like these are claiming they have lost some amount but we don't know whether they really lost it or it was stolen or even possible that they have recovered it at some point. for example someone who forgot his password might have remembered it 2 years later and recovered the 250BTC he claimed he lost.
If so, I'd like to add my 6 mBTC to it!
This is a unique kind of question in relation to bitcoin. As far as my knowledge is concerned there are no such thing as a database for inaccessible bitcoins since we cannot monitor those inaccessible bitcoins. Also people who have inaccessible bitcoins does not report it and if they report it there is no one who are taking notes on it and compiling them.
That's correct. There is no way to know if somebody own the private key that has to be used to spend an unspent output.
Offcourse, there are a couple addresses known that have been used to "burn" bitcoins, for example: https://blockchain.info/address/1BitcoinEaterAddressDontSendf59kuE
It's not because an unspent output hasn't been spent for years and years that it's automatically "inaccesible". It might also be a cold storage address.
There was an old topic about this:
https://bitcointalksearch.org/topic/lets-add-up-the-known-lost-bitcoins-7253
Unfortuantely it got abandoned quite a long time ago.
But is still a starting point, especially since the data there is mostly accurate as it comes from times when nobody was interesting in spamming the forum, nor was a BTC worth making such a fuss.
So, we can assume those coins are indeed lost for good.
If so, I'd like to add my 6 mBTC to it!
This is a unique kind of question in relation to bitcoin. As far as my knowledge is concerned there are no such thing as a database for inaccessible bitcoins since we cannot monitor those inaccessible bitcoins. Also people who have inaccessible bitcoins does not report it and if they report it there is no one who are taking notes on it and compiling them.
That's correct. There is no way to know if somebody own the private key that has to be used to spend an unspent output.
Offcourse, there are a couple addresses known that have been used to "burn" bitcoins, for example: https://blockchain.info/address/1BitcoinEaterAddressDontSendf59kuE
It's not because an unspent output hasn't been spent for years and years that it's automatically "inaccesible". It might also be a cold storage address.
If so, I'd like to add my 6 mBTC to it!
This is a unique kind of question in relation to bitcoin. As far as my knowledge is concerned there are no such thing as a database for inaccessible bitcoins since we cannot monitor those inaccessible bitcoins. Also people who have inaccessible bitcoins does not report it and if they report it there is no one who are taking notes on it and compiling them.
If so, I'd like to add my 6 mBTC to it!
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