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Topic: Let's add up the KNOWN lost bitcoins - page 15. (Read 65706 times)

member
Activity: 98
Merit: 10
(:firstbits => "1mantis")
August 19, 2012, 02:55:53 PM
38669.33589602
Hello!

I noticed that this thread is lacking Stefan Thomas's great loss of 7000 BTC. With this included, the new total is:

45669.33589602

I'll come clean too, I got into this when CPU mining was the way (0.2 client).   I don't want to go into details be here is the damage:

27,000 BTC


New Total:  BTC72,669.33589602

OMG I feel for you. Must suck knowing that you threw away at CEILING Half a million dollars Sad

Here... You may use my vomit bucket. Just please don't jump off a building!
legendary
Activity: 1330
Merit: 1026
Mining since 2010 & Hosting since 2012
August 19, 2012, 02:49:05 PM
38669.33589602
Hello!

I noticed that this thread is lacking Stefan Thomas's great loss of 7000 BTC. With this included, the new total is:

45669.33589602

I'll come clean too, I got into this when CPU mining was the way (0.2 client).   I don't want to go into details be here is the damage:

27,000 BTC


New Total:  BTC72,669.33589602
member
Activity: 98
Merit: 10
(:firstbits => "1mantis")
August 19, 2012, 02:33:29 PM
You know. I was talking to a friend of mine and we came up with an agreement.

There is no such thing as LOST bitcoins. They are simply misplaced or UNSPENT.

So unless you have the private key to SPEND them then they stay where they are. This is a security measure of course too.
hero member
Activity: 603
Merit: 500
August 18, 2012, 01:18:35 PM
I accodently sent 0.25 to an inactive address. No idea how I did it but I did.
legendary
Activity: 1246
Merit: 1077
August 18, 2012, 09:10:30 AM
Quote
Both the code and the idea of bitcoin may hav ebeen impregnable, but bitcoins themselves -- unique strings of numbers that constitute units of the currency -- are discrete pieces of information that have to be sorted somewhere. By default bitcoin kept users' currency in a digital "wallet" on their desktop, and when bitcoins were worth very little, easy to mine and possessed only by techies, that was sufficient. But once they became valuable, a PC felt inadequate. Some users protected bitcoins by creating multiple backups, encrypting and storing them on thumb drives, on forensically scrubbed virgin computers without internet connections, in the cloud, and on printouts stored in safe deposit boxes. But even some sophisticated early adopters had trouble keeping their bitcoins safe. Stefan Thomas had three copies of his wallet yet inadvertently managed to erase two of them and lose his password for the third. In a stroke, he lost about 7,000 bitcoins, at the time worth about $140,000. "I spent a week trying to recover it," he says. "It was pretty painful."
From: http://www.wired.co.uk/magazine/archive/2012/01/features/the-rise-and-fall-of-bitcoin?page=all
legendary
Activity: 1400
Merit: 1005
August 17, 2012, 11:37:11 PM
38669.33589602
Hello!

I noticed that this thread is lacking Stefan Thomas's great loss of 7000 BTC. With this included, the new total is:

45669.33589602
Can you link to the details of said loss?  I'd like to have things as well-documented as possible.  Thanks!
legendary
Activity: 1246
Merit: 1077
August 17, 2012, 10:00:02 PM
38669.33589602
Hello!

I noticed that this thread is lacking Stefan Thomas's great loss of 7000 BTC. With this included, the new total is:

45669.33589602
full member
Activity: 140
Merit: 100
August 17, 2012, 10:04:09 AM
Wow just reading the thread. It's actually 8999 not 9k. He still had 1 BTC.. Wow, just wow
legendary
Activity: 1106
Merit: 1004
full member
Activity: 140
Merit: 100
August 17, 2012, 09:49:05 AM
9000 +
50
____
9050 BTC

There, fixed it. Wink
You lost 9K BTC?Huh?? WTF are you thinking?  You should've ordered the  10K pizza.
member
Activity: 98
Merit: 10
(:firstbits => "1mantis")
August 16, 2012, 10:59:15 PM
What about the early blocks that still have untouched 50btc in them and no other transactions?
If we don't know they are lost, they cannot be added to this list.

have you kept up with the tally?

If that was aimed at me, don't mind me, just trolling!
legendary
Activity: 1764
Merit: 1002
August 16, 2012, 10:50:36 PM
What about the early blocks that still have untouched 50btc in them and no other transactions?
If we don't know they are lost, they cannot be added to this list.

have you kept up with the tally?
legendary
Activity: 1400
Merit: 1005
August 16, 2012, 10:49:03 PM
What about the early blocks that still have untouched 50btc in them and no other transactions?
If we don't know they are lost, they cannot be added to this list.
member
Activity: 98
Merit: 10
(:firstbits => "1mantis")
August 16, 2012, 10:30:54 PM
What about the early blocks that still have untouched 50btc in them and no other transactions?
legendary
Activity: 1064
Merit: 1001
August 16, 2012, 09:51:11 PM
Actually, it might be possible to figure out the total number of lost Bitcoins using a mathematical approximation.

I believe it is safe to say that the probability of a wallet's private key being lost is inversely proportional to the balance. We can model the expected loss over time as a Poisson process (http://en.wikipedia.org/wiki/Poisson_process), using the known data on lost Bitcoins to minimize the error.

I'm no math expert however.
legendary
Activity: 1484
Merit: 1005
July 07, 2012, 03:34:21 PM
3btc to bitscalper

at the time it was only worth $6

not technically lost, but gone forever.
hero member
Activity: 740
Merit: 500
Hello world!
July 07, 2012, 07:39:00 AM
Interesting thread, and the numbers in here needs to be taken into account when trying to guesstimate what " BTC will be worth if X happens.
legendary
Activity: 1778
Merit: 1008
June 25, 2012, 05:17:26 AM
when i first got into bitcoin, i mined for a while on my nvidia geforce 260... got up to about 2.25 btc. backed up the wallet along the way of course, and password encrypted the rar file using part of the "ring script" aka, that phrase inscribed on the "one ring" from lord of the rings. after reinstalling windows, the encrypted copy was the only backup i had. go to retrive it and... wrong password? what? oh god! hours pass, trying every concievable capitaliziation and spelling variation i could think of, searching the forum for ways to recover the unecrypted wallet or such... to no avail, of course.

then a year later or so i tried it again just for the heck of it and opened the file on the first try, of course. loss SAVED!

so, no losses here! but still, very interestign thread. makes me cringe at the thought of what the total losses are worth at current spot price...
hero member
Activity: 695
Merit: 502
PGP: 6EBEBCE1E0507C38
June 25, 2012, 01:08:37 AM
2btc was on my phone, Put cyanogen mod 9 on, i Thought I backed up the wallet file, but I can't remember where I put it.
legendary
Activity: 1260
Merit: 1000
Drunk Posts
June 22, 2012, 06:45:31 PM
I may or may not have lost ~1300 because of a lost encryption key... Heres to hoping the data recovery company can get my bitlocker key off a dead flash drive.
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