Lost Forever: 26.04 BTC Burned In 2016 - page 3.

jtipt

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Quote from: mobnepal on December 27, 2016, 04:35:37 AM

Quote from: bitcoinwhoswho on December 27, 2016, 02:26:19 AM

The total number of unspendable bitcoins is now 2,771.4086.

http://bitcoinwhoswho.com/blog/2016/12/21/btc-burn-addresses/

I think number of unspendable bitcoin is more than this because there are also lots of addresses which contain bitcoins and nobody have access to it, like addresses of wallets whose password were lost, known addresses of satoshi etc. However nice listing...

Yup thats right, its mostly because during 2009-2010 since the price was so low many people burned a lot of bitcoins. And as you said there surely are a lot more addresses that we don't know about, considering this 2771 BTC is a very less estimation.

BingoDog

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Activity: 658

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This is not a small sum at all, what a pitty. The reasons could be very different but I wonder if there is any way at all to somehow save this coins or they are realy lost forever? Or if not now maybe sometimes in the future because this is truly big damage.

calkob

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People have burned coins in the past for different reasons, and they were not really worth alot in the early days, i can remember giving away coin i had mined as they were worth nothing and new people wanted some, but once they became worth something my attitude changed to how much i would give them, i think this happened for alot of people, i have heard andreas and roger ver both saying that they had given away whole bitcoins, but now they only give away bits.

it soes seem a shame for all these bitcoins to be lost forever, but hey on the bright side it makes our coins all the more pricey Grin

1Referee

legendary

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Quote from: mobnepal on December 27, 2016, 04:35:37 AM

Quote from: bitcoinwhoswho on December 27, 2016, 02:26:19 AM

The total number of unspendable bitcoins is now 2,771.4086.

http://bitcoinwhoswho.com/blog/2016/12/21/btc-burn-addresses/

I think number of unspendable bitcoin is more than this because there are also lots of addresses which contain bitcoins and nobody have access to it, like addresses of wallets whose password were lost, known addresses of satoshi etc. However nice listing...

That's true, but there is no way to confirm that they are really lost, or that the people in question really haven't access to their coins anymore. That's why it's better to wait and not include them into compiled "lost coins" lists. I from time to time spend some hours on analyzing very old wallet addresses containing plenty of coins. In some cases you will see that after 5 or 6 years the person behind one of these addresses starts moving his coins. That's why I never take for granted that they lost access to their wallets.

mobnepal

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Activity: 1218

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Quote from: bitcoinwhoswho on December 27, 2016, 02:26:19 AM

The total number of unspendable bitcoins is now 2,771.4086.

http://bitcoinwhoswho.com/blog/2016/12/21/btc-burn-addresses/

I think number of unspendable bitcoin is more than this because there are also lots of addresses which contain bitcoins and nobody have access to it, like addresses of wallets whose password were lost, known addresses of satoshi etc. However nice listing...

topesis

hero member

Activity: 630

Merit: 500

Quote from: bitcoinwhoswho on December 27, 2016, 02:26:19 AM

Last October a website called BTCBurns.cf identified 397 burn addresses containing 2,657.8686 BTC lost forever. It has gone offline. Since it stopped keeping track 26.04 additional bitcoins have been sent to these addresses.

The total number of unspendable bitcoins is now 2,771.4086.

http://bitcoinwhoswho.com/blog/2016/12/21/btc-burn-addresses/

2771BTC in total, that is a fortune but is this act intentional or a mistake, how can they be sending BTC continually to a dead address.

bitcoinwhoswho

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Last October a website called BTCBurns.cf identified 397 burn addresses containing 2,657.8686 BTC lost forever. It has gone offline. Since it stopped keeping track 26.04 additional bitcoins have been sent to these addresses.

The total number of unspendable bitcoins is now 2,771.4086.

http://bitcoinwhoswho.com/blog/2016/12/21/btc-burn-addresses/

Topic: Lost Forever: 26.04 BTC Burned In 2016 - page 3. (Read 2328 times)