Old wallet with Bitcoin that nobody know

Sugar Daddy

newbie

Activity: 32

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Quote from: socks435 on May 08, 2017, 06:14:22 PM

Quote from: Clement Kaliyar on May 08, 2017, 06:04:48 PM

Quote from: Sugar Daddy on May 08, 2017, 06:01:03 PM

Satoshi himself lost access to his wallets. He's gone underground in embarrassment.

From where did you hear this news Cheesy

It is possible that he lost access to his wallets but looking back at the genius of the inventor it is highly unlikely that he wont be making a hard back up of everything because he knows what he has made and unless and until he destroys those private keys on purpose he wont be losing because of negligence .

I think he knows how to recover even i think he is not holding the private key of his own wallet. since he is the creator of bitcoin i think he is holding a secret to get his own bitcoin or anytime i think he can make his own bitcoin without mining it..

No not possible. I've have looked at the source code for this possiblity Grin

MingLee

hero member

Activity: 490

Merit: 520

Quote from: MasterChef11 on May 07, 2017, 08:02:47 AM

Imagine to yourself how many wallet with astronomic sums of bitcoin people lost or lost because they didnt give a fuck when bitcoin was tiny.
and those wallets..will never get acceesable

There's a chance that most of those wallets don't have all that much stuck inside them right now, maybe in the ballpark of a few millions of dollars lost but I find it unlikely that there is much else inside of them since a ton of people would do a lot to get their stuff back.
As mentioned before though, those instances are good because they reduce the supply without changing the demand. That's a good thing in business, since prices go up.

Superways

hero member

Activity: 826

Merit: 502

Quote from: BitcoinHodler on May 07, 2017, 08:06:05 AM

so what is your point exactly?
the topic of "how many bitcoins are lost" have been discussed multiple times. and that only means there is going to be even less bitcoin that is supposed to be. and the more they lose the more scarce bitcoin is going to be for us BitcoinHodlers.

lower supply + increasing demand = price to the moon

Yes low supply and high demand is good for bitcoin and its holders and if someone forget their wallet is also beneficial for holders but I do not think that it will be good for the bitcoin team/technology as they have their calculated amount of bitcoin and that amount is devised very intelligently so if there will be difference in that amount then I think it will disturb the technology.

socks435

legendary

Activity: 2058

Merit: 1030

I'm looking for free spin.

Quote from: Clement Kaliyar on May 08, 2017, 06:04:48 PM

Quote from: Sugar Daddy on May 08, 2017, 06:01:03 PM

Satoshi himself lost access to his wallets. He's gone underground in embarrassment.

From where did you hear this news Cheesy

It is possible that he lost access to his wallets but looking back at the genius of the inventor it is highly unlikely that he wont be making a hard back up of everything because he knows what he has made and unless and until he destroys those private keys on purpose he wont be losing because of negligence .

I think he knows how to recover even i think he is not holding the private key of his own wallet. since he is the creator of bitcoin i think he is holding a secret to get his own bitcoin or anytime i think he can make his own bitcoin without mining it..

Clement Kaliyar

hero member

Activity: 1302

Merit: 532

Quote from: Sugar Daddy on May 08, 2017, 06:01:03 PM

Satoshi himself lost access to his wallets. He's gone underground in embarrassment.

From where did you hear this news Cheesy

It is possible that he lost access to his wallets but looking back at the genius of the inventor it is highly unlikely that he wont be making a hard back up of everything because he knows what he has made and unless and until he destroys those private keys on purpose he wont be losing because of negligence .

Sugar Daddy

newbie

Activity: 32

Merit: 0

Satoshi himself lost access to his wallets. He's gone underground in embarrassment.

Harry Callahan

sr. member

Activity: 350

Merit: 250

Quote from: JengoFF_n0 on May 08, 2017, 04:21:55 PM

It seems to me that those who lost Bitcoin in those years tried or even could have returned access to their wallet. Because to restore access to today is not a big deal because all the data are assigned to a real person, so I do not think this is a problem. But to trace all operational data on financial operations. And this is certainly possible.

It is not possible to restore your coins if you are not having the private keys and the coins lost are lost forever ,tracing the coins does not get you to the coins and it is not possible to remember the wallet address in the first place if you are away for a long time.So be careful when you are dealing with crypto currency because if you forget to take back ups it is a waste of your time and resources.

JengoFF_n0

jr. member

Activity: 56

Merit: 10

Quote from: Velkro on May 08, 2017, 04:14:01 PM

Quote from: MasterChef11 on May 07, 2017, 08:02:47 AM

Imagine to yourself how many wallet with astronomic sums of bitcoin people lost or lost because they didnt give a fuck when bitcoin was tiny.
and those wallets..will never get acceesable

I don't need to imagine i can check that on blockchain since all transactions are registered in public since start of bitcoin.
You need only to check addressed which coins don't move since around half of 2010 for example.

It seems to me that those who lost Bitcoin in those years tried or even could have returned access to their wallet. Because to restore access to today is not a big deal because all the data are assigned to a real person, so I do not think this is a problem. But to trace all operational data on financial operations. And this is certainly possible.

Velkro

legendary

Activity: 2296

Merit: 1014

Quote from: MasterChef11 on May 07, 2017, 08:02:47 AM

Imagine to yourself how many wallet with astronomic sums of bitcoin people lost or lost because they didnt give a fuck when bitcoin was tiny.
and those wallets..will never get acceesable

I don't need to imagine i can check that on blockchain since all transactions are registered in public since start of bitcoin.
You need only to check addressed which coins don't move since around half of 2010 for example.

Dudeperfect

hero member

Activity: 1190

Merit: 534

Yes, people have lost many wallets with a good number of bitcoins in it with some silly and great mistakes but at some points, we can understand it but I am afraid of those who throw away their bitcoins intentionally.

Destroying Bitcoin is NOT Acceptable.

The number of total loss is unaccountable as it is near to impossible to find such number.

just_Alice

hero member

Activity: 1274

Merit: 622

Quote from: crazyivan on May 07, 2017, 02:07:23 PM

Well, it s obvious by now 21 million s not going to be max BTC supply, probably around 1 million will be lost in the process.

I m sure each of us s got some old online of offline wallet with some dust in it which will never get accessed again.

True. Even I, although I started with bitcoin only 2 years ago, lost several wallets with dust in them. The biggest loss was a wallet with almost 700k satoshis which is not exactly a dust nowadays. Although all the other ones were with not more than 20k sats I imagine how much BTC was lost if every bitcoin user has a similar story.

LuanX3

hero member

Activity: 756

Merit: 505

I agree with most users here on the topic. If these addresses don't get accessed anymore, this means those will be forever lost and we can't do anything about it. Then the good thing about it that the price will skyrocket since the supply really is quite lower than intended but the demand will go up.

Kprawn

legendary

Activity: 1904

Merit: 1074

Quote from: Pearls Before Swine on May 07, 2017, 01:25:35 PM

OP can't speak English. Starts ridiculous topic that no one can understand. Seems to be a trend on this forum, doesn't it?

So glad there's an "ignore" button feature here. I can't seem to block these people fast enough.

Yea, good for you. I always smile when I see people doing this and think to myself why they think they might be superior to other people, when

their grammar and spelling is flawless. Some of these people are new to Bitcoin and need our help... even if the grammar and spelling is not

100% correct. I can speak 4 languages and write 3 and English is not my first language, but I still seem to be capable to carry a conversation.

You might just miss out on some cool conversations and funny moments when you simply dismiss people who struggle with your language. Wink

I enjoy people, no matter what language they speak... it is more about what they are saying and not how they are saying it. Wink

posternat

hero member

Activity: 798

Merit: 500

Quote from: btc_angela on May 07, 2017, 01:17:10 PM

Quote from: MasterChef11 on May 07, 2017, 08:02:47 AM

Imagine to yourself how many wallet with astronomic sums of bitcoin people lost or lost because they didnt give a fuck when bitcoin was tiny.
and those wallets..will never get acceesable

Somebody's lost is somebody's gain. Well its their fault really because they didn't care about their bitcoin. And we can read countless stories like that online. They can just bang their heads off and nothing will bring them back what they have lost. And it turn, its our gain, because what other's have mentioned, it add to the scarcity of bitcoin which will result in a higher price in the market. So its a gain for us.

I agree with you that, somebody's lost somebody's gain, and we are the gainer, who uses bitcoin now.
I guess we need to thank them because there will be no chance that the bitcoin going to be in a very low price like cents per bitcoin, so it is impossible now that the bitcoin will crash into nothing value.
And yes Op, those lost wallets or old wallets are not accessible and impossible to get again by others

Decoded

legendary

Activity: 1232

Merit: 1030

give me your cryptos

The thing is, that only a 1-2 million bitcoin was mined at the time when bitcoin was sub-100. From 20-100, there was a lot of hype and excitement, so I doubt that much bitcoin was lost. Since it was also so new, there wasn't much malware related to bitcoin at the time.

At most, only a couple of tens of thousands of bitcoin would be lost. It's the nature of bitcoin for the user to be responsible for their money, so if someone loses them, it's totally their fault.

Gens09

sr. member

Activity: 434

Merit: 250

It will be lost they called it lost your bitcoin lost if no one knows your password or security pass and no one can process that bitcoin but if you still have access in that wallet your reach in this days because the price already increase rapidly.

crazyivan

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DMD Diamond Making Money 4+ years! Join us!

Well, it s obvious by now 21 million s not going to be max BTC supply, probably around 1 million will be lost in the process.

I m sure each of us s got some old online of offline wallet with some dust in it which will never get accessed again.

Pearls Before Swine

sr. member

Activity: 1190

Merit: 306

OP can't speak English. Starts ridiculous topic that no one can understand. Seems to be a trend on this forum, doesn't it?

So glad there's an "ignore" button feature here. I can't seem to block these people fast enough.

btc_angela

hero member

Activity: 2660

Merit: 551

Quote from: MasterChef11 on May 07, 2017, 08:02:47 AM

Imagine to yourself how many wallet with astronomic sums of bitcoin people lost or lost because they didnt give a fuck when bitcoin was tiny.
and those wallets..will never get acceesable

Somebody's lost is somebody's gain. Well its their fault really because they didn't care about their bitcoin. And we can read countless stories like that online. They can just bang their heads off and nothing will bring them back what they have lost. And it turn, its our gain, because what other's have mentioned, it add to the scarcity of bitcoin which will result in a higher price in the market. So its a gain for us.

Kprawn

legendary

Activity: 1904

Merit: 1074

My theory is that Satoshi himself tested Bitcoin in the beginning ...without really worrying about the "lost" coins. I think, even he did not figure

that these coins might become this expensive in the future. Many of those millions of coins might even be part of those "lost" coins. It might sound

absurd, but I think this is one of the reasons why these coins are still untouched. Wink

Topic: Old wallet with Bitcoin that nobody know (Read 1456 times)