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Topic: Probable Dead Bitcoins - page 2. (Read 3691 times)

legendary
Activity: 980
Merit: 1004
Firstbits: Compromised. Thanks, Android!
April 20, 2013, 03:14:53 PM
#8
We need to understand the impact coins that are inaccessible to the network will have on deflation

Why? I certainly have no need to know.

If you're interested, by all means, carry on with trying to find a suitable metric (although I wish you luck on that...) but just know that any proposal that has someone try to "resurrect" (i.e., steal) my stored coins, or anyone else's, will probably end poorly.
legendary
Activity: 1134
Merit: 1008
CEO of IOHK
April 20, 2013, 03:03:48 PM
#7
We need to understand the impact coins that are inaccessible to the network will have on deflation
sr. member
Activity: 504
Merit: 250
April 20, 2013, 03:00:59 PM
#6
A wallet can change hands without moving, private keys are being traded, leave em alone!
legendary
Activity: 1134
Merit: 1008
CEO of IOHK
April 20, 2013, 02:54:07 PM
#5
And yes there is an influence on the market once a coin has become dead, then supply is reduced. For a single transaction this isn't an issue, but we need to measure the rate at which this happens.
legendary
Activity: 1134
Merit: 1008
CEO of IOHK
April 20, 2013, 02:52:59 PM
#4
That's why it has to be a probabilistic measure based upon historical transaction rates combined with the time in storage. It is impossible to assert a deterministic difference between a bitcoin in cold storage and a bitcoin that is dead.
z12
member
Activity: 63
Merit: 10
April 20, 2013, 02:51:48 PM
#3
Well. If not used for a long time, It's dead. The only difference is it can be revived. However it does not have any influence in the market until it starts moving.
So... yeah
legendary
Activity: 1176
Merit: 1280
May Bitcoin be touched by his Noodly Appendage
April 20, 2013, 02:41:50 PM
#2
How can you know whether a coin is lost or kept for the long term?
legendary
Activity: 1134
Merit: 1008
CEO of IOHK
April 20, 2013, 02:12:30 PM
#1
I've been studying the blockchain for a bit and I'm thinking about developing a metric to label bitcoins that are likely dead (ie the private key is no longer accessible). Do you guys have any advice for possible starting points?
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