Topic: Unspent coins (Read 1611 times)
Don't forget, pools have muscled in. There's likely a TON of coins that only ever have one transaction: generation->pool->owner.
BitCoin Days Destroyed, from the Official Wiki
I asked a similar question, and referred to them as Dark BitCoins Here. - please note that the Wiki's chart is very old, and it's not updated, as discussed in my thread.
I asked a similar question, and referred to them as Dark BitCoins Here. - please note that the Wiki's chart is very old, and it's not updated, as discussed in my thread.
@theymos : That's good info. But how many of those are recent blocks, ie. > Jan-2011?
lol... 47968 times 50 BTC? The completely unspent coins are massive compared to the amount traded!
Remember that volume shows frequently traded coins multiple times. I wonder why so many coins aren't used at all -- and what must happen to get them moving.
Remember that volume shows frequently traded coins multiple times. I wonder why so many coins aren't used at all -- and what must happen to get them moving.
It doesn't really matter, even if people lose their wallets.
Ultimately, the value of a bitcoin is the amount people are willing to pay for them and the amount people are willing to sell them at any given time.
But the more bitcoins there are on sale, the less people will pay for them.
Its supply and demand, my friend. If more of them are on sale, the supply increase, price drops. If less on sale, supply declines, price rises.
At the end of the day the ultimate, "invisible hand" moving the market is the amount of bitcoins for sale and being purchased at any given point.
The important thing to remember is that bitcoins are divisible by 8 places. So even a very high bitcoin price can be sustained without stifling use of the bitcoins.
lol... 47968 times 50 BTC? The completely unspent coins are massive compared to the amount traded!
Remember that volume shows frequently traded coins multiple times. I wonder why so many coins aren't used at all -- and what must happen to get them moving.
Remember that volume shows frequently traded coins multiple times. I wonder why so many coins aren't used at all -- and what must happen to get them moving.
It doesn't really matter, even if people lose their wallets.
Ultimately, the value of a bitcoin is the amount people are willing to pay for them and the amount people are willing to sell them at any given time.
But the more bitcoins there are on sale, the less people will pay for them.
lol... 47968 times 50 BTC? The completely unspent coins are massive compared to the amount traded!
Remember that volume shows frequently traded coins multiple times. I wonder why so many coins aren't used at all -- and what must happen to get them moving.
Remember that volume shows frequently traded coins multiple times. I wonder why so many coins aren't used at all -- and what must happen to get them moving.
It doesn't really matter, even if people lose their wallets.
Ultimately, the value of a bitcoin is the amount people are willing to pay for them and the amount people are willing to sell them at any given time.
You have to think, depending on the age of some of those blocks, that many have been lost to hard drives formatted when bitcoins were of no substantial value.
lol... 47968 times 50 BTC? The completely unspent coins are massive compared to the amount traded!
Remember that volume shows frequently traded coins multiple times. I wonder why so many coins aren't used at all -- and what must happen to get them moving.
Remember that volume shows frequently traded coins multiple times. I wonder why so many coins aren't used at all -- and what must happen to get them moving.
unfinishe's tool to list unredeemed transactions might be interesting too.
There's 47968 unspent generations right now.
Probably I'll make a page on Bitcoin Block Explorer where you can get this info.
Probably I'll make a page on Bitcoin Block Explorer where you can get this info.
Everybody knows, but nobody extracted the information. Read the blockchain!
Does anyone know a good way to tell how many coins are still in their original generation blocks and have never been spent? Thanks in advance.
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