Topic: What happen to dissapeared bitcoin? (Read 789 times)

it is just Believe many users not believe in bitcoin till prices upmore than 1000 and no one can buy bitcoin and thin price will be more than 4000$

its remain the same, even if you died with your bitcoin which is approximately 200 BTC you haved, it still 21million in total of bitcoin in existing. because it is still counted in 21 million. but the other 200 btc you have are not counted in circulation process because it stock on your bitcoin wallet and we don't know what will happen on that bitcoin that cannot came out on that wallet where you stored it. but the main stream is it still belongs to 21 million btc that existed in the whole world.

When you lose a coin is still there if you do not share it with anyone it is still yours. At present bitcoin is not yet legalized as gold or other currencies. I think this fun you lose no one owning it, the bitcoin will be less and less and it will increase the price I will make a profit on you die 

I thought it would reduce the amount of bitcoin, it was not ..
means as much as any person hoards the bitcoin and the hoarder dies, so it does not matter

i thought when bitcoins got burned... they would send you a smiley sticker to put on your refrigerator!?

You are correct that if you die and no one knows about your Bitcoins, they are lost forever. I'm sure there are many cases of people just losing their private keys, sending Bitcoins to the wrong address that doesn't belong to anyone, forgetting about their coins, etc.

In all of these situations, the Bitcoins are lost forever and can never be recovered. That means that the number of Bitcoins available will never actually be 21 million. The problem is that don't know how many are lost. If someone dies and no one knows about their Bitcoins, then we also aren't aware that they are lost.

In other words, we don't actually know how many Bitcoins are available to go into circulation.

Yes, if a person dies and no other person can access to his/her wallets (e.g. having private keys, seeds, etc.) funds are just not recoverable by anyone else, so - yes - such bitcoins would be lost forever. Thus, since many bitcoin are already lost, the total available amount of coins will be less than 21 millions.

It would be gone just like that especially when your wallet is like mew that the system has no control over it.

Nothing is going to happen. They stay in your wallet and no one can have access to them.

Yes, it's like that but when you die you can give it to someone who you trust like you family member because they can make that grow and i think it's none stop of being created (i think) but give it to a guy you know who will use it to make your BTC more.

I dont thing as same as you writted. No one will knows information about somecoin was lost

Please tell me a reason why the lost coin increase the price. Maybe you are right

and that's okay because the lost coins increase the price of the coins in available circulation.

A lot of dead wallets and lost keys. Their bitcoins still there but not accessible.

From your explanation above, I have recognized that fiat has a very weak spot, we all can see that Central bank do not have resppnsibility for the missing dollars. No one know and seems like government doesnt care about it

The monetary property of cryptocurrency.
1.) Controlled supply: Most cryptocurrencies limit the supply of the tokens. In Bitcoin, the supply decreases in time and will reach its final number somewhere in around 2140. All cryptocurrencies control the supply of the token by a schedule written in the code. This means the monetary supply of a cryptocurrency in every given moment in the future can roughly be calculated today. There is no surprise.

I've read it on blockgeeks. But I still haven't read any article stating the exact amount of bitcoin left.

"Imagine that I save 200 bitcoin in my wallet, and there is no one,  even single person I taught about my asset.
When I die… what happen to that 200 BTC? "

4.) Secure: Cryptocurrency funds are locked in a public key cryptography system. Only the owner of the private key can send cryptocurrency. Strong cryptography and the magic of big numbers makes it impossible to break this scheme. A Bitcoin address is more secure than Fort Knox.
- this is under the transactional properties. But I read some threads here on how to secure your wallet. Maybe there's still a possibility for your hot wallet to be hacked. I'm still researching.


"If its still there, aren't 20.999.800 left in the bitcoin circulation until the end of time?"

Maybe, if the figures were right and if you're the only person who will die with bitcoins saving that nobody knew.

No one can know for sure. But some people think that he may have up to 1M Bitcoins, which may be lost forever if Satoshi is dead or lost his private keys.

Yes. Every 21 million Bitcoin mined ever will remain existing forever - or until a hard fork says otherwise. No Bitcoin can be destroyed after getting created, which means that we will get at a point where every single Bitcoins will exist somewhere in random addresses, whether or not someone has access to it. I myself, already lost some satoshis in the past after moving some "big" amounts of Bitcoin and leaving some dust behind.

Bitcoin has a public ledge - the Blockchain - which will always let us see where are those Bitcoins. Meanwhile, I could burn a $50 bill right now and the total available supply of the dollar would fall by $50, even if no one could know about it.

Your analogic is very easy to understand, I though that 200BTC affect total supply and Increase exchange rate.

So, That 200 is still remain in existence, the only problem is no one have a permission to access

From where do we know which addresses do belong to Satoshi? Are there addresses known? And how many Bitcoins do these accounts hold? I heard about this the first time and I am very curious about this fact. I assume Satoshi owns a lot of Bitcoin and if its Bitcoins are supposed to be lost then this should really be considered in price creation of Bitcoin, shouldn't it?

maybe its yes. because theres no one can use your 200 btc when you died and you store it on a very safe wallet. so the total bitcoin in circulation is less than 21 million.

total in circulation mean total coins that users own and have or tradable in every exchanger,
so let say you have 200BTC in your wallet and right now you die because of illness or drunk.
then what will happen with total supply 21.000.000 ? it will remain that much and your coin categorized as total circulation,
even though no one know about your coins,it will categorized in total circulation
because it has been mined.
it was like in this area max house that we can build is 1000,
and you already have 20 houses in that area,but today you die.
of course it will never change because the land itself can not expand unless you destroy or move it.