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.
Topic: What happen to dissapeared bitcoin? - page 2. (Read 787 times)
I just curious about statement "only 21 million BTC are able to exist in this world"
I got curious as well can you give the link from where you have see that statement?
Quote
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?
When I die… what happen to that 200 BTC?
If you die and your Cellphone is to much personal and no one knows about you password or your into bitcoin. Well it will remain or some hacker may notified that the 200 bitcoin of yours never been move for so long than maybe, just maybe the hacker will go and grab it.
Quote
If its still there, aren't 20.999.800 left in the bitcoin circulation until the end of time?
Base on how I see and study this world of Cryptocurrency. Yes it will remain but who knows.
1) https://bitcoin.org/en/bitcoin-paper
2) nobody can "hack" bitcoin
3) the coins are still there. But they are not available for any porpouse because nobody have access to them
Your unknowing is astonishing
I just curious about statement "only 21 million BTC are able to exist in this world"
I got curious as well can you give the link from where you have see that statement?
Quote
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?
When I die… what happen to that 200 BTC?
If you die and your Cellphone is to much personal and no one knows about you password or your into bitcoin. Well it will remain or some hacker may notified that the 200 bitcoin of yours never been move for so long than maybe, just maybe the hacker will go and grab it.
Quote
If its still there, aren't 20.999.800 left in the bitcoin circulation until the end of time?
Base on how I see and study this world of Cryptocurrency. Yes it will remain but who knows.
That's the difference beetween the "total supply and the "total available supply". A lot of keys are already supposed to be lost, including satoshi's ones
I just curious about statement "only 21 million BTC are able to exist in this world"
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?
If its still there, aren't 20.999.800 left in the bitcoin circulation until the end of time?
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?
If its still there, aren't 20.999.800 left in the bitcoin circulation until the end of time?
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