Maybe it's the fact that the fraction of people who would have had those coins are no longer participating in the market as sellers that really influences that supply vs. demand equation.
Correct. Less accessible Bitcoins lead to a lower market supply. Estimates go up to a few million Bitcoins that have been lost, such as this hard drive holding 7500 Bitcoin. If he wouldn't have lost it, he would for sure have sold at least part of it by now, to live a life in luxory. 
Topic: where goes the lost bitcoins? - page 2. (Read 539 times)
Every lost Bitcoin reduces the number of Bitcoins in circulation. The scarcer it gets, the higher the value per Bitcoin. So in a way every Bitcoin owner benefits from this.
I don't think this is true, the impact I mean. For the lost supply to influence demand wouldn't the market need to be aware of it? And the market can never be aware of the lost supply.
Maybe it's the fact that the fraction of people who would have had those coins are no longer participating in the market as sellers that really influences that supply vs. demand equation.
Any economists out there care to comment?
Satoshi Nakamoto: "Lost coins only make everyone else's coins worth slightly more. Think of it as a donation to everyone."
Just noticed this quote, what a clever comment from Satoshi.
Every lost Bitcoin reduces the number of Bitcoins in circulation. The scarcer it gets, the higher the value per Bitcoin. So in a way every Bitcoin owner benefits from this.
When someone losts his bitcoin wallet he/she lost his bitcoins and never possible to get it but where goes it? or Can anyone get it or be benefited like traditional currency?
Gone forever. It's the greatest tragedy of Bitcoin. Perhaps second only to the rest of us not knowing how many bitcoin have been lost.
There's rarely a way to get your coins back. Now if you forget a password but know the public keys of your wallet, there's a chance you can crack the password. But if you've also lost the public keys and don't have the wallet client on your laptop or something those coins are lost forever.
Keep your password and keys safe!
The greatest thing about Bitcoin is that we all get to be our own bank. And the scariest thing about Bitcoin is that we all get to be our own bank.
It goes nowhere. There is no way to recover or recycle those coins after someone lose access to them, so they just stay there forever.
Satoshi Nakamoto: "Lost coins only make everyone else's coins worth slightly more. Think of it as a donation to everyone."
Satoshi Nakamoto: "Lost coins only make everyone else's coins worth slightly more. Think of it as a donation to everyone."
When someone losts his bitcoin wallet he/she lost his bitcoins and never possible to get it but where goes it? or Can anyone get it or be benefited like traditional currency?
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