Wow the first address all ones, very strange.
The guy is showing off, knowing people will look at it, wouldn't be surprised if he had more in other addresses.
Can't blame him
Topic: z - page 8. (Read 58382 times)
It's all about estimation and odds/probability.
Estimations and statistics are useless if your underlying model is flawed...
Truth is you can't tell which coins are lost or used as savings account, you can't even estimate it correctly.
Of course, but most likely lost bitcoins are lost so without movement since let's say <2 years is a good estimation no?
Sounds like a very poor estimation, because by that count all money spent on 30 year Ts is "lost" 15 times over.
But so many people just leave bitcoins sitting in there addresses for awhile, so this stupid, it is like buying a stock and just holding, if you hold for 40yrs then sell, it is the same thing doesn't mean you lost it.
But you can't estimation at all... that is like saying let me estimate all the cars that are drivable, and if they are parked in the same place for more than year they are not drivable. It doesn't make sense.
First of all, I never said that ALL cars parked <1y are not drivable
Secondly, not drivable car are not on the road, for sure, they are parked somewhere.
It's all about estimation and odds/probability.
Of course, but most likely lost bitcoins are lost so without movement since let's say <2 years is a good estimation no?
Sounds like a very poor estimation, because by that count all money spent on 30 year Ts is "lost" 15 times over.
But so many people just leave bitcoins sitting in there addresses for awhile, so this stupid, it is like buying a stock and just holding, if you hold for 40yrs then sell, it is the same thing doesn't mean you lost it.
But you can't estimation at all... that is like saying let me estimate all the cars that are drivable, and if they are parked in the same place for more than year they are not drivable. It doesn't make sense.
Of course, but most likely lost bitcoins are lost so without movement since let's say <2 years is a good estimation no?
Sounds like a very poor estimation, because by that count all money spent on 30 year Ts is "lost" 15 times over.
But so many people just leave bitcoins sitting in there addresses for awhile, so this stupid, it is like buying a stock and just holding, if you hold for 40yrs then sell, it is the same thing doesn't mean you lost it.
Of course, but most likely lost bitcoins are lost so without movement since let's say <2 years is a good estimation no?
Sounds like a very poor estimation, because by that count all money spent on 30 year Ts is "lost" 15 times over.
But so many people just leave bitcoins sitting in there addresses for awhile, so this stupid, it is like buying a stock and just holding, if you hold for 40yrs then sell, it is the same thing doesn't mean you lost it.
Of course, but most likely lost bitcoins are lost so without movement since let's say <2 years is a good estimation no?
Sounds like a very poor estimation, because by that count all money spent on 30 year Ts is "lost" 15 times over.
Of course, but most likely lost bitcoins are lost so without movement since let's say <2 years is a good estimation no?
Sounds like a very poor estimation, because by that count all money spent on 30 year Ts is "lost" 15 times over.
That wouldn't be accurate, [...] So that is a horrible way to show if coins are lost or unable to be used.
I never said it would be 100% accurate. I'm sure there are SOME addresses without any transactions for over 2 years that the owners still have access to.
It is 0% accurate it is just being lucky...
No, 0% accuracy is what we get with your suggestion of "don't bother trying to find out".
We know there are 10,676,550 mined bitcoins as of this writing, and if 500,000 of those haven't moved in 2 or even 3 years then at least we have SOME idea of how many dead coins there MAY be.
There is no accurate method, [...] I think looking for those "lost coins" is a waste of time.
I don't consider pursuits of curiosity to be a waste of time.
That wouldn't be accurate, [...] So that is a horrible way to show if coins are lost or unable to be used.
I never said it would be 100% accurate. I'm sure there are SOME addresses without any transactions for over 2 years that the owners still have access to.
It is 0% accurate it is just being lucky...
I have a couple address that have no transactions but just one for over 6 months.
Then it's not inactive for over 2 years, is it?
Smart ass I see...
What more accurate method could you suggest then?
There is no accurate method, and that is the great thing about bitcoins, you mess up, you learn a lesson. That is how people are going to be become better bitcoiners. I think looking for those "lost coins" is a waste of time.
That wouldn't be accurate, [...] So that is a horrible way to show if coins are lost or unable to be used.
I never said it would be 100% accurate. I'm sure there are SOME addresses without any transactions for over 2 years that the owners still have access to.
I have a couple address that have no transactions but just one for over 6 months.
Then it's not inactive for over 2 years, is it?
What more accurate method could you suggest then?
Knowing this, is it possible to know the amout of BTC that are "lost" if lost = unused for 2 years?
I bet there is a $/BTC point where most people started taking bitcoin seriously enough to backup their wallets before reformatting.
There should be an app that counts all the bitcoin addresses that haven't had any transactions since the exchange was at $x/BTC and gives you the total number of bitcoins likely lost.
That wouldn't account for forgotten passwords or coins sent to the wrong address etc since then, but it'd still be interesting to see the number.
That wouldn't be accurate, cause I know people that have just stuck some bitcoins in addresses that they never use. Me included, I have a couple address that have no transactions but just one for over 6 months. So that is a horrible way to show if coins are lost or unable to be used.
Knowing this, is it possible to know the amout of BTC that are "lost" if lost = unused for 2 years?
I bet there is a $/BTC point where most people started taking bitcoin seriously enough to backup their wallets before reformatting.
There should be an app that counts all the bitcoin addresses that haven't had any transactions since the exchange was at $x/BTC and gives you the total number of bitcoins likely lost.
That wouldn't account for forgotten passwords or coins sent to the wrong address etc since then, but it'd still be interesting to see the number.
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