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Title: How many coins do we think have been lost forever? Post by: leemar on November 07, 2013, 05:59:51 PM Wild guess, from stories and anecdotes I know of, 20-25%.
Attrition in the early days must have been reasonably high when they had little or no value? Title: Re: How many coins do we think have been lost forever? Post by: Rygon on November 07, 2013, 06:14:02 PM Thread for Known lost coins:
https://bitcointalk.org/index.php?topic=7253.0 Title: Re: How many coins do we think have been lost forever? Post by: leemar on November 07, 2013, 06:19:48 PM Thanks nice thread.
So confirmed lost is approx 63K = 5%, so suspect real number must be over 10%, again wild guess. Title: Re: How many coins do we think have been lost forever? Post by: Birdy on November 07, 2013, 06:27:49 PM Thanks nice thread. 63k aren't 5%, those are 0.3% of the 21 Mio Bitcoins (or about 0.6% of the currently issued ones).So confirmed lost is approx 63K = 5%, so suspect real number must be over 10%, again wild guess. I think the amount of coins lost is more than 1 Mio Bitcoins though. Title: Re: How many coins do we think have been lost forever? Post by: leemar on November 07, 2013, 06:29:13 PM Sorry, v bad maths, I meant 0.5% of those so far issued.
Title: Re: How many coins do we think have been lost forever? Post by: mb300sd on November 07, 2013, 06:30:34 PM I contributed my 5K back in the day.... :'( :'(
Title: Re: How many coins do we think have been lost forever? Post by: leemar on November 07, 2013, 06:34:48 PM 1 200th = 0.5% in my book if 1% is 100th?
12 mill / 63K = approx 1 200th, no? Title: Re: How many coins do we think have been lost forever? Post by: leemar on November 07, 2013, 06:36:58 PM I contributed my 5K back in the day.... :'( :'( We all owe you ;D Title: Re: How many coins do we think have been lost forever? Post by: Birdy on November 07, 2013, 06:39:08 PM 1 200th = 0.5% in my book if 1% is 100th? 12 mill / 63K = approx 1 200th, no? Sometimes even simple math is difficult xD Yes ~0.5% would be the actual number :o Title: Re: How many coins do we think have been lost forever? Post by: leemar on November 07, 2013, 06:42:31 PM At least no one will accuse us of being Satoshi :D
looks like trying to count is a fruitless exercise in any case. Title: Re: How many coins do we think have been lost forever? Post by: shizuska on November 07, 2013, 06:49:37 PM I think lots of BTCs are gone forever, about 15% of what has been mined totally. So thats about 2 million coins.
Title: Re: How many coins do we think have been lost forever? Post by: foggyb on November 07, 2013, 06:54:37 PM I think lots of BTCs are gone forever, about 15% of what has been mined totally. So thats about 2 million coins. With a range of error of + or - 14.5% Title: Re: How many coins do we think have been lost forever? Post by: leemar on November 07, 2013, 06:55:52 PM I think lots of BTCs are gone forever, about 15% of what has been mined totally. So thats about 2 million coins. Agreed, but I also suspect the rate of attrition will decelerate sharply, as the price increases and people are more careful and coins move to stronger/safer hands. Title: Re: How many coins do we think have been lost forever? Post by: Ecurb123 on November 07, 2013, 07:09:22 PM I think as the value goes up and up, there will be a lot less people losing their bitcoin. Heck I spent the few I had a long time ago too recklessly.
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