The color of the PCB is all wrong too.

Can you redo it in hot pink?  Thanks.

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.


I don't consider pursuits of curiosity to be a waste of time.

Not in that photo  

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.



Then it's not inactive for over 2 years, is it?  


What more accurate method could you suggest then?

I don't think anyone would be interested in bitcoin if they had no greed or belief.

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.

I for one can't wait to get in on the next batch.

I'm looking for a steady supplier of bitcoins between Vancouver and Chilliwack.

I'd like to buy them face to face every few weeks at first, and eventually move to buying a steady CAD amount every week or so using an online payment option (whatever the seller would prefer).

PM me if you're interested in selling and are in the area  

Quite possible. Besides NMC I think LTC is one of the oldest Alt currencies that's still actively traded.

Will keep an eye out.

He'll make a killing as he dumps it for BTC

So offended right now 

That other guy answered your question already  


EDIT: A 100 BTC starting reward would mean ~42 million total BTC, which would've still seemed plausible, while having an even rounder variable in the total BTC equation.


New arbitrary thread: "Why is 50 better than 100???"

Very interesting, block reward halves roughly every Leap Year.

• 50 btc per block
• One block every 10 minutes
• Reward halves every quadrennial (Leap years, Presidential elections, Olympics, Eclipse)

But why 50 BTC / block to start and not 100?

Could go for one myself right about now.

But you have to keep in mind that there is no true measure for Total network hashing power, its all extrapolated from the time it takes to calculate a block, which is a value that can swing anywhere from 1 minute to 1 hour (and even more in extreme cases), so variations like that are nothing out of the ordinary, even if total network hashing power was constant.

He's counting on it. By that time he'll have amassed a horde of bitcoins, and THEN he'll announce that due to the "shut down/assets frozen" his new music store service will deal exclusively in BTC.

Exchange skyrockets, he laughs all the way to the buffet.

It would be healthy for decentralized currency as a whole if someone succeeded in damaging bitcoin, as it would give rise to an even more resilient strain of cryptocurrency.

And I bet a large fraction of those are permanently lost, either from when BTC was new and worthless and miners didn't bother backing up their wallets, or forgot their passwords etc.

"Pre-order cancellations are beginning to outnumber new orders so we've declared bankruptcy. Oh, and our BTC wallet wasn't backed up properly and stuff."

Try suggesting they add a BTC QR address on the collection plate, see what these "Christians" say