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So apparently there's like 4-6 million bitcoin that are lost and gone? Just curious if there was any ideas or plans to update the protocol to replace the lost bitcoins if there was a consensus, if that is even possible.
So that thieves (who are not the actual owners of the coins) should be claiming lost coins? They should prove with their private keys that they are the owners.
You can not know the exact number of bitcoin that are lost because you can not say all coins that are not moved to another address are lost. Or which methodology did you use to arrive at 4 to 6 million BTC to have been lost?
I was watching a video on YouTube: https://www.youtube.com/watch?v=0_X3OwmKvkQ
In any case thanks for all the responses guys.
Yo,
So apparently there's like 4-6 million bitcoin that are lost and gone? Just curious if there was any ideas or plans to update the protocol to replace the lost bitcoins if there was a consensus, if that is even possible.
So apparently there's like 4-6 million bitcoin that are lost and gone? Just curious if there was any ideas or plans to update the protocol to replace the lost bitcoins if there was a consensus, if that is even possible.
All the lost Bitcoin only mean a lower maximum supply. That causes the vaue of Bitcoin to go up. Less supply and more demand is just what we need. In fact, this will continue happening and Bitcoin value will continue rising. There is absolutely nothing wrong with this. Think of it this way: If a Bitcoiner loses his coins because they died or lost access to their wallet, all hodlers receive a kind of inheritence, automatically.
Is that not a great thing?
We should not change anything about this.
I guess? but considering all the big dick companies and gov'ts are accumulating and hoarding most of the btc, maybe having more btc available could allow more average folks to jump into the market? Plus after all, bitcoin was meant to be 21 million, not 21 million, but X amount is missing! sadge.
OP I think you or the person who has lost the funds should be more careful, although this claim of yours needs a little proof so please show that also to confirm whether you are saying true or not, and how did you lose the funds I mean did someone stole the keys, or you forget the keys and don't have any access to your funds now?
And is it was 4 to 5 million dollars worth of BTC! as your statement indicates as they are 4 to 5 million BTC which got lost not the 4 to 5 million dollars worth of BTC. I just searched on Google and it says that now a total of 3.7 million BTC have been lost out of 19.6 million circulating supply (Article is 2+ months old--> Source
That's why I love Satoshi hehe, He has swag.
And is it was 4 to 5 million dollars worth of BTC! as your statement indicates as they are 4 to 5 million BTC which got lost not the 4 to 5 million dollars worth of BTC. I just searched on Google and it says that now a total of 3.7 million BTC have been lost out of 19.6 million circulating supply (Article is 2+ months old--> Source
Lost coins only make everyone else's coins worth slightly more. Think of it as a donation to everyone.
I didn't lose anything, just wondering.
