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Nite69
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October 03, 2012, 04:15:54 PM
 #81

Of course we could find out. Just enter the address into blockchain.info.

We do not know the address(es). But we know the amount; there should be about 17000 lost coins, which has not been used since 2011-07-26. Is there a spike in the amount of 'not-used-coins' at that time?

Edit: of course, we could also ask some of the addresses from their custromers.

Sync: ShiSKnx4W6zrp69YEFQyWk5TkpnfKLA8wx
Bitcoin: 17gNvfoD2FDqTfESUxNEmTukGbGVAiJhXp
Litecoin: LhbDew4s9wbV8xeNkrdFcLK5u78APSGLrR
AuroraCoin: AXVoGgYtSVkPv96JLL7CiwcyVvPxXHXRK9
Nite69
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October 03, 2012, 04:22:16 PM
 #82


I think this : http://ecdsa.org/stats.html is fairly close to what you're describing.


Well, actually there seems to be a spike in amount of lost coins around 2011-07-26.

Sync: ShiSKnx4W6zrp69YEFQyWk5TkpnfKLA8wx
Bitcoin: 17gNvfoD2FDqTfESUxNEmTukGbGVAiJhXp
Litecoin: LhbDew4s9wbV8xeNkrdFcLK5u78APSGLrR
AuroraCoin: AXVoGgYtSVkPv96JLL7CiwcyVvPxXHXRK9
bg002h
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October 04, 2012, 02:31:29 AM
 #83

I just ran a quick analysis on the blockchain.

Out of the 192386 blocks currently mined, very many of them
have a BTC 50 block reward that has never been spent.

To be exact, 41493 blocks have an unspent reward.

That is worth approximately BTC 2'074'650.00 (not counting fees).

That's 2 Million+ pristine coins hoarded, or about 20% of the BTC market cap.



Can you make an analysis to check if these coins really are lost:

"Bitomat.pl Loss
Time: 2011-07-26"
https://bitcointalk.org/index.php?topic=83794.0

Or maybe someone has been able to actually spend them after 'losing' them?

I thought that was just a theft...

Hardforks aren't that hard. It’s getting others to use them that's hard.
1GCDzqmX2Cf513E8NeThNHxiYEivU1Chhe
sunnankar
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October 04, 2012, 04:54:09 AM
 #84

I value a bitcoin the same way I value a stock - current market price:

And since there is asymmetrical information which means the efficient market hypothesis is flawed resulting in price being what you pay and value being what you get .... then good luck with that strategy.

phelix
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March 19, 2013, 08:37:03 AM
 #85

I would be curious to see the same age of unspent blocks data but from a 6 months ago perspective. A year as well. These might show us how recently the older coins first moved and how the recently unspent block percentage is changing.
An animation would be nice. I wonder how much activity is going on down there in the blockchain.
Bitcoinpro
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March 19, 2013, 10:15:02 AM
 #86

Smart enough to invent a new currency whose production runs out within the creator's lifetime, but too naive to think that they could ever be worth something? Unlikely.
Try again. The last reward reduction from 0.00000001 down to 0.00000000 is slated to be in about 100 years from now.

Ok, whose production effectively runs out in the creators lifetime...but let's not argue the trivial. Etlase2 is right.
Are you attempting to assume that the future value of 0.00000001 will be equal to or less than its current value? For all we know, in years 2108-2112 such a denomination could be worth quite a lot.

But then of course by then they could have invented lifespan-extending drugs or something. So what do I know.
1 Satoshi probably won't matter to someone who has 10^5 Bitcoins...but I doubt I'll live to see the day where a Satoshi actually could buy something common. I'd love to be wrong, but I think the math is on my side.



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