How many Bitcoins are lost forever?

[el kaka22]

Someone have lost 40 BTC to this address: https://blockchain.info/address/1111111111111111111114oLvT2 2 days ago... That address already had 3 BTC balance there before (but some are from 2010/2011 when BTC price was low, and people burn them maybe for fun), but someone have burned ~9.5k$ worth now... (The story of that address is here: https://bitcointalk.org/index.php?topic=237143.0)

[|Bitcoin|]

There id no such term as 'lost forever' for bitcoin. Because private key is shared by many people. Someone may have the pk of satoshi wallet by 2050.

[lorylore]

Someone have lost 40 BTC to this address: https://blockchain.info/address/1111111111111111111114oLvT2 2 days ago... That address already had 3 BTC balance there before (but some are from 2010/2011 when BTC price was low, and people burn them maybe for fun), but someone have burned ~9.5k$ worth now... (The story of that address is here: https://bitcointalk.org/index.php?topic=237143.0)

Maximum concurrent requests for this endpoint reached. Please try again shortly.
Will check that later as blockchain seems down for me.

There id no such term as 'lost forever' for bitcoin. Because private key is shared by many people. Someone may have the pk of satoshi wallet by 2050.

This is only possible if the Quantum Computers comes in the market, they can decrypt/bruteforce mostly everything.

[gentlemand]

This is only possible if the Quantum Computers comes in the market, they can decrypt/bruteforce mostly everything.

Then everything will be lost forever.

[jt byte]

I saw a post recently that somebody has lost 40btc in an address those funds can not be spent ever.

[klf]

I guess around 15-20% are lost. But when we hit the Quantum computing singularity, all these lost coins will be recovered (or maybe)

[bytezero]

Central Banks print more money to devalue it, us Bitcoiner throw away money to get richer !

[tyz]

 Thanks for sharing. Interesting story This is really bad for the guy who lost them.

Someone have lost 40 BTC to this address: https://blockchain.info/address/1111111111111111111114oLvT2 2 days ago... That address already had 3 BTC balance there before (but some are from 2010/2011 when BTC price was low, and people burn them maybe for fun), but someone have burned ~9.5k$ worth now... (The story of that address is here: https://bitcointalk.org/index.php?topic=237143.0)

[CyberR.]

Thanks for sharing. Interesting story This is really bad for the guy who lost them.

Someone have lost 40 BTC to this address: https://blockchain.info/address/1111111111111111111114oLvT2 2 days ago... That address already had 3 BTC balance there before (but some are from 2010/2011 when BTC price was low, and people burn them maybe for fun), but someone have burned ~9.5k$ worth now... (The story of that address is here: https://bitcointalk.org/index.php?topic=237143.0)

Do you think it will ever get back in circulation?

[smith coins]

Thanks for sharing. Interesting story This is really bad for the guy who lost them.

Someone have lost 40 BTC to this address: https://blockchain.info/address/1111111111111111111114oLvT2 2 days ago... That address already had 3 BTC balance there before (but some are from 2010/2011 when BTC price was low, and people burn them maybe for fun), but someone have burned ~9.5k$ worth now... (The story of that address is here: https://bitcointalk.org/index.php?topic=237143.0)

Do you think it will ever get back in circulation?

Never. You can see that cant move once it's deposited there. Unable to decode output address

[tommorisonwebdesign]

Well as it has been said the more lost Bitcoins there are the better for us. But seriously though the more Bitcoins that go missing unlike fiat it will only drive the price up.

[prodigy8]

Can satoshi or the main of the bitcoin who made it, can he decide to recover the lost bitcoins that people lost them.

no there is no bitcoin CEO, and satoshi wasn't a ceo of bitcoin either, it always based on consensus

you can't go there and add a random amount to the supply just to retrieve those lost coins(which are actually a good thing for the future value), i'm not saying that it cannot be done, i'm saying that miners in primis should be favorable to it, and i doubt they are...

Then who was satoshi nakamoto ? Can the current rules change and make bitcoin reversible so you can recover the lost bitcoins?

[jjacob]

There id no such term as 'lost forever' for bitcoin. Because private key is shared by many people. Someone may have the pk of satoshi wallet by 2050.

Nope. The whole premise of Bitcoin is that the probability of that happening is so small that it is virtually zero.

[Hopalong]

There id no such term as 'lost forever' for bitcoin. Because private key is shared by many people. Someone may have the pk of satoshi wallet by 2050.

Nope. The whole premise of Bitcoin is that the probability of that happening is so small that it is virtually zero.

A low probability does not mean it will not happen because it will. The more user of bitcoin there is the more often will this happen.

I would guess that a lot of computers are adress mining today. Eventually they will find something worthwhile.

[Ceizer54]

is there any way to recover stolen bitcoins?

[ajareselde]

is there any way to recover stolen bitcoins?

Nope, unless you can convince the thief to give them back to you
 However, stolen bitcoins shouldn't be counted in " Bitcoins are lost forever" category.

cheers

[matrix zion]

I guess about 20-30% of the Bitcoins minted are lost forever

[prodigy8]

I guess about 20-30% of the Bitcoins minted are lost forever

How do you get this information. Do you know how many bitcoins are available and 20-30% is simple a huge money lost.

[Habeler876]

I guess about 20-30% of the Bitcoins minted are lost forever

How do you get this information. Do you know how many bitcoins are available and 20-30% is simple a huge money lost.

I think he just made random number up. 20% would be almost 3 million bitcoins, which makes no sense to be true. If he moved it a couple of decimal places it
would be closer to true number of lost bitcoins imho.

I believe that people are much more careful today when dealing with bitcoin, so the number should not increase the way it did few years back, but there are always errors and accidents tho.

[jt byte]

is there any way to recover stolen bitcoins?

Generally no, if you know who has stolen you then you can contact him, but it's hard. Bitcoin does not work like paypal.