1 million bitcoins are lost forever, or until quantum computing can break sha256
I did not understand. Can you please explain how 1million bitcoin is lost?
Satoshi, the founder of Bitcoins is believed to have accumulated around 1 million Bitcoins. He disappeared from the scene a couple of years ago, and his Bitcoins are assumed to have disappeared with him.
This is all speculation though. It should also be kept in mind that there are plenty of cases of people losing their Bitcoins forever. Once the last Bitcoin is mined, we'd probably have markedly less than 21m. It's divisible into multiple decimal places though, so it should not pose too much of a problem.