Bitcoin Forum
November 03, 2024, 03:43:52 AM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
   Home   Help Search Login Register More  
Bitcoin Forum > Bitcoin > Bitcoin Discussion > What happens to "lost" bitcoin
Pages: [1]
« previous topic next topic »
  Print  
Author Topic: What happens to "lost" bitcoin  (Read 915 times)
ljudotina (OP)
Legendary
*
Offline Offline

Activity: 1260
Merit: 1029


View Profile
January 10, 2014, 03:47:43 PM
 #1
I read about guy who forgot about his BTC and dumped HDD containing wallet. I'm pretty much sure he's not only one that did stupid mistake like that.
That made me wonder...what happens with that BTC. Is it lost forever? Will, with time, certain amount of BTC be lost that way? What do you think what percentage can / will be lost?
https://www.bitcoin-hrvatska.com/forum
BTC-TK
Member
**
Offline Offline

Activity: 154
Merit: 14


View Profile
January 10, 2014, 03:51:59 PM
 #2
Satoshi has predicted that some BTC would be lost and claimed that it would only do good to the people that hold BTC since the supply has decreased thus every BTC is worth more.
   ⚡⚡ PRiVCY ⚡⚡   ▂▃▅▆█ ✅ PRiVCY (PRIV) is a new PoW/PoS revolutionary privacy project ● ☞ ✅ Best privacy crypto-market! ● █▆▅▃▂
    Own Your Privacy! ─────────────────║ Website |  Github  |  Bitcointalk  |  Twitter  |  Discord  |  Explorer ║─────────────────
   ✯✯✯✯✯                 ✈✈✈[Free Airdrop - Starts 9th June]✅[Tor]✈✈✈ ║───────────║ Wallet ➢ ✓ Windows  |  ✓ macOS  |  ✓ Linux
ljudotina (OP)
Legendary
*
Offline Offline

Activity: 1260
Merit: 1029


View Profile
January 10, 2014, 03:53:51 PM
 #3
Ah cool....so there is no recycle mechanism or something like that....
When i think about it, that kind of mechanism would be bad for anyone who wants to keep his BTC untouched for long period of time for whatever reason....

Anyway, thanks for answer.
https://www.bitcoin-hrvatska.com/forum
cr1776
Legendary
*
Offline Offline

Activity: 4214
Merit: 1312


View Profile
January 10, 2014, 04:09:14 PM
 #4
No recycling mechanism, no.  There has been a lot of discussion on the forums about this and the ramifications etc over the years if you want to explore it more.  :-)
Kenshin
Sr. Member
****
Offline Offline

Activity: 280
Merit: 250


View Profile
January 10, 2014, 04:24:13 PM
 #5
Quote from: ljudotina on January 10, 2014, 03:47:43 PM
I read about guy who forgot about his BTC and dumped HDD containing wallet. I'm pretty much sure he's not only one that did stupid mistake like that.
That made me wonder...what happens with that BTC. Is it lost forever? Will, with time, certain amount of BTC be lost that way? What do you think what percentage can / will be lost?

It will be lost forever.
whtchocla7e
Full Member
***
Offline Offline

Activity: 392
Merit: 116


Worlds Simplest Cryptocurrency Wallet


View Profile
January 10, 2014, 04:33:56 PM
 #6
All those... bitcoins... will be lost in time, like... tears... in... rain
Quote
▂▂▂▂▂▂▂▂▂▂▂▂▂▃▅▆█ L E A D █▆▅▃▂▂▂▂▂▂▂▂▂▂▂▂
World's Simplest and Safest Decentralized Cryptocurrency Wallet!
▬▬▬▬▬▬▬ • STORE • SEND • SPEND • SWAP • STAKE • ▬▬▬▬▬▬
doolittle
Full Member
***
Offline Offline

Activity: 340
Merit: 101


View Profile
January 11, 2014, 01:59:40 PM
 #7
Quote from: whtchocla7e on January 10, 2014, 04:33:56 PM
All those... bitcoins... will be lost in time, like... tears... in... rain

 Grin Love it !
BitCoinDream
Legendary
*
Offline Offline

Activity: 2394
Merit: 1216

The revolution will be digital


View Profile
January 11, 2014, 02:19:16 PM
 #8
Quote from: whtchocla7e on January 10, 2014, 04:33:56 PM
All those... bitcoins... will be lost in time, like... tears... in... rain

Those Bitcoins are gone to Etya !!!
BTCisthefuture
Sr. Member
****
Offline Offline

Activity: 364
Merit: 250


View Profile
January 11, 2014, 04:06:34 PM
 #9
Will be interesting in the future to see how many lost coins there are. Satoshi was correct that lost coins means more value for other people's coins. I do wonder though what happens if too many coins where lost.
Hourly bitcoin faucet with a gambling twist !  http://freebitco.in/?r=106463
F-bernanke
Sr. Member
****
Offline Offline

Activity: 308
Merit: 250


View Profile
January 11, 2014, 04:34:23 PM
 #10
Quote from: BTCisthefuture on January 11, 2014, 04:06:34 PM
Will be interesting in the future to see how many lost coins there are. Satoshi was correct that lost coins means more value for other people's coins. I do wonder though what happens if too many coins where lost.

There is no such thing as too many coins lost (except is 95%of the BTC get lost).

There's enough satoshis for everyone.
QuestionAuthority
Legendary
*
Offline Offline

Activity: 2156
Merit: 1393


You lead and I'll watch you walk away.


View Profile
January 11, 2014, 05:39:01 PM
 #11
They go to money heaven like the Confederate Dollar, Reichsmark and Deutsche Mark where Jesus uses them to buy angels new wings.
The merit system isn’t working. Read this thread to see why.
Pages: [1]
  Print  
Bitcoin Forum > Bitcoin > Bitcoin Discussion > What happens to "lost" bitcoin
 « previous topic next topic »
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!