I read on lost Bitcoin today on the coin telegram on the topic of lost Bitcoin and I stopped to wonder what benefits the lost Bitcoin are to every holder, there is no gainsaying how much Bitcoin we have all lost due to one reason or the other some to a wrong address I hard of a guy that lost the private key to a wallet holding about 13,000 Bitcoin and wants to ask should we take such accidents as a donation to Bitcoin holders?

Lost bitcoins lead to a reduced supply and a thinner supply flow against demand usually results in a increase in the price.

Does it really benefit other holders? I would say it is a zero sum game; Firstly,it's a regrettable situation for one to lose access to their bitcoins due to carelessness or ignorance and it presents a risk that could demotivate some from getting into bitcoin; An average Joe would not want to be entirely responsible for their assets, where one wrong move could result in it getting lost.

Secondly, determining what bitcoin are lost is purely down to speculation, except the holders come out publicly. So adding some more couple thousand bitcoins into the lost pool which cannot be determined does not do much for it to be a benefit to other holders.

bitcoins crucial feature is that as long as you keep your private key private no one can take your funds

adding in features to take funds off people, by some silly reason like that person has not touched the coin in 10 years. is ripe for abuse, and should be treated as theft.

if people lose their key. thats their fault. no one should be able to have anyway to take coins off them for silly reasons.

if you want to offer any code that allows fund stealing. start with your own coins. let people take your coins off you because if have not moved them recently

no one should get free coins for doing nothing but hoping that other people want to hoard them long term

The benefit of lost Bitcoin to every holder is that the supply is reduced. If the supply is reduced, whatever that is left will become more in demand, therefore more valuable. Compare that with fiat, for example. The fiat supply is always increasing. The result is the reduction of its value.

Lost Bitcoins cannot be accessed anymore. So we cannot make anything out of them. They cannot be donated to Bitcoin holders either. They're just there stuck in the blockchain forever.

satoshi is a person from the future, he/she has even predicted in great detail that the missing coins will be a donation for everyone.  in the worst case scenario, the missing coin becomes the pillar of the bitcoin price even though everyone sells their own bitcoin.

I don't think so if one lost the Bitcoin, anyone will get it easily!? The person who had Bitcoins must aware his family or closed one that he has Bitcoins and have some access to use that. Most probably family or nearer one will help him/her to access the Bitcoin.

And in my thought it is impossible to access the bitcoins if it will be lost and it also can't be donated. It will be stucked in the Blockchain for lifetime.

I actually think that he somehow saves important quotes somewhere. I don't think he just remembers everything and then every time he has to quote, he has to search for the thread and then for the exact post to quote it.

Let's hope he comes here again and clears up the doubt.

Regarding what the OP says, not much more to add to Satoshi's quote, simply that it is a mathematical question of supply and demand. Today we still have large price swings but at a constant demand, if the supply is smaller the price is higher, there's no secret.

Destined to be burned I guess, without those lost bitcoins, the price won't trigger as it is right now because the amount that has been lost is also huge and could contribute to the price of bitcoins in the crypto market. Well, I feel bad for those people who weren't paying attention when sending their bitcoins to the wrong address but on the other hand, they just need to move on and forget about it cause it's part of the game where some will win and some will lose.

Don't be ridiculous, no one can remember every post on the forum, and those who know how to use the forum search option can easily find what they want. You don't need to improve your memory usage, you just need to learn how to use the forum.

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Pause for a moment before opening a new thread with a question that has been answered at least dozens of times. If something has a limited quantity, and if a part is lost over time, how it can affect the value of something that is in demand in the market? I don't know how old you are, but this is a question that some elementary school student would ask, not someone who has been a member of the forum for months.

Friendly advice, stop filling your head with nonsense from third-rate crypto portals like the one you cited as an example.

First, we assume that demand for bitcoin will either stay the same or increase. Second, we assume that the total supply of bitcoin will stay unchanged. Third, we assume that lost coins will never be recovered. Fourth, we assume that the law of supply and demand is the only economic force to govern prices on the market. Fifth, we assume that the law of supply and demand actually works. If all our assumptions are correct, then we can safely assume that any reduction in the supply of bitcoin, including lost coins, may lead to an increase in the price of bitcoin. And if you are familiar with the law of supply and demand, you can explain why the increase in the number of lost coins may serve as a donation to others holding their coins. If you are not familiar, then you will have a hard time understanding why bitcoin's price is moving at all.