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coinmaster222 (OP)
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November 02, 2014, 07:02:57 PM |
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We know roughly how many btc have been mined,but anyone any rough idea or guess how many have been lost in cyber space or old wallets with a tiny amount in them abandoned never to see the light of day again.
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g27wr
Full Member
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Activity: 221
Merit: 100
I like guns.
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November 02, 2014, 07:21:37 PM |
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There is no way to tell. Likely 10's of thousands, if not 100's of thousands.
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coinmaster222 (OP)
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November 02, 2014, 07:27:10 PM |
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I actually believe it could be up to 10% most from the old days when btc was worth just a few dollars
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gentlemand
Legendary
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Activity: 2590
Merit: 3013
Welt Am Draht
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November 02, 2014, 07:28:21 PM |
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Far more than most suspect is my guess.
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pissedoff
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November 02, 2014, 07:33:03 PM |
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There is a thread on here which is adding up all the known losses but only known losses in reality there is much more that have been lost.
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Flashman
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November 02, 2014, 07:35:05 PM |
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Last year, me and some buddies were doing a count up of pre-2013 "derp I lost my coins" stories and came to the conclusion that there's somewhere around a million known lost.
Also, it's still not entirely clear at present whether the bulk of the MtGox coins have actually been stolen, or whether their systems were so screwed up that they managed to transfer them to wallets they didn't permanently and safely record the keys for, so have been rendered inaccessible.
Add to that the sum of minor attritions and abandonment of small amounts, and we would have a guesstimate of somewhere around 2 million BTC that are unlikely to change hands again.
I say unlikely rather than, "never, no way, no how" because there might be some few cases where super spendy forensic recovery techniques become practicable, when aggregate coin value seems to make it worthwhile trying.
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JeffDeChesare
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November 02, 2014, 07:37:40 PM |
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I have seen people posting old satoshi wallets with 50+ coins in it for more than 3years untouched i believe the count is far more than we think.
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JeffDeChesare
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November 02, 2014, 07:47:02 PM |
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 if is the case if we can find the private key nothing never will be lost lol
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pissedoff
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November 02, 2014, 07:49:18 PM |
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Close to impossible of finding that key unless you live forever no way of cracking that. |
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Some1else0
Member
Offline
Activity: 111
Merit: 10
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November 02, 2014, 08:45:42 PM |
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I'd say a little over a million are currently lost and irrecoverable.
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wunkbone
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November 03, 2014, 12:12:57 AM |
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There is no way to tell. Likely 10's of thousands, if not 100's of thousands.
This is the only correct answer. It is very difficult to prove that a private key was actually lost as you would need to take someone's word for this fact, which is generally not something that is acceptable to do in the bitcoin community |
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headswim
Newbie
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Activity: 15
Merit: 0
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November 03, 2014, 01:02:26 AM |
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In addition to the anecdotal evidence of people losing their wallets, we know that about 2000 BTC were burned during the Counterparty proof of burn. It's possible that similar processes could increase the number of "lost" bitcoin.
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Mieehayii
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November 03, 2014, 01:34:10 AM |
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The number of bitcoins disappear forever is not much, relative to the total amount of speaking
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green king
Newbie
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Activity: 28
Merit: 0
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November 03, 2014, 02:31:21 AM |
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I'd say a little over a million are currently lost and irrecoverable.
I wonder how can it be disappeared and how to count the lost coins? |
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theskillzdatklls
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November 03, 2014, 05:38:25 AM |
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1m+ seems like a good place to start. gives btc an artificially high looking market cap.
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Q7
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November 03, 2014, 12:15:10 PM |
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Unfortunately there is no way to find out. A wallet that remains inactive is not an indication that it is no longer used
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1Referee
Legendary
Offline
Activity: 2170
Merit: 1427
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November 03, 2014, 01:27:37 PM |
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I think 5% of all Bitcoins in existence are "lost" due to deleted wallets, lost passwords,etc. Coins that haven't been touched in years doesn't necessarily mean that they are "lost" or forgotten. Some guys keep their coins untouched for a reason  |
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Sheldor333
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November 03, 2014, 01:32:10 PM |
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There is a thread on here which is adding up all the known losses but only known losses in reality there is much more that have been lost.
Is there a link to this thread. It would nice to see it. I haven't run into it so far. |
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gentlemand
Legendary
Offline
Activity: 2590
Merit: 3013
Welt Am Draht
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November 03, 2014, 02:28:56 PM |
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There is a thread on here which is adding up all the known losses but only known losses in reality there is much more that have been lost.
Is there a link to this thread. It would nice to see it. I haven't run into it so far. |
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