Linked Questions

0
votes
2answers
478 views

Losing bitcoins [duplicate]

Possible Duplicate: What could be the consequences of many bitcoins being lost out of circulation if people lose their wallets? So I am trying to comprehend this Bitcoins system so please bare ...
0
votes
4answers
375 views

Is there a mechanism to handle stale bitcoins? [duplicate]

Possible Duplicate: Why doesn't Bitcoin return lost coins back into the block reward? What could be the consequences of many bitcoins being lost out of circulation if people lose their wallets?...
0
votes
1answer
238 views

Accounting for currency destroyed in lost wallets? [duplicate]

Bitcoin will eventually be capped at 21,000,000 Bitcoins, but what happens to all the wallets that are lost? I'm sure thousands of BTC are already as good as destroyed. Even if there weren't millions ...
1
vote
2answers
175 views

If bitcoin have a 21 milion limit…what happens with the lost bitcoins? [duplicate]

After reach the 21 million limit, and every year there is some coins that are lost... won't this make the value of the bitcoin go up?
0
votes
1answer
95 views

Will the amount of “usable” Bitcoins eventually drop to zero? [duplicate]

Let's assume that there is a non-zero probability that people lose their bitcoins, e.g. by forgetting their password. The amount of bitcoins these people possess will become "unusable" but still ...
1
vote
2answers
56 views

Impact on Bitcoin value due to lost bitcoin wallets [duplicate]

My question is 2 part: 1. How does somebody know that a set of bitcoins is lost? Merely declaring that I've lost my private key and hence bitcoin makes the coins lost? 2. What impact(and why?) would ...
30
votes
6answers
3k views

Why doesn't Bitcoin return lost coins back into the block reward?

The idea of putting back lost Bitcoins back onto block rewards seems like a great idea. I acknowledge that there were quite a handful of early adopters who were generating blocks daily, but had no ...
6
votes
6answers
680 views

Will “all” bitcoins ultimately vanish? (be unusable)

During this CCC conference from 2011, starting from 00:18:55, the presenter suggests that as bitcoins can be lost (lost private key, dead owner, sending to an "eater" address that nobody posses, etc.),...
3
votes
2answers
2k views

How much bitcoin is 'lost', on average? [duplicate]

As the title of this question states, how much bitcoin is 'lost' (the private keys are not stored by any individual, and so will theoretically never be spent again)? I'd be looking for a percentage ...
3
votes
4answers
1k views

Does Bitcoin account for deleted bitcoins over time?

I'm sure that this question has been asked before, but I just can't seem to find it. If there is a limit of 21 million coins to be mined, then what happens if Bitcoin wallets get deleted? Will there ...
3
votes
1answer
2k views

How Many Bitcoins Are Missing? [duplicate]

Recently my HDD went, losing all of my data. I make backups frequently and luckily only lost 0.02BTC. I tried everything to recover them, but no luck. As I stated it was small amount that wasn't a ...
1
vote
0answers
53 views

The 21,000,000 BTC Limit Issue [duplicate]

I love the concept of Bitcoin, however I have noticed a few weaknesses to the system that not may folks talk about. One of the issues is the 21,000,000 limit. After "X" amount of time, a certain ...