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BTC Supply | What about unrecoverable coins? 🤨
30 sats \ 3 comments \ @satoshiplanet 9 Nov 2023 bitcoin
We all know they will not exceed 21M and will always remain in the blockchain, but the fact is many bitcoiners have lost our keys at some point, and many others will lose them in the future.
I think it's impossible to know, maybe any tool can estimate such amount, but I can't think any parameter, just wallets in disuse, but how to differentiate it from a holder?
Anyway, for me a mystery impossible to solve, could you decipher it and give me some answers?
Thanks for reading, sat âš¡
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0 sats \ 1 reply \ @0xbitcoiner 9 Nov 2023
As for bitcoins lost forever, I think they're a gift to all hodlers.
I also find it difficult to estimate this.
One of the most well-known estimates was made by the blockchain analysis firm Chainalysis. In 2022, Chainalysis estimated that about 20% of all bitcoins ever created, or about 3.7 million bitcoins, were lost forever. This estimate was based on an analysis of bitcoin transactions that had not been moved in over five years.
Another estimate was made by the blockchain analysis firm Glassnode. In 2023, Glassnode estimated that about 21% of all bitcoins ever created, or about 4 million bitcoins, were lost forever. This estimate was based on an analysis of bitcoin transactions that were sent to addresses that are no longer active.
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0 sats \ 0 replies \ @satoshiplanet OP 9 Nov 2023
Great info, thanks for sharing mate
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0 sats \ 0 replies \ @brandonsbytes 9 Nov 2023
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