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Change In Total Number Of 'Lost' Bitcoins, By Wallet Size
393 sats \ 11 comments \ @0xbitcoiner 4 May bitcoin
The following chart clearly illustrates that wallets that were thought to be lost are being reactivated. This raises questions about the estimates that have been made in recent years.
https://m.stacker.news/29519
Old Bitcoin wallets keep waking up: How many of the 1.8 million ‘lost’ coins are really gone? On April 15, a long-dormant Bitcoin wallet stirred to life for the first time in nearly 14 years. The wallet owner sent $50 million in Bitcoin to Coinbase, notching a profit of over $3 million on coins that used to be worth less than a penny each. The transaction was unusual but hardly unique. Nearly every week, a wallet from Bitcoin’s early days “wakes up,” raising the question of how many more coins presumed lost could return to circulation. Now, a new survey from Fortune and Chainalysis provides some insight. 🔗 fortune.com
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1 sat \ 8 replies \ @Satosora 5 May
I dont think it is bad that old wallets wake up. For sure everything is not going to wake up. Remember that guy who landfilled his btc? lol
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11 sats \ 7 replies \ @0xbitcoiner OP 5 May
It's slipped my mind
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26 sats \ 6 replies \ @1GLENCoop 5 May
James Howells threw away 8000 bitcoins. Today those 8000 bitcoins would be worth over 500 million dollars.
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1 sat \ 1 reply \ @0xbitcoiner OP 5 May
I vaguely recall hearing this story before. I think it would give me lifelong depression. F***
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10 sats \ 0 replies \ @1GLENCoop 5 May
I'm not sure which is worse; having accidentally thrown them away, or having actually had that many one time but spent them all on stupid crap and/or lost them all gambling. At least if you threw them away, there is still a slight hope that someday they will be found. If you gambled them all away, they're truly gone forever.
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1 sat \ 3 replies \ @Satosora 5 May
Everytime btc prices rise, the news checks in with him lol
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0 sats \ 2 replies \ @1GLENCoop 5 May
omfg. that poor bastard.
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11 sats \ 1 reply \ @Satosora 5 May
His story is just the most public. I am sure many others have lost theirs and arent whining like a baby.
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0 sats \ 0 replies \ @1GLENCoop 5 May
no doubt
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0 sats \ 0 replies \ @xz 5 May
Yeah, this is what I suspected. It always was a speculative assumption.
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0 sats \ 0 replies \ @Coinsreporter 5 May
I don't think that every lost wallet will wake up. Yes, there are and will be a few of those whose father or grandpa has written in his will the private key ... And the greedy young generation finds them and divide among them without following other instructions.
The soul of the Dead Man curses from the above!!!
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