So, unless people intentionally sent coins to 1DontSentHereCoz1tsGone4Ever they cannot prove that they are telling the truth or don't have any backups.
Could someone please explain how this address works?
I imagine that it's just a btc address that is guaranteed some how that the private keys have been distroyed, but are the coins still sitting in that wallet/address and could anyone ever hack it to steal the coins?
i think it's a joke man, that address does not exist lol, but i guess someone could customize it with some tools
I guess it will lost forever. it can't effect bitcoin. We still have enough bitcoins.
it will but as a many believe, it will affect bitcoin exactly by the % of the coins that are lost nothing more or less, simple math
so if we lose 33% we might end with a 50% gain, if we lose 50% we might end with 100% gain and so on