Post
Topic
Board Economics
Re: Milion of BTC lost and Milion BTC in hand of few people. A danger?
by
n2004al
on 24/11/2015, 09:47:00 UTC
I was wondering if this two factors:

- Milion of BTC lost by banks (like MT GOX) or by distracted people
- Milion of BTC in hand of few people (like Satoshi) than now have in their hand more than 200 milion of $

Can damage the BTC economy? Shouldn't this 2 factors increase the BTC value more and more?

Must want to comment even something else. Which is as a conclusion of the various data read at internet. Firstly are not millions the bitcoins lost at Mt Gox. Maybe are 1 million or maximum a few more than 1 million, and to tell millions of bitcoins lost for this kind of amounts seems very exaggerated. As for the second case it is again totally wrong. The data read by me (see Wikipedia for more) show that the amount of bitcoin owned by Satoshi Nakamoto are only 1 million. According to Wikipedia: "The public bitcoin transaction log shows that Nakamoto's known wallets contain roughly one million bitcoins." So again it is without sense to tell millions of bitcoins when one credible source give as amount owned by him the above amount told by me.

So must be much more few the bitcoins that are not in market.