Post
Topic
Board Economics
Re: Should we change the chart about the inflation of BTC because the lost bitcoins?
by
BitHodler
on 10/01/2019, 20:53:53 UTC
Actually there are nearly 10% lost, by different calculations. By small wallets like private holders losing their private keys for reasons like failed HDD and no backup to big fishes on different crypto-exchanges.
It's all speculation. Failing HDDs can still be sent to certain services in an attempt to recover the data. I own a failed HDD myself with a wallet.dat file on it containing a little under 0.1BTC that I can't access right now.

It doesn't mean the coins are lost, just that I can't access them right now. By the time the price has reached levels people can only dream about right now it might be worth to have it sent to a data recovery service.

I looked it up, and the cheapest service told me that it would cost at least €1000 and likely way beyond that depending on how much time they spend working on it. You can imagine that there is no point doing it right now....