Post
Topic
Board Bitcoin Discussion
Re: Is bitcoin lost forever
by
OgNasty
on 28/01/2023, 18:35:14 UTC
If bitcoin was created in such a way that it could never be hacked does it mean most of the btc is lost forever cause from my research i found that 50% of btc have been lost and can never be recovered isn't that a scary prosect that majority of the btc goes untouched maybe for like a thousand years till maybe future generations finally access it but by then it would be worthless so in truth only a very few get to benefit from it just like most things that have value in this world.

As others have reacted, I don't think 50% of BTC has been lost forever.  Your thoughts about BTC being lost forever are right, but I think that the actual percentage of lost coins is probably closer to 20% or maybe even as high as 30%.  Who knows, maybe someday it will get as high as 50%, there's certainly nothing recovering these lost coins and I'm certain more and more are lost daily.  So I guess the takeaway from this is that you should try your best to make sure that your coins are safe and keys are backed up so that in the event something crazy happens, your coins don't become lost and add to the pile.