Quote from: Despairo on August 10, 2023, 04:24:02 AM

The lost of customers' coins in Mt. Gox, FTX or any centralized exchanges aren't entirely lost. The coins can still be accessed and spend, the different is just the person who hold the coins. It's like you get hacked, the coins belong to hacker.

Bitcoin is lost from the circulation supply when no one own the private key or not able to access it anymore.

Some people use to store Bitcoin on a cold storage wallet and forget about it for a long time. You'd think the coins are "lost" because they are no longer circulating across the network. There's really no way to tell whenever Bitcoins are lost or dormant. Assuming they're all lost, market prices should be able to rise exponentially over the coming years. Think of it as added deflation.

What's important is that people do the right thing by securing their coins against hacks and/or theft. It's very unlikely to lose funds on a properly-secured Bitcoin wallet. Lost coins or not, Bitcoin will be here to stay for a very long time. Just my thoughts Grin