Quote from: CryptoHeadlineNews on May 11, 2024, 07:57:19 PM

According to speculation, we are made to believe that Satoshi owns over 1 million Bitcoin, whereas according to the real time value of the total circulating supply of BTC at the time of writing this post is said to be 19,696,950 BTC, which means if we are to subtract Satoshi's acclaimed 1 million BTC, what will be left for both lost+unlost BTC currently in circulation will be 18,696,950 BTC.

I actually can across this speculation and wanted to use it in the post, but I thought it would be too contradicting as I don't have enough evidence to back it up. It's really good that you pointed this out.

You are totally right from your calculations. Assuming we are to subtract the speculated 1 million Bitcoin owned by Satoshi, then that's literally a significant amount of subtraction.

Quote from: 0t3p0t on Today at 03:38:09 PM

1. Not all but majority of those long inactive wallets are gone forever for some reason.
2. Nah, if ever those dormant wallets will remain untouched or even moved then it is considered as burned Bitcoins that might help the scarcity of it.
3. Yes of course no doubt about that.
4. I personally have no idea on this but maybe it's more or less 15M Bitcoins.

I agree with the 15M value as I perceive that Bitcoin loss would keep happening even after halving. But that would be a reckless action from anyone who does that in the future when Bitcoin price is already above $200K.

Quote from: kryptqnick on Today at 01:54:42 PM

Op is correct that it's hard to evaluate the number of lost coins, since we don't know why some wallets are inactive. I think of them as just inactive, and I don't view them as lost forever.
As for Satoshi's coins, we shouldn't focus on someone else's money.
Bitcoin is scarce by design, which will drive its price up if more and more people want to get some of it. But, thankfully, each Bitcoin is divisible into 100 million satoshis, so we can actually just refer to satoshis rather than bitcoins in the future if the price becomes that high and satoshis become a more relevant indicator of prices. So the issue is not as serious as it might seem at first glance, even if a significant part of coins is lost.

Very correct. Evaluating the number of lost coins can be very difficult, and it would be also wrong to think that all inactive wallets that holds Bitcoin are long lost. Recently, a long inactive wallet just made a transaction, which means it is certain that others might still safe.

Quote from: Rruchi man on May 11, 2024, 10:26:05 PM

Quote from: Felicity_Tide on May 11, 2024, 04:06:47 PM

do you think lost Bitcoin can cause Bitcoin scarcity in the future?

The halving and loss of bitcoins are almost similar.

The two of them just finds a way to trigger scarcity