Post
Topic
Board Bitcoin Discussion
Re: Lost Bitcoin and possible future scarcity
by
serjent05
on 11/05/2024, 21:40:32 UTC


Quote
  • Do you think all dormant wallet (long inactive wallets) are gone forever?

No, there are instances that wallets that were inactive for more than 10 years suddenly become active just like what is written on this link: https://www.binance.com/en/square/post/7744610888034.

Another thing, just like earlier stated, we have no way of determining whether an idle wallet is just dormant or it was already a lost wallet

Quote
  • As we are not certain of Satoshi's return, should we be bothered about his dormant wallets?

I don't since I respect the right of a person over his property, I do not know about you though...

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

Obviously, simply by knowing the law of supply and demand, once the supply is cut there is always a scarcity in the market especially when the demand keeps on pouring in.


Quote
  • From a total of 21million total supply, can you attempt a prediction guess of the total number of Bitcoin that would be in active wallets after all Bitcoin has been mined?

It is easy to predict, let alone attempt since we can just utter some random numbers and the prediction is done.  Take note, predictions do not need to be precise and correct so anyone can predict any numbers and not have to worry if they will realize or not.  But if you are talking about precisely predict or estimate the number then by all means it is a no.