Quote from: BurtW on September 02, 2014, 09:14:18 PM

Quote from: PublicKey on September 02, 2014, 08:00:22 PM

Quote from: Wusolini on September 02, 2014, 02:36:07 PM

there shall be 21 000 000 bitcoins it total but will be less due to lost passwords etc. and last bitcoin will be mined around 2140

around 1% is lost 4ever :ooooo

How do you know this? Where did you get this number? Do you have a reference?

Well, technically the bitcoins are not gone, its just that noone can spend them.

Anyway there was a post about it[1] by DeathAndTaxes not so long ago. Those estimates are nowhere near 1%

Quote from: minerpumpkin on September 02, 2014, 09:19:33 PM

Interstingly, wasn't there a flaw discovered earlier this year that would cause the number of Bitcoins being created with each block to re-start at 50 BTC after all 21 million coins were put into circulation or something?

Yep, fixed though.

Quote from: shorena on September 02, 2014, 07:23:42 PM

-snip-
Somewhat related: I just found BIP42 [1] and the pull request [2] for it. Love it.

-snip-

[1] https://github.com/bitcoin/bips/blob/master/bip-0042.mediawiki
[2] https://github.com/bitcoin/bitcoin/pull/3842

Quote from: BurtW on September 02, 2014, 09:56:53 PM

Quote from: bitsmichel on September 02, 2014, 09:48:40 PM

Quote from: PublicKey on September 02, 2014, 08:00:22 PM

Quote from: Wusolini on September 02, 2014, 02:36:07 PM

there shall be 21 000 000 bitcoins it total but will be less due to lost passwords etc. and last bitcoin will be mined around 2140

around 1% is lost 4ever :ooooo

Lost coins can be seen as profit for all other bitcoiners because the bitcoins in circulation will be more scarce.

True, but where did the 1% number come from? Out of PublicKey's ass?

IMHO (see above why), yes! People tend to pull percentages out of their behinds all the time.

[1] https://bitcointalk.org/index.php?topic=675321.0