Post
Topic
Board Beginners & Help
Re: how many bitcoins will there be ?
by
Nagato4
on 03/09/2014, 00:31:18 UTC
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%

True.
The estimate made by D&T (~2745 btc) is the number of bitcoin that can never be redeemed.

On the other hand, when we use the word "gone", we usually include the coin burnt for altcoin, coin lost due to losing the wallet file or long passphrase, etc. Some even consider satoshi's bitcoin "gone", believing that he will never come back to spend it.