Roughly 4 million Bitcoins lost forever

in #bitcoin5 years ago

The supply is even smaller than we think

Everyone talks about having only 21 million bitcoins, but we also have to remember the ones that are lost.

According to Chainalysis there are roughly 4 million lost:

(Source: ~~~ embed:1188828888270594048) twitter metadata:cmVhbFNhdG9zaGlffHxodHRwczovL3R3aXR0ZXIuY29tL3JlYWxTYXRvc2hpXy9zdGF0dXMvMTE4ODgyODg4ODI3MDU5NDA0OCl8 ~~~

Not much supply out there should there ever be a massive rush of demand.

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Lost BTC is similar to lost silver. Once these precious assets are gone, they are gone forever.

what how do u loose silver? bruh, thermodynamics, i mean unless ur sending silver thru a black hole or like converting teh atmos to energy in an atomic blast lool

speaking fo space we have some asteroids worth quadrillions now ike pysche, and theyd crash the goldmarkets and rightly so im all for the crashing of godl and silver marekts fuck it why shoudl we have any materiual scarcity? im all for solid gold smartphones imaginbe the reception dude we canprint cpus directly on godl we can be ike teh sovregn from mrvel niverse solid gold assholes

i do know that silver is used up in cruise missiles guidance system,s like pounds and poun sof it per missile :D but it still gets dusted into the ground and like, u could mine it back its in no way lost lol.

asteroids look just like nugs @coffee.budz @richardcrill