16 Years After Satoshi's Lost Bitcoin Quote, 3.1 Million BTC Remain Permanently Inaccessible
By
Jamie Redman
18h ago· 6 min readenNews
Summary
On the 16th anniversary of Satoshi Nakamoto's famous "lost coins" quote from a 2010 Bitcointalk thread, this article examines the phenomenon of permanently lost Bitcoin. Satoshi's remark that lost coins are "a donation to everyone" is revisited as data suggests approximately 3.1 million BTC (worth billions) are permanently inaccessible due to forgotten wallets, lost private keys, and other mishaps. The article explores whether this figure is provable and discusses the implications for Bitcoin's circulating supply and value.
Source
bsky16 Years After Satoshi's Lost Bitcoin Quote, 3.1 Million BTC Remain Permanently Inaccessiblenews.bitcoin.comKey quotes
· 3 pulledLost coins only make everyone else's coins worth slightly more. Think of it as a donation to everyone.
The discussion happened 16 years ago today, on June 21, 2010, in a Bitcointalk thread called 'Dying bitcoins.'
A user had asked whether forgotten wallets meant the network would shrink over time.
Satoshi's 2010 lost bitcoin remark turns 16 as data pegs permanently lost bitcoin near 3.1 million BTC. But is that figure provable?
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