I believe there are about 19 bitcoin million in circulation. Is there any estimate of how many are effectively “lost”. “Lost” as a result of: 1. the owner forgot they had them ( ie early adopters) 2. the owner forgot the password to access 3. the owner lost the device on which the bitcoin is stored (ie thumb drive, disk drive, etc) think of the person in the UK whose pc went to the landfill with millions$ in bitcoin on it. 4. Other circumstances I can’t think of.
As a follow on, as bitcoin is considered an asset are bitcoin which haven’t been accessed for an extended period, subject to abandoned property laws. IE
Escheat laws, or escheatment, are laws that allow a state to take ownership of unclaimed or abandoned property after a certain period, if the owner cannot be located or has not claimed it
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments