6 ms·

which means it could be even worse.

• bufferoverflow 4y ago
  It's probably not. Exchange hot and cold wallets hold insane amounts, but most of that money doesn't belong to them, it's their clients'.
• dosenbrot 4y ago
  Or maybe better. In the first days of bitcoin nobody cared about a lost key. A few thousand bitcoin on an account nobody has access to? These bitcoin shouldn’t count, but it’s hard to count them. Maybe declare all bitcoins that didn’t move since eight years as lost?
  • randomhodler84 4y ago
    And this is a stupid metric too. I have utxos that old that will be unspent for another 5y+ I don’t care about Bcash and other worthless forks and I could tell it was an attack to unmask old utxos.
• drexlspivey 4y ago
  Coinbase cold storage holds billions of dollars for millions of people. Do you understand how bad this metric is now?
  • ShamelessC 4y ago
    https://fortune.com/2022/05/11/coinbase-bankruptcy-crypto-assets-safe-private-key-earnings-stock/ https://fortune.com/2022/05/11/coinbase-bankruptcy-crypto-as...
  • joshcryer 4y ago
    Not your keys, not your coins.
  • jazzyjackson 4y ago
    Is there a benefit to consolidating all those coins into bulk wallets? Why not have an address associated with each user?
    • drexlspivey 4y ago
      Yes consolidating outputs significantly reduces transaction fees
  • manquer 4y ago
    The study excluded all the exchange wallets [1], that makes the metric if anything more conservative than it is actually. [1] https://www.nber.org/system/files/working_papers/w29396/w29396.pdf https://www.nber.org/system/files/working_papers/w29396/w293...
• tshaddox 4y ago
  Or less worse.