4 ms·
744,000 MtGox 2014 400,000 MtGox 2011 154,000 MyBitcoin 2011 43,000 Bitcoinica 2012 1,000,000 Satoshi early mining estimate --------- 2,341,0
by danbruc 13y ago
744,000 MtGox 2014
400,000 MtGox 2011
154,000 MyBitcoin 2011
43,000 Bitcoinica 2012
1,000,000 Satoshi early mining estimate
---------
2,341,000 ~20 % of all bitcoins in circulation (12,400,000)
Assuming no overlap at least around 20 % of all bitcoins are not in circulation or stolen. Just throw away the block chain, start over and make less mistakes the second time. This would at least make the thieves unhappy, too. ^^
- zanny 13y agoThis is why I'm not putting my money into any other crytocoin, even if something like peercoin is better than btc in every way. It just has momentum you can't just say "ah well, we done fucked, reboot time". The money is in bitcoin and it isn't going anywhere, at least not yet. Also, we have already endured those early losses.
- shawabawa3 13y agoNot sure what not in circulation has to do with anything - it just increases the value of all other bitcoins, it isn't a problem. Also, this isn't how many bitcoins are stolen, this is how many have been stolen at some point. How many dollars have at some point been stolen? Quite a lot I bet
- danbruc 13y agoThat is why I said "assuming no overlap". The number I wanted to estimate is the number of bitcoins (currently) not in use or in illegitimate possession; the number of bitcoins that would not hurt anybody or hurt the right people if one would abandon the current block chain. Satoshi not caring to lose one million bitcoins is of course a wild guess. And don't take the whole thing to serious because it makes a lot of not necessarily justifiable assumptions, for example that the thieves did not already cash out their booty.