The Lost Bitcoins and the Satoshi Coins
It’s 2018, the crypto market is going through the roof, Bitcoin’s price still enjoys a huge volatility, and yet, we still don’t know who Satoshi Nakamoto, the legendary creator of the “people’s currency”, is. However, there may be even more interesting things to consider other than the identity of Nakamoto.
By the year of 2040, all bitcoins should be mined. The 21 million coins will be mined by then, and the supply of Bitcoins will be over. It is interesting, however, to analyze the current state of the coins, their number, and possible, the so-called “Satoshi Secret” connected with the lost bitcoins over time.
Right now, it is estimated that around 4 million Bitcoins are lost forever. In 2017, Chainalysis, a digital forensics firm that studies the bitcoin blockchain, reported the lost amount by November, 2017 was 3.8 million lost coins. Below is the representative findings of Chainalysis, as shown by Zero Hedge and reporter Tyler Durden.