
Satoshi's Lost-Coin Quote Hits 16-Year Mark as Millions of BTC Are Deemed Lost
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. After replies from Laszlo Hanyecz and Gavin Andresen, Satoshi answered at 17:48:26 UTC with a line that still circulates today: “Lost coins only make everyone else’s coins worth slightly more. Think of it as a donation to everyone.” Satoshi’s lost-coins quote is less a prediction that bitcoin’s price would rise and more an observation that scarcity intensifies as coins disappear from circulation. Still, the premise ultimately relies on…
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