Redditor 56KbKid was doing everything right, he got into BTC in 2012, was HODLing with hands of steel. Lambos were on the horizon. Until then, one fateful day; he left his PC with Electrum open. A keylogger cleaned out his entire account. The worst part? He had just received his Ledger and could have easily prevented it by locking them in cold storage.
One redditor lost 384 Bitcoin due forgetting his password. He offered up 50BTC to anyone who could help him break into the wallet. This was 4 years ago, he must be going absolutely insane with BTC making its way towards 6k at the time of this post.
When I send even a fractional amount of BTC, I double check, and triple check the address. Well, this guy sent 800BTC to the incorrect address. One that was over a year old. Eight-Hundred. Let that sink in. It was sent to a Mt. Gox address back before the hack, so we hope he takes solace in the fact that they were soon lost completely anyway. :troll:
Ok, prepare yourselves. One man by the name of James Howells, accidentally tossed out a hard drive with.. 7,500BTC on it. Distraught, he raced to the local landfill to look for it. ( Feels ) Even asking a worker there to estimate where it might be in the football field sized pile of garbage. To which the answer was “About 4 feet deep”. USA Today covered the story ( link above ).
Probably the most infamous of our top 5. A man named Laszlo Hanyecz agreed to pay 10,000BTC if a guy could deliver him a pizza. Whether it was home made, or store bought. Original BitcoinTalk post is linked above. Well, he did; and now Laszlo is/was the proud owner of an 8 figure pie. Lets get serious for a moment, this was the first real-world bitcoin transaction ever recorded. Laszlo did quite a “bit” for the Bitcoin Ecosystem by completing this transaction, and we should all thank him.
What happens to the lost Bitcoin?
Well, it’s a bad day for the individual who loses the Bitcoin, but for the rest of the ecosystem its actually beneficial. Its simple economics, aka supply and demand. There were 21 million BTC created, and there will not be any more created in the future. So, when the roughly estimated 2 million bitcoin were removed from the supply through the stories above, and many subsequently lost private keys, USB sticks, etc. the demand therefore goes up. Increasing the price.
Do you have a lost BTC tale to tell?
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