In 2017 a study estimated 4 million Bitcoin had been lost at that point. So I would guess at least 4-4.5 million BSV are lost.
Post by twetch#16592
I think the main difference between BSV and BTC will be that BSV will be used so much that demand for it will be high (making it scarce) and BTC will be hoarded and not used at all (making it scarce). Both scenarios create scarcity.
What the chain says
- Block
- 622 288
- Time
- 2020-02-16T06:23:06Z
- Signer
- 16Wa4DdaWeTWJtfWomHZHRXwGE1wLfH34U
- App
- twetch
- Type
- post
- Content type
- text/plain
- Name in tx
- twetch#16592
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
Signed by
16Wa4DdaWeTWJtfWomHZHRXwGE1wLfH34U VerifiedReplies (4)
No one will horde BTC. It will cease to exist ,when the mining profitability of BSV kills it.
Well, if people aren’t able to sell it then they will be forced to hold it. 😂 I totally see what you mean though. Could you imagine seeing BSV flip BTC? That would be such an iconic moment.
I can't wait personally. Hopefully not to many people get completely wrecked.
People who are holding BTC in longterm storage will get hit the hardest because other people will be able to dump before them. I am curious how high in value BTC rises before it gets overthrown.