ChainCatcher reported that on this day in history, Satoshi Nakamoto responded 16 years ago to a community question about lost Bitcoin, saying that lost coins only make everyone else’s coins worth slightly more and can be viewed as a donation to all holders.
ChainCatcher reported that, on this day in history, Satoshi Nakamoto responded 16 years ago to a question raised by a community user about how to deal with lost Bitcoin. In that response, Satoshi said that lost Bitcoin would only make everyone else’s Bitcoin worth slightly more.
The statement was framed as a concise explanation of the effect of coins that can no longer be accessed or used. Satoshi’s quoted wording was: “Lost coins only make everyone else's coins worth slightly more. Think of it as a donation to everyone.”
The remark focused specifically on the issue of lost Bitcoin and described such coins as a kind of donation to all holders. ChainCatcher presented the comment as a historical note under its “on this day in history” coverage.
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