Wasting BTC

[bentayebsalah 2280]

This is a major defect in cryptocurrencies, since it cannot be recovered, so this means that it can disappear with the passage of years, and the percentage of lost bitcoin will increase every year, and a solution to this problem must be found.

[Thekingcallme 1975]

8 hours ago, bentayebsalah said:

This is a major defect in cryptocurrencies, since it cannot be recovered, so this means that it can disappear with the passage of years, and the percentage of lost bitcoin will increase every year, and a solution to this problem must be found.

It is a defect that must be resolved, whether in recovering the cryptocurrencies or appointing one of the parents who can use the money in the event of the death of the original Bitcoin owner and a way to recover the lost bitcoin either to the person or the blockchain system so that the currency is not damaged and disappear

[el-Muhammady 718]

On 12/27/2019 at 2:23 AM, Benjamin said:

There are many ways that the btc will wasted like of being scammed, there are many people are getting scammed by just simply attracted to their flowery words, so we need to avoid it for yhe sake of our coins to no wasting it.

In these cases there is a prospect that the developer of the position know how to hold it. where for online wallets that exercise a private key you know how to drive without a least possible withdrawal and you can set a fee.

[Benjamin 84]

3 hours ago, profpank said:

Yes you're proper so numerous bitcoins are being wasted, however you're saying that numerous people are dying. Bitcoin in their wallets is additionally squandering absent, it isn't manageable to avoid the bitcoin that turned into out of place when the real people surpassed on, but in case the framework of analyzing would possibly spare a part of BTC.  Would pass

In this case, we need to have some people or our love ones how to used cryptocurrency to know how to used and get it properly to not wasted the hard work of this person to get this coins through crypto programs or platforms.

[Cryptominded 704]

On 12/23/2019 at 9:36 AM, heelsibat said:

The blockchain technology should invent nominee system for the bitcoin and other cryptocurrencies. If anyone dies then they can provide their cryptocurrency to their desired one.

Best if we take steps now to leave traces on how our next of kin can access our account in the event of passing on. I read sometime of a service that could forward account details to the appointed next of kin if the owner of account fail to log into their email, social accounts after a certain period of time!

 

As for those loose satoshi struck in exchanges, there's really not much anyone can do except to systematically reduce the amount in the course of using the exchange.

[Mehnil125 431]

Wasting the BTC mean a lot of earning lost because of it and also to be added that btc is needed to save and withdraw when in need. 

[shafi123 187]

I not know about this more and wasting ptocess done in bitcoin. Bitcoin wallet should be protcetd and sevure avoid from wasted. Btc rate and demand at high point reached in crypto world.

[Usman Abdulmumin 354]

On 12/23/2019 at 4:12 AM, rjroshan said:

Always problems are coming and going this happening like a circle in our life. I'm thinking about BTC wasting all over the world. Bitcoin is very valuable to commercial society for many reasons. What we can do stop bitcoin wasting ...

Imagine most of the time our bitcoin wallet remains 0 - 20,000 Satoshi and we cant used them to withdraw because of minimum threshold. For example, let's get 1000,000 accounts which only 1,000 satoshis left their accounts. 
Total wasting BTC amount is 1000,000*1000= 10 BTC
This wasting amount of bitcoin more than those numbers for the whole world.
On the other hand thousands of people dying every single minute around the world. What happens to their online wallet. We all know about the security of online wallet and can,t access that account easily and who knows those wallet's strong password, back up keys, 2-factor verification and security question after they died.

Agreed with you if we all do this we can help bitcoin and also wasting money will be reduced this is a good decision and useful to take or make.

[babaji 1228]

I don't think any of those btc will be wasted, its only a matter of price. If and when satoshi reaches 1$, all those remaining btc can be withdrawn. Since there is a fees associated with withdrawal, hence it is only a temporary problem, and when btc reaches a very high price, which it definitely will.

[BTC Future 3946]

On 12/23/2019 at 5:12 AM, rjroshan said:

Always problems are coming and going this happening like a circle in our life. I'm thinking about BTC wasting all over the world. Bitcoin is very valuable to commercial society for many reasons. What we can do stop bitcoin wasting ...

Imagine most of the time our bitcoin wallet remains 0 - 20,000 Satoshi and we cant used them to withdraw because of minimum threshold. For example, let's get 1000,000 accounts which only 1,000 satoshis left their accounts. 

This problem is solved in Binance since they have an option to convert the really low amounts of coins that you have left into BNB. You can even choose which ones you want to convert. I think that the rest exchanges should implement something similar as well.

[Ahmeddominik 126]

22 hours ago, BTC Future said:

This problem is solved in Binance since they have an option to convert the really low amounts of coins that you have left into BNB. You can even choose which ones you want to convert. I think that the rest exchanges should implement something similar as well.

Yes, however it allows you to exchange small values for BNB

[Robot 93]

We know that bitcoin is very popular crypto currency. Bitcoin had great market value at this time. For this reason we need don't waste bitcoin

[Fleur de Bleau 168]

Wasting bitcoin?  We are not wasting bitcoin those centralize are platform are the reason why our bitcoin remains in the wallet because of thier huge amount of mimum wirhdrawal and also the fee. 

 

And my suggestion is don't use all of them if we don't want to waste our bitcoins. 

[BiplopX 4]

The point that you highlight about Bitcoin wasting is actually happening, so the Bitcoin dissipation is having an impact on the market.

[Sohel Rana 406]

On 12/23/2019 at 9:12 AM, rjroshan said:

Always problems are coming and going this happening like a circle in our life. I'm thinking about BTC wasting all over the world. Bitcoin is very valuable to commercial society for many reasons. What we can do stop bitcoin wasting ...

Imagine most of the time our bitcoin wallet remains 0 - 20,000 Satoshi and we cant used them to withdraw because of minimum threshold. For example, let's get 1000,000 accounts which only 1,000 satoshis left their accounts. 
Total wasting BTC amount is 1000,000*1000= 10 BTC
This wasting amount of bitcoin more than those numbers for the whole world.
On the other hand thousands of people dying every single minute around the world. What happens to their online wallet. We all know about the security of online wallet and can,t access that account easily and who knows those wallet's strong password, back up keys, 2-factor verification and security question after they died.

Since 2012 when bitcoin price too much low and maximum people’s don’t know about bitcoin some people’s store bitcoin but after few years later when bitcoin price ups and some peoples foget his private key. I think this loss are huge rater then  minimum amount satoshi waste. In future when bitcoin price more pumping then many people’s use this less number of amount.                 

[guatazoo 7150]

Bitcoin snever real lost from circulation, no matter what happen or how many private keys you lost.

[Sasaki 171]

Btc is not wasting, even if there's a lot of loss in it, it's all natural to happen, well we didn't know if will become big in the future. 

[thiscomm 306]

maybe this is a major problem that needs to be considered by bitcoin developers and bitcoin wallets. a new policy needs to be carried out to return BTC coins stored in a dead wallet. maybe the developer can provide a rule if the wallet is dead for two years then automatically the saved coins will be returned to the market for resale.

[Syedbesharat 5423]

On 12/23/2019 at 8:12 AM, rjroshan said:

Always problems are coming and going this happening like a circle in our life. I'm thinking about BTC wasting all over the world. Bitcoin is very valuable to commercial society for many reasons. What we can do stop bitcoin wasting ...

Imagine most of the time our bitcoin wallet remains 0 - 20,000 Satoshi and we cant used them to withdraw because of minimum threshold. For example, let's get 1000,000 accounts which only 1,000 satoshis left their accounts. 
Total wasting BTC amount is 1000,000*1000= 10 BTC
This wasting amount of bitcoin more than those numbers for the whole world.
On the other hand thousands of people dying every single minute around the world. What happens to their online wallet. We all know about the security of online wallet and can,t access that account easily and who knows those wallet's strong password, back up keys, 2-factor verification and security question after they died.

You are right these many satoshi's are wasting in account they have to make some policy for them .They need to make people to access their account after 6 months one time so people can't forget their passwords and BTC movement doesn't stop.Those who have died their account must be taken by BTC company and send their assets to loved ones after completing investigations .They can cut their fees and make people life happy.

[Popedee 377]

On 12/23/2019 at 4:12 AM, rjroshan said:

Imagine most of the time our bitcoin wallet remains 0 - 20,000 Satoshi and we cant used them to withdraw because of minimum threshold. For example, let's get 1000,000 accounts which only 1,000 satoshis left their accounts. 
Total wasting BTC amount is 1000,000*1000= 10 BTC

I'm looking forward to a time when transaction will be based on the amount you are sending and not on a fixed rate. Again with the rise of lightning network making micro payments in Bitcoin possible, I'm sure all these residual 1000 Satoshi in accounts will be spent

[Tasrif Hossain 271]

At present, digital is called this Bitcoin, but of course you need to know about it first. If you want to get a good output or result from investing in you, then you will not really know where you areIf you do not have the knowledge of how to invest and how to get out of it then you will actually have the opportunity by investing in it

[amara123123 76]

This is important for us why we not used our minimum btc amount try to used it when trade them used your btc all balance but any how some satoshi are remaining in our account so much waste for btc in huge amount because btc used all over the world  .

[Muskan7816 175]

Bitcoin was wasted a lot because of this decline two days ago.  I think the authorities will raise the price because it is becoming so popular that people will fall short of it

[Whited35 15285]

Whenever I make transactions on different exchange sites there will be certain leftover of BTC. Some exchange does not support the very small fraction of BTC.Some BTC fractions are reserved by the system while performing the transactions. Hope it will get solved soon. 

[Fadimah 191]

Wow I have never ever had imagined this the way you analysed it. You're actually right that's 10 BTC can be used for a very good purpose. Most of these online wallets don't allow a minimum of certain amount withdrawal and when all those amounts are combined together from different accounts it will really be a very huge amount of BTC.