I think a good chunk has definitely been lost, but that cuts the other way — that increases the value of the existing coins. The entropy isn’t number of coins, it’s in value. The fiat system is bleeding value via inflation. But while bitcoin has tightly scheduled (very slow) inflation until 2140, (a) inflation provides a service (securing the network); and (b) lost coins are deflationary, making the existing holdings even more valuable.
Half of this misses me, but what about the inevitable bleed of Bitcoin due to lost keys? Seems inevitable to me that as more people use it loss rate will increase.
Is this article saying 10-25% lost already something you give credence to? https://www.cryptovantage.com/news/ask-cryptovantage-how-much-bitcoin-has-been-lost-forever/
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