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On this day in history: Satoshi Nakamoto responded 16 years ago that losing Bitcoin was “a donation to all holders”
Deep Tide TechFlow news. On June 21, on this day in history, 16 years ago Satoshi Nakamoto responded to community users asking how to resolve the problem of lost Bitcoin, saying: “Lost coins only make everyone else's coins worth slightly more. Think of it as a donation to everyone.”
Recently, an anonymous individual and their company registered in Wyoming have been trying to persuade a New York court to rule that Bitcoin—belonging to Bitcoin’s creator Satoshi Nakamoto (as well as many other cryptocurrencies)—is lost property, which could have far-reaching implications for the legal definition of self-custodied Bitcoin assets, and has sparked a long-running debate about whether “dormant addresses are the equivalent of unclaimed assets.”