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  • To an extent, the price takes into account missing coins / lost keys. Not perfectly, because who knows if a wallet that has been dormant for 10 years is lost or hodl?

    Saylor said recently that he planned to have his keys destroyed on his death, as his gift to every other coin holder by increasing the value of their coins proportionately.

  • Saylor said recently that he planned to have his keys destroyed on his death

    Depends on what they mean by "keys destroyed". Destroying what they think is the only copy of the private key or seed phrase does not irrevocably destroy the coins. But transferring the coins to an invalid address (where no corresponding private key can exist to be able to transfer them on) does "destroy" the coins.

    The current estimate is that ~18% of coins in circulation have been "lost" to various degrees. So it's possible to just knock off this percentage from the "market cap" for a less inaccurate measure.

    (I agree that the concept of a "market cap" is nebulous, but that doesn't stop it being used widely in the finance world even for normal stocks. Best not to fixate on it too much.)

  • Depends on what they mean by "keys destroyed".

    Probably safe to assume he knows how to do it!

    He might change his mind though, so saying he will do it is certainly not the same as it having been done

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