On This Day in History: Satoshi Nakamoto Responded 16 Years Ago That Lost Bitcoins Were “A Donation to All Holders”

TechFlow News, June 21: On this day in history, 16 years ago, Satoshi Nakamoto responded to a community user’s question about how to address the issue of lost Bitcoin, stating: “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 Wyoming-registered company are attempting to persuade a New York court to rule that the Bitcoin (and many other cryptocurrencies) belonging to Bitcoin’s creator, Satoshi Nakamoto, constitute “lost property.” This effort could have profound implications for the legal definition of self-custodied Bitcoin assets and reignite the long-standing debate over whether “dormant addresses” equate to unclaimed assets.