Truth in Crypto

Author: Unchained Capital

Bitcoin Data Science (Pt. 2): The Geology of Lost Coins

Headshot

Unchained Capital

• Categories:

There are many stories of people losing BTC in large amounts – especially in the early days – when BTC wasn’t worth much, and was easily forgotten on an old hard-drive, USB memory stick, even a scrap of paper. Is it possible to quantify how much BTC is really lost? Blockchains track their internal data forever, and […]

Read More

Bitcoin Data Science (Pt. 1): HODL Waves

Headshot

Unchained Capital

Bitcoin uses a curious accounting structure called a UTXO — an Unspent Transaction Output. All UTXOs are timestamped by the transaction/block in which they were created. Since all bitcoin in existence is contained in some UTXO, this means that all bitcoins have an age: not the age/time when that bitcoin was first mined, but when it was last used in a transaction. Since […]

Read More