Forget the famous lost Bitcoins- it's the lost ETH at the bottom of the wallet making a giant pumping sound

Forget the famous lost Bitcoins- it's the lost ETH at the bottom of the wallet making a giant pumping sound

Hey youse Cryptofans we love ya.  Act like ya know three or four million of the  21 million bitcoins will be forever lost before the miners hit #21,000,000.   BUT IT"S THAT FIFTY CENTS  OF ETH STUCK IN EVERY @#($*&#(*#$ WALLET WE HAVE AND EVERY dapp EXCHANGE WE TOUCH that really hurts.  Cuz we love ETH, need ETH, have to have ETH and don't want to let it go please Vitalik you Canadian Russian bro give us more!!!


How much to give me back my fifty cents??? The local lost bitcoin story in the papers last year was an enterprising fellow had paper wallet printouts for 30-50 million euros worth of magic money he had been mining,  which he adroitly stashed in his fly fishing rod cases, god bless him.  An admirable move, unfortunately he left them at a rented house while he was incarcerated for unrelated activity and off to the dump they went.  Did anyone take the rods at least ? The authorities say they can see the bitcoins sitting there, waving and dancing....

Most of us will never lose wallets we mined last decade, though God knows we all wish fervently we had listened to the young, brilliant Taiwanese & Chinese coworkers who tried to tell us about them then.   Lost Bitcoins are the Gordian knot.  Maybe quantum computers can search for them someday, for now they are gone daddy gone, love has gone away... 

But the story of the lost fifty cents in ETH, now THAT has happened to ALL of us all OVER AND OVER.  Pay ETH to make a contract to enter a DAPP exchange.  Pay  50 cents of ETH gas money to send four bucks more of ETH gas money to use elsewhere.  



Here's my 40 cents sitting in Loopyland: at the end of paying ETH to buy ETH to send ETH to pay ETH I never ever could get this last 55 cents of ETH out of

ff9514c0bb616b30d0fc979209a4b23734931a9cb6d6e41a6077aaffffa1e3e4.png: swear we tried to use all the ETH to buy Loopies.  We tried paying gas fees of ETH to slop in extra ETH to try and slosh that last .003 ETH out.  Left it in despair on  Ya know how they say you should never leave your money on an exchange !! we went back later to try one last time in the clear cold light of day ?!?  I could see the old ETH sitting there on deposit with Loopring, can't be withdrawn, then POOF Loopring crashed and my forty cents was gone.   Maybe a smart contract gave it back, but I looked and couldn't see it.  I hope they bought Igor a beer.   

 that's a lot of ETH everytime we turn around. where does all the ETH go ?  off to generate more ETH as far as we can see.  Let's go to the graph gecko




Hmm it's that same initial great pump n dump, double stutter style.  But some signs of life on that tail end ?  look at that VOLUME build boys n girls.  The people gotta have ETH.   OK OK we talked about the positioning of ETH, EOS, Tron and aelf here . so we know Tron and ELF but lets look at EOS


Corporate needs to know the difference.  BUT THEY ARE THE SAME PICTURE oh no wait, not really.  Classic double pump n dump kickoff, followed by a fade. But the VOLUME story- organic growth in volume in ETH as ETH steals fifty cents from you each time you blink .  Looking at EOS, the volume looks ok at first, almost growthy.  Until you realize the graph of EOS  is a miniature  drawing of ETH, caused by the natural volume of EOS doing pretty much nothing whatsoever FOR GODS SAKE THEY MADE 4 BILLION IN THE ICO.  And have now lost two billion ish of that so who cares!  All that volume is just a sloshing DRAINING sound as the dream breaks slowly on the rocks. 

Wheras, that ETH looks like it could be strapping in to be the #2 Altcoin of the decade.  This is not financial advice unless we can hang our RR with your firm.  But we think the real money is in being a miner digging ETH out of the  sofa cushions to pay gas fees.  Or maybe try and HODL some ETH but that's like leaving potato chips in the house. 

Peace love and vitalik, Dave

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Dave Sawyer
Dave Sawyer

National Merit got this punk rocker to Oberlin, and Wall Street fintech gave up world tours and an NYU MBA. I am a Bitcoin true believer. Bitcoin is deeply revolutionary in a way we always prayed tech would be. Keep the baby Faith!

Hi, I am Dave, and I just got hooked on crypto !
Hi, I am Dave, and I just got hooked on crypto !

After decades motorcycling in NYC to work on Fintech and play punk rock, I just woke up to Cryptocurrencies and fell in love like never before! Blogging for the hell of it while learning my way through this awesome, deeply revolutionary evolution in money. Join us while we laugh and flip off the central banks and their currency debasing governments! Stack sats to the Moon, Lambo, don't reck, FUD, FOMO, wild wild west, bless Satoshi!

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