Well, it's like the natural burn experienced by such tokens, let alone bitcoin. We know that the bitcoin team no longer exists or is not shown. Now who's in control? yes I think those who go into it should be prepared to lose if they are careless about wallet keys.

You understand the reason they are considered lost is because the owners could have misplaced their login details or dead, so, If this could be done by any body be it the team or whoever that also means any other Bitcoin wallet could also be logged into and assets reallocated to other wallets  which shouldn't be the case unless you have the login details. 

AFAIK lost bitcoin actually contribute to bitcoins value addition as they are pulled out of circulation to avoid say inflation, and what remains people have to compete for and its price goes up.

If I can make reference to how the fiat system works, if a central bank is in a habit of printing money, what happens next is inflation and loss of buying power which is a similar thing that happens with btc except you can't printcreate new coins as the total supply is capped.

If you were able to recover lost coins because a private key is lost, it would be the end of Bitcoin because that means you could solve the one way encryption technology for a two way one. That'd be bad as you can imagine because that means someone could derive the private key from your public key.

Well they are gone forever and there is no way to recover them. Most of coins were abandon by their owners in early days of bitcoin when price was almost zero. Also if you lose key of your coin they are gone forever. Thats what decentralization is about, there is no central authority.

Satoshi nakamoto already answered this question more than 10 years ago...


And you can find that quote in a lot of sites right now... is one of the most famous quotes.

The only ones who will be sad about the lost coins would be the guys who lost them. But for the market is something good.

which is good because the circulation of coins is decreasing and it will make the coins rarer and the price will increase. We also know that the supply of bitcoin is only 21 million and if there are some people who lose the keys to their wallets with a large amount of BTC, it will certainly reduce the supply in circulation. The wallet cannot be opened by anyone and becomes the grave of the coin.

That should be negligence for losing BTC, you need to keep a private key safely and that is only way to gain access to BTC. Nobody will joke with this anymore when the price is skyrocketing and getting massive adoption.

Those coins remain usable to anyone who is able to obtain the private keys to that wallet. If they are not found ever, then the coins are considered as good as lost and nothing happens to them.

Yes. This in turn makes every bitcoin owner more and more cautious about the number of coins that they own and secure their own assets. Lost coins end up raising the value of the coins that other people own and that is why one must guard their coins with proper measures or end up like the people who talk in chatboxes about their old hard disks with password of lost wallets.