4 ms·
> The only issue I can't resolve is the deflationary impact of hodling since there will only by 21 million coins. It's even worse than that, since people will
by username223 9y ago
> The only issue I can't resolve is the deflationary impact of hodling since there will only by 21 million coins.
It's even worse than that, since people will continue to lose bitcoins. They've already lost 3 million or so: http://fortune.com/2017/11/25/lost-bitcoins/ http://fortune.com/2017/11/25/lost-bitcoins/. It's as if the Federal Reserve promised to print $21 million in dollar bills, then never print any more. Maybe someday "bitcoin mining" will mean digging through landfills and scanning old hard drives for lost wallets.