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If a coin is stolen, it is still in circulation. No affect on the holders of that cryptocurrency. If a coin is lost, it is out of circulation, and the net effe
by nobrains 9y ago
If a coin is stolen, it is still in circulation. No affect on the holders of that cryptocurrency.
If a coin is lost, it is out of circulation, and the net effect is that it is distributed to all the remaining holders of that cryptocurrency.
- boobsbr 9y ago> If a coin is lost, it is out of circulation, and the net effect is that it is distributed to all the remaining holders of that cryptocurrency. Meaning the value of the remaining coins increases a tiny bit because supply was reduced?
- nobrains 9y agoCorrect
- notahacker 9y agoBoth of those assume that desire to acquire a cryptocurrency is unaffected by trust in its exchange infrastructure and the integrity of others parties offering to make payments in that cryptocurrency. That doesn't seem like a reasonable assumption to make.