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I was wondering about this myself. There's a fixed total supply of bitcoins, and a non-zero rate of loss can be expected - this doesn't seem like a good long-t
by caf 16y ago
I was wondering about this myself. There's a fixed total supply of bitcoins, and a non-zero rate of loss can be expected - this doesn't seem like a good long-term combination.
- stuhood 16y agoThe Bitcoin protocol allows for 8 decimals worth of divisibility, meaning that there are actually 2.1E16 or 21 quadrillion "units" (aka "Satoshi's") available.
- Groxx 16y agoAnd the divisibility can be extended. The 8 decimals are largely just because the current client(s) only understand it to that degree.
- jared314 16y agoIt sounds like a few good "money burning" viruses and you would double the value of bitcoins by reducing supply. Back up your wallet!