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It is, after all bitcoins are eventually mined, because some private keys get irretrievably lost and those coins can therefore never be recovered.
by dasudasu 5y ago
It is, after all bitcoins are eventually mined, because some private keys get irretrievably lost and those coins can therefore never be recovered.
- djbebs 5y ago2 things: - bitcoin tends towards 21 million mined bitcoin, but just like mathematical limits that means that it will continue mining some bitcoin essentially forever (progressively smaller and smaller amounts). - people forgetting or losing their keys doesn't make bitcoin deflationary anymore than it makes the USD deflationary. Furthermore that is not something inherent to bitcoin, but simply a practical result.