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> Strictly speaking, the supply is inflating continuously what about Bitcoins being lost? perhaps we should also consider coins that are not used in the past f
by BadCRC 14y ago
> Strictly speaking, the supply is inflating continuously
what about Bitcoins being lost? perhaps we should also consider coins that are not used in the past five years also "lost".
- fnordfnordfnord 14y ago>what about Bitcoins being lost? At some point, the rate of loss may overtake the rate of new coin creation. > perhaps we should also consider coins that are not used in the past five years also "lost". Maybe, but be prepared for some of those to someday be spent, they may merely have been hoarded. I have dollars that have been in my possession for more than five years, they aren't lost as far as I am concerned.
- chimeracoder 14y agoThis is known as seigniorage: http://en.wikipedia.org/wiki/Seigniorage http://en.wikipedia.org/wiki/Seigniorage Interestingly, though, while (some) seigniorage is a good thing for a debt-based like the dollar, it's a bad thing for Bitcoin.
- _ikke_ 14y agoEven if you mark them 'lost', you can't just trivially reassign them. You would need to have the private key to be able to spend them, there is no other way.