Bitcoin Circulation review - page 3.

Zaguru12

hero member

Activity: 868

Merit: 952

Definitely the number of bitcoin that will be lost reducing gradually every day because the knowledge of how to hold one’s bitcoin is spreading rapidly and many people now know how to safeguard their coins.

So with the value increasing the act of protecting the coins will also increase. Also the lost bitcoins actually have its own effect on the circulating as it add value to the the ones in investors self custody as stated by Satoshi himself

Quote from: satoshi on June 21, 2010, 12:48:26 PM

Lost coins only make everyone else's coins worth slightly more. Think of it as a donation to everyone.

So although it reduces the number in circulation it increases the value of it

bitmover

legendary

Activity: 2352

Merit: 6089

bitcoindata.science

This will probably never be a problem.

There are millions of Bitcoin around, and just a small percentage is lost. And the amount lost every year will be exponentially smaller over time, as bitcoin value increase

Sub satoshi amounts are already being used in lighting network.

It is hard to calculate how many are forever lost because they may just be on hold. Glassnode says about 10%, 2 million
https://medium.com/the-capital/how-many-bitcoin-are-lost-forever-34f2b48a6dba

promise444c5

sr. member

Activity: 476

Merit: 299

Learning never stops!

So, I was wondering what could happen when someone lost his access to his non custodial wallet or died in the eventually long run then, I came
about this thread

Quote from: BOARBEAR on February 27, 2011, 11:55:55 PM

Imaging bitcoin becomes popular and we want to use this currency forever, and some amount of bitcoin is lost from this economy each day.

Does anybody think this is a problem?

I found some interesting replies but I wasn't satisfied though. My thought is , if bitcoin has a fixed amount that could be circulated then,what about the shortage due to some occurrence.

Among the replies I found one

Quote from: Timo Y

Most sane people won't store most of their Bitcoins on a single wallet.dat file on their laptop, once Bitcoin becomes mainstream. Unless it's only a small amount.

At the very least they will make several backups and tell a family member about them.

I found this helpful but what of vice versa

Source: https://bitcointalksearch.org/topic/what-about-the-bitcoins-that-are-gone-in-the-future-3951

Topic: Bitcoin Circulation review - page 3. (Read 478 times)