Topic: Total number of bitcoins will DECREASE - page 7. (Read 6542 times)
That's why it's deflationary.
One thing that most people don't seem to understand is that after 21 million Bitcoins have been produced, the TOTAL number of Bitcoins in circulation will decrease in a LINEAR fashion each year. Why? Because a consistent number of people (maybe 0.05%) will always - ALWAYS - lose their private keys. This is inevitable.
So with the number of Bitcoins DECLINING (after 21 million) and the demand RISING, classical economics tells us that the price will SURGE.
So with the number of Bitcoins DECLINING (after 21 million) and the demand RISING, classical economics tells us that the price will SURGE.
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