What's to stop Cryptocurrencies eventually running out of coins?

biggus dickus

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Quote from: dsattler on January 26, 2015, 04:29:17 PM

Quote from: IamAGentleman on January 26, 2015, 04:12:02 PM

Over time, people lose wallets, misplace them etc, so what's to stop Bitcoin or any other Cryptocurrency from dropping to hardly any coins?

Any bitcoin can be divided into 100,000,000 units called "satoshi". So even if there would be only one bitcoin left, there could be still some trading possible.

.......

Most alts are based on bitcoin and can be divided into 100,000,000 units, which solves the problem. There are a few exceptions, some coins have less units, and some have more. I think most cryptonote based coins are divided into a different number of units to bitcoin.

CryptKeeper

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Quote from: dsattler on January 26, 2015, 04:29:17 PM

Quote from: IamAGentleman on January 26, 2015, 04:12:02 PM

Over time, people lose wallets, misplace them etc, so what's to stop Bitcoin or any other Cryptocurrency from dropping to hardly any coins?

Any bitcoin can be divided into 100,000,000 units called "satoshi". So even if there would be only one bitcoin left, there could be still some trading possible.

And of course you can simply create a new crypto currency, if that's the case. Grin

It's easy, you don't need to be a software developer for that, look here:

http://nxt.org/about/monetary-system/

Yeah, MS is a great achievement. You can create a mintable crypto currency in 2 minutes! So much new features in Nxt, it's really awesome!!!

dsattler

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Quote from: IamAGentleman on January 26, 2015, 04:12:02 PM

Over time, people lose wallets, misplace them etc, so what's to stop Bitcoin or any other Cryptocurrency from dropping to hardly any coins?

Any bitcoin can be divided into 100,000,000 units called "satoshi". So even if there would be only one bitcoin left, there could be still some trading possible.

And of course you can simply create a new crypto currency, if that's the case. Grin

It's easy, you don't need to be a software developer for that, look here:

http://nxt.org/about/monetary-system/

0nlyBTC

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Nothing really. Liquidity of Bitcoins and other Altcoins.

IamAGentleman

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Over time, people lose wallets, misplace them etc, so what's to stop Bitcoin or any other Cryptocurrency from dropping to hardly any coins?

Topic: What's to stop Cryptocurrencies eventually running out of coins? (Read 466 times)