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

biggus dickus

sr. member

Activity: 310

Merit: 250

Quote from: dsattler on January 26, 2015, 05:29:17 PM

Quote from: IamAGentleman on January 26, 2015, 05:12:02 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

legendary

Activity: 2044

Merit: 1055

Quote from: dsattler on January 26, 2015, 05:29:17 PM

Quote from: IamAGentleman on January 26, 2015, 05:12:02 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

legendary

Activity: 924

Merit: 1000

Quote from: IamAGentleman on January 26, 2015, 05:12:02 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

sr. member

Activity: 289

Merit: 250

Nothing really. Liquidity of Bitcoins and other Altcoins.

IamAGentleman

full member

Activity: 134

Merit: 100

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 450 times)