Post
Topic
Board Bitcoin Discussion
Re: What about those bitcoins that are LOST?
by
Amph
on 15/07/2015, 08:16:02 UTC
Lost Bitcoins is a good thing actually. They make your unlost bitcoins more valuable. (As long as the lost ones aren't yours of course)

I don't think so: nobody knows anybody has lost his coins, there's no way to know it, apart the case I exposed in the previous post, or by admission of the user himself, which can be fraudulent.
AT THE MOMENT the value of your coins is UNAFFECTED by lost coins.
In the future, when we'll hit the wall, THEN this may affect it, as less and less coins will be in circulation.

i presume that the impact would be very low on the market, do not expect an huge rise in demand only because 30% of coins are lost, people simply will buy less one whole btc and more satoshi or bits

Not like that.
In a possible future that we all are hoping, Bitcoins will be a used everywhere by everyone.
There will actually be scarcity of them.
People won't BUY bitcoins: they will USE them and EARN them with their work (until AI and robotics will take all of that...).

i was talking about the impact that lost coins may have, and it isn't so great as a many think, let's say that 10.5M are lost, this would bring (by logic) the price to x2 at best

there is no other reason why it should go to x100 or whatever crazy value, because we have only lost 50% of total supply