I was thinking about how great bitcoin is vs combatting inflation but what about deflation?
Say bitcoin gets lost or if there was a malicious intent of destroying / hoarding bitcoin, are there any mechanics within bitcoin that address this?
Am curious but this is one of the largest problems i could think of if btc were ever widely adapted
There are some addresses that act as burner addresses and thus have Bitcoin in them that will hypothetically never be recovered, however you never know and someone might get it one day.
There are no mechanics in Bitcoin to counteract any sort of hoarding or destruction of Bitcoin, it just all keeps moving until there's nothing left, and if it gets to that point then Bitcoin dies due to no supply. As for whether or not that will ever happen, maybe in the far future, but it's a non-issue right now.