Post
Topic
Board Bitcoin Discussion
Re: Fee and Bitcoin
by
Script3d
on 05/11/2017, 16:17:08 UTC
Amount of fee is going just to miners. And that's it!
Don't worry about you question - there are 21 millions of bitcoins.
But... if somebody lost wallet bitcoins will gone forever. So amount of bitcoins will reduce time by time because this reason...
that mean number of Bitcoin less than 21 Million because many old members they lost them Bitcoin and mining be hard how can bitcoin solve this problem ?

That is correct but it's not necessarily a problem. It's a good thing actually. It lowers the supply making the price higher. If you think about it really, the more people lose their wallets with BTC in them it's better for us that hold BTC  Grin
but that doesnt mean the bitcoins are burned i think even the older members lose their bitcoin it will not reduce the supply i think it will not take effect in the price because they are not deducted to the total supply sure the price will increase if its burned.