Re: A proposed solution to adjust for lost Bitcoins: wallet 'heartbeats'
The purpose of this heartbeat then, is actually focused around hoarders, early adopters who have a large number of coins and for some reason want to keep them rather then entering them into the system. And to force them into the market, is that it?
No, that's not it. I will not keep repeating myself. Read my replies. Especially those that discuss ratios and uncertainty.If you keep repeating yourself over and over, the problem may not be with the listeners but with how you're stating your answers
Anyways, I read and re-read this and there's a lot of back and forth.
But I'll try this once again:
Your assumptions are:
- Eventually all bitcoins will be lost
- That the uncertainty in the amount of bitcoins that are available will effect the price.
- The reason it will effect the price is that there is a potential of an unknown wallet created back in the dawn of time that will be discovered that, after all this time, will be large enough to dramatically shift the market.
- And that trade will halt because of this potential uncertainty which will only increase with time.
am i closer?