Quote from: tubro on June 26, 2011, 05:15:31 PM

Quote from: ascent on June 25, 2011, 04:21:20 PM

Oh, I see now! I'm not a mathematician, therefore, I can't grasp the concept fully. First of all, it does not need to become zero for the problem to exist. Secondly, the key point is "approach zero".

It might sound condescending. But it's not. It is really a concept that is hard for non-mathematicians to understand, because people rarely get to think about infinite things.

See, you still haven't understood it: The number of active bitcoins will NOT "approach zero". Not at all. It will approach some large positive number. Ofcourse, it is hard so estimate the exact number today, but I believe it will be more than half the number of total bitcoins, that is more than 10.5 million.

I suspect you're not a mathematician, otherwise you wouldn't make such a fallacious statement. It makes you sound doubly condescending. 10.5 million, eh? Funny!

Assuming 6.5 million Bitcoins (we could assume 21 million if you want, it makes no difference), and a rate of loss of one percent per year, which I will admit is probably high, we get the results listed below for one thousand years. I don't see it stopping at 3.25 million. It does not matter what we set the rate of loss to, it will not stop at half. So please, don't ever make assumptions about your understanding of math vs. mine, again, ever.

And yeah, you are condescending, and apparently, not even right, by a long shot.

year: 2020 5878483.487557
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