Quote from: Thirdspace on February 22, 2018, 12:11:30 PM

Quote from: revCrypto on February 22, 2018, 11:22:28 AM

When will we hit a critical point at which there's just too many lost bitcoins due to someone loosing their wallets, dying or corrupted hard drives and etc? At some point this is bound to happen right?
I know that for the time being, low circulating supply means that the coin will increase in value but how low can it get before it starts to give diminishing returns and actually inflict damage to the system? What would happen to crypto in general if all of the coins and altcoins will suffer the same ending?

that's why we have 8 decimals. 10.87654321
if more and more coins lost due to whatever reasons, we can use smaller unit/denomination
as of now the standard is BTC, in the future when bitcoin very scarce we can say in term of mBTC or uBTC as standard

the exchange rate can be adjusted properly as needed too
imagine saying selling 0.001 BTC at rate $100,000 /BTC,
wouldn't it be easier to say selling 1 mBTC at rate $100 /mBTC

You has a good point because it is hard to compute when there are too many decimals are there and it is too hustle to compute when the price was too high.

But I think the supply getting low and the price was still high and I see that when there's a thing happen like that, the coin must get low soon because when you have a good coin, there are possibility that too many holders sell their coin.

The bitcoin was not finish to mine so it control the value of bitcoin to get more higher chance to have a high value.