Post
Topic
Board Economics
Re: Wouldn't all the bitcoin eventually become unreachable
by
asc366
on 29/10/2013, 21:21:03 UTC
This is a very "real" fear and there are many cases already with this like the one posted 15 mins ago at https://bitcointalk.org/index.php?topic=321054

https://en.bitcoin.it/wiki/FAQ#Won.27t_loss_of_wallets_and_the_finite_amount_of_Bitcoins_create_excessive_deflation.2C_destroying_Bitcoin.3F describes this as well:

Quote
Also, Bitcoin users are faced with a danger that doesn't threaten users of any other currency: if a Bitcoin user loses his wallet, his money is gone forever, unless he finds it again. And not just to him; it's gone completely out of circulation, rendered utterly inaccessible to anyone. As people will lose their wallets, the total number of Bitcoins will slowly decrease.