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?
Now more than six million bitcoins are considered lost for various technical reasons. This figure will continue to increase, but not as quickly as earlier due to a more thrifty attitude towards bitcoin due to its high cost. I think that it's not worth worrying about. Technology and technology does not stand still. They say that quantum computers will be able to calculate codes of any kind of complexity, including for them it will not be a big problem to decipher the lost bitcoins in blockchein.
In addition, the crypto currency itself develops and will surely gradually be transformed into something more perfect.