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?
How do you even know when there are lost Bitcoin? How can you tell, when everything is private or so (I dont know how to tell it, but it will be really hard to find out when there are lost coins, unless maybe they will start to be checking out which wallets or addresses are inactive and when they see inactive wallet and addresses they shift the coins in to exchanges or so.Another thing is that when there are not enough coin in circulation, the price for a coin will be very high.