Quote from: Steve on August 08, 2011, 07:23:45 PM

Quote from: error on August 08, 2011, 07:05:05 PM

Quote from: Steve on August 08, 2011, 07:01:08 PM

Quote from: makomk on August 08, 2011, 05:35:44 PM

That depends. If there are 7 million of - for example - a particular brand of washing machine and 1 million of them burst into flames, that obviously makes the remaining 6 million rather less valuable. (Also, most of the bitcoins lost so far have been stolen rather than destroyed, so the number in circulation hasn't decreased that much.) On the one hand you have the decrease in supply, and on the other loss in confidence in Bitcoins as a result of the heists.

Actually, I'd say the number in circulation has likely increased rather dramatically as a result of the heists. Consider that the thefts were from people hoarding bitcoin and the thieves are likely trying to circulate them and cash them out as soon as possible.

Really? Hoarding? Do you even know what that word means? This doesn't make your company look good.

What aspect of what I said doesn't make sense to you? The thieves stole money from people that were hoarding bitcoin and are (presumably) dumping it on the market. The hoarders had taken money out of circulations and the thieves are taking it from the hoarders and returning it to circulation. Seems logical, no?

Yes, except that you used the words "hoarding" and "hoarders" to describe something that isn't hoarding.