Post
Topic
Board Economics
Re: Lost Bitcoins
by
Buttermellow
on 03/09/2018, 16:42:28 UTC
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?
Maybe it will be mined for some reasons that there could be some losses on the supply definitely the team could add some more coins on it knowingly that there could be a percentage of the losses of that crypto. There could be a substitution to it as we all know that even in fiat money where the physical money is being lost and damaged it will be replaced by other physical money. The team knows how to calculate for it so we will going to trust them.