Post
Topic
Board Bitcoin Discussion
Re: Bitcoins destroyed if unused, to keep bitcoin supply known?
by
mgio
on 22/01/2014, 20:42:09 UTC
It's a very bad idea, but the problem of unused/lost coins IS a big problem. This just isn't a valid solution.


As someone said before, the price is a function of supply and demand. If the supply is unknown, price will be unknown and potentially volatile.

And as time goes on, more and more coins will be in that "unknown" state where we don't know if they are lost or just beings saved.

The more coins that are like that, the more uncertain what the real supply of bitcoin is.

And remember, eventually ALL bitcoins will be lost!