There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.
This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.
Is this correct?
I think bitcoin will not disappear because as long as there are miners who are mining bitcoins there's no reason that bitcoin may disappear, many people are mining bitcoin and also many people are patronizing bitcoin so I think bitcoin will not disappear no matter what happens.