Re: What would happen if half or many many users lost their wallets?
Hi all, I am a newbie in Bitcoin. I have a stupid question that what is the impact if most of the users lost their wallets?
To my understanding, the number of Bitcoin issued is a fixed amount, if the situation mentioned above happens, what is the impact to the hope ecosystem of Bitcoin?
To my understanding, the number of Bitcoin issued is a fixed amount, if the situation mentioned above happens, what is the impact to the hope ecosystem of Bitcoin?
someone somewhere sad that you can look at it as you look at your money / gold / etc.
If you put a 1m$ into a jar and dig it deep into some forest and after that you will forget where you hide it - 1m$ is gone.
Forever. (or maybe in this case someone will find it (after 2000 years
))So this is same with Bitcoin. If someone will keep 10000 BTC on his wallet, and he will lose his password of something will happen to that wallet. BTC are gone.
So like somebody here sad - price will increase.
But if, if (happens poss.:=0.0000001%) all of BTC users will lost their wallets after all BTC are mined, and only 1 user will stay with a wallet with 0.00000001 BTC inside - THEN Bitcoin is going to die
I think, there are already many many users who lost their passwrd or smthin.