Everyday people lose access to their wallets, send Bitcoins to wrong addresses. It results in Bitcoins being lost forever. In the meantime, there is no way to prevent it.
So, lets suppose that Bitcoin would exist forever. It means that at some point there wont be any coin left in the network
I know there are other implications/discussions about Bitcoin supply. But Id like to limit this topic to this concern (Bitcoins lost).
Is the 21M BTC supply promise realistic?
So, lets suppose that Bitcoin would exist forever. It means that at some point there wont be any coin left in the network
I know there are other implications/discussions about Bitcoin supply. But Id like to limit this topic to this concern (Bitcoins lost).
Is the 21M BTC supply promise realistic?
21 M with the lowest denomination of 1 is 21 M
21 M with the lowest denomination of .5 is 42 M
21 M with the lowest denomination of .25 is 84 M
so 21,000,000 with the lowest denomination of .00000001
is 2,100,000,000,000,000
There is no limit to how far right you can increase a virtual currency , so bitcoin has an endless supply,
but don't tell anyone.
