Post
Topic
Board Economics
Re: Deflation, an accounting problem?
by
myrkul
on 26/02/2011, 02:40:54 UTC
Is this going to be a serious problem during the initial growth of bitcoin as a currency?

Initial growth? I don't think so.

Maybe later, once the generation rate has leveled off, someone accidentally deleting a few million bitcoins might cause a bump in the value which would necessitate a book-keeping nightmare, but any small losses would pretty much get absorbed by the market. And right now, all losses are small, compared to the generation rate.