Post
Topic
Board Bitcoin Discussion
Re: We should forget that there'll be 21M BTC
by
Doan9269
on 18/03/2022, 10:40:26 UTC
Individuals should completely disabuse themselves of the notion that there will ever be 21 million Bitcoins


Taking lost and inaccessible coins into consideration, as well as Satoshi's 1M BTC lockup, there will never be more than 14M BTC available. Coins that have been lost are irretrievable.
Wallets that have been locked are inaccessible. And who knows what will become of Satoshi's incarceration. This number will steadily drop as adoption expands, as additional people with bad discipline, a lack of responsibility, or an inability to pay attention will also lose their coins. Bitcoin is obviously highly cheap, but it becomes much more so when you consider the premise that only 21 million Bitcoins will ever be created. If the larger crypto community and the financial world were aware of this, Bitcoin's price would be considerably higher right now.

What do you think?





Taking lost and inaccessible coins into consideration, as well as Satoshi's 1M BTC lockup, there will never be more than 14M BTC available. Coins that have been lost are irretrievable.

Talking about Satoshi we cant be sure in predicting the said amount moreover many accounts have been found recently involved in making a huge transaction in which some purported to be from Satoshi wallet, but nevertheless, we have to put in consideration the whales who have invested and seems to stay mute with their bitcoin in the wallet, if the lost bitcoins do exist then its in a smaller proportion and i don't think it absence has glaring implications on amount of btc left unmined.