Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Wandererfromthenorth
on 29/12/2014, 15:53:35 UTC
What if I told you that the real monetary inflation for BTC is actually even higher than most people think?
That's because a lot of BTCs from the early days are totally lost (so nobody owns the private keys anymore, it's like they never existed).


2 million BTCs (minimum) are very probably lost:

http://onbitcoin.com/2013/12/07/bitcoin-spoilage-2-million-bitcoin-likely-lost-old-hard-drives/




The supply of BTC in circulation is actually smaller than believed, that means that the inflation is actually higher.