/biz/ - Business & Finance

>>28085531
>- If I understand correctly, if you lose the access data to your wallet, that money has disappeared forever, not only for you, but for the whole currency system. Is that right?
Yes

>- If that is the case, doesn't it make Crypto much more difficult to preserve? You could argue that you can also destroy cash, but most people have most of their money in a bank.
What?
You must be able to write down a certain number and hold on to it.
That's a sequence of 256 0's and 1's in base 2, or about 80 digits in base 10, or about 50 characters in base 58
(for the usual private keys, digits from 0 to 9 and letters from a to z and A to Z are used, except 0 and O resp. I and l are ommited)

>- If money disappears, wouldn't that increase the value of the remaining crypto?
Effectively, yes

>- Is there a way to assess how much crypto has become inaccessible?
Clearly not.
Best you can do is look at how many funded addresses have not been used for a long time and take that as proxi

https://youtu.be/LYN3h5DjeXw

If you were ever wondering about those key and addresses on blockchains