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/biz/ - Business & Finance

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25791017 No.25791017 [Reply] [Original]

Should bitcoin only having 210000 coins br worrisome? I heard that around 8 million of those coins are lost already. What's the solution to this?

>> No.25791076

# of coins literally means nothing
people think a coin with 21m supply = better than a coin with 100bn supply because they think scarcity = value
as long as max coins is finite, that's the main thing

>> No.25791079

>>25791017
8 decimals sirs.

>> No.25791132

>>25791076
What stops a big institution from keeping a majority of the coins and stopping it from being in circulation

>> No.25791181

>>25791017
>I heard
GTFO

>> No.25791253

>>25791181
https://news.bitcoin.com/analyst-1500-bitcoins-lost-every-day-less-than-14-million-coins-will-ever-circulate/

>> No.25791404

>>25791017
anon, i....

>> No.25791596

>>25791017
>worrisome?
this only means the value goes higher. if you lose your bitcoin you deserve it for being an idiot

>> No.25791726

>>25791596
My problem is usually rich long term investors keep their investments and rarely actually circulate that money into the economy which is a reason why Inflation exists.

>> No.25791791

>>25791726
You have no idea why money inflates, Go read Human Action.