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Title: Losing Wallet Post by: dieselx on March 06, 2014, 02:18:43 PM I know that there is no really way to know, but I am sure there is a number that we can guesstimate on the amount of bitcoin that has been lost yearly to people/companies losing wallet. If a large company like Gox could have bad coding where they can potentially lose bitcoin and I am sure we will see this happen to shops in the future.
Do you think this number can ever be enough to devaluate bitcoin? Sure, short term of course less total bitcoin price goes up, but at some point less bitcoin might render it useless, no? Just ranting on my morning thoughts... somewhat new to bitcoin. thanks, Diesel Title: Re: Losing Wallet Post by: cointech on March 06, 2014, 02:36:16 PM Quote but at some point less bitcoin might render it useless, no? No because every bitcoin is divisible to 8 decimal places. So we would have to lose almost all the coins in existence for Bitcoin to become worthless. |