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Title: We lose all bitcoins (( Post by: DeadJDona on April 15, 2011, 08:07:54 PM Good day, all.
I'm a newbie and want to ask a theoretical question What is we loose ALL bitcoins? Say 1% of users lost their wallets with some sum on it. (hdd crash, etc) So in 10 years we lose ~10% of all money 100 years => no money? And the variation of this - wahat if BGates or Brinn or somebody just buy all coins? Okay, he got 10M, others got nothing WHAT TO DO? Title: Re: We lose all bitcoins (( Post by: EvanR on April 15, 2011, 08:13:13 PM https://en.bitcoin.it/wiki/Myths#21_million_coins_isn_t_enough,_doesn_t_scale
https://en.bitcoin.it/wiki/Myths#Lost_coins_can_t_be_replaced_and_this_is_bad Title: Re: We lose all bitcoins (( Post by: EvanR on April 15, 2011, 08:17:31 PM You can't buy all the coins because they aren't all for sale.
Title: Re: We lose all bitcoins (( Post by: DeadJDona on April 15, 2011, 08:20:50 PM thx
Title: Re: We lose all bitcoins (( Post by: DeadJDona on April 15, 2011, 08:21:59 PM you can just buy all that you can all the time.
lim -> 00 (inf) Title: Re: We lose all bitcoins (( Post by: Jered Kenna (TradeHill) on April 15, 2011, 09:35:50 PM you can just buy all that you can all the time. lim -> 00 (inf) And you're going to make some people very very rich doing that. Title: Re: We lose all bitcoins (( Post by: EvanR on April 15, 2011, 10:01:22 PM Yeah. If you are willing to pay as much as possible to get coins, you will be broke very soon.
Title: Re: We lose all bitcoins (( Post by: FnuGk on April 17, 2011, 12:38:28 AM if one person sits on ALL the bitcoins i would guess they would loose all their value as no one is able to trade them rendering the one person bankrupt like everyone else
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