Age has nothing to do with it because some of them are fairly young, but wealth may have something to do with it. Someone who owns more than 100 BTC will probably think more about how to deal with the transfer of their wealth in the event of death than someone who has less than 1 BTC. Oh, and for tax and other reasons almost nobody I know mentions their BTC in a will, they have just made "provisions".
If we were to lose a vast majority of the BTC and the price were to go up to the levels you are talking about then the protocol can be modified to simply add more decimal places. Currently the protocol operates on (up to) 2,100,000,000,000,000 satoshis. In the unlikely scenario that all but one BTC are lost we would only be left with 100,000,000 satoshis. Add a few more decimal places like this: 100,000,000.000000000 and wala! you now have 100,000,000,000,000,000 "Q7s"
Which fiat are you referring to?  To summarize it, Loss is inevitable... |
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I think the total Bitcoins that never going to be used due to lost wallet files, lost passwords, etc will be around 1,000,000BTC MAX
Wrong, it is natures law that number eventually will be 21,000,000. It only takes time and you and I are going to be dead for sure when that happens. Yes it's just a matter of time. How long we will never know. Imagine this generation of bitcoin adopters, if half of those people never tell anybody or pass along their private key before they die... Eventually number of available bitcoin in circulation will be too low causing price to increase insanely just for a few fraction of sats. This will turn off mass adoption. You are wrong. Everyone I personally know that has a large amount of BTC has made provisions to transfer them to their heirs. Bitcoin can operate just fine if we lose all but one BTC. Bitcoin can operate just fine if we lose all but one BTC can you enlighten how that is possible?  i pay tom 0.00000001 btc which is worth 40 bucks (assuming predicted price at year 2050) for the sandwich which is only 12 bucks and try to give a change?  And have ever heard of sudden death? I assume all the so called guys u personally know will construct a will at 40 years of age? |
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Is this offer still available? My current one haven't paid me till now so was thinking of removing it soon.
Let me know of your decision. Thanks
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I think the total Bitcoins that never going to be used due to lost wallet files, lost passwords, etc will be around 1,000,000BTC MAX
Wrong, it is natures law that number eventually will be 21,000,000. It only takes time and you and I are going to be dead for sure when that happens. Yes it's just a matter of time. How long we will never know. Imagine this generation of bitcoin adopters, if half of those people never tell anybody or pass along their private key before they die... Eventually number of available bitcoin in circulation will be too low causing price to increase insanely just for a few fraction of sats. This will turn off mass adoption. |
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If it's just for 1 hour of work, then why not???
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I have been watching this coin closely since first day of its release. Though the android staking is interesting what really makes the difference is the librexsend bluetooth tech. I will definitely see what's the outcome from here
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One thing that surprises everyone is the strong support from the doge community. We all know technology is one thing but what really makes the difference is eventually support and adoption. Thanks to the doge community
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Just about 3 months ago. U can call me the latecomer, probably the one who missed the train |
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Inflation will cause your purchasing power to decline. The same 10 buck that can get you tons of grocery 10 years ago has shrunk. So do you see the same to bitcoin? Put that under wider perspective by comparing against 5 years ago.
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You are comparing against 2 different things. Apple pay is still based on fiat and not a currency in the first place
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They will be able to control the price of Bitcoin.
Its practically a takeover and theres nothing you could do about it.
How is that going to happen? This is a pow system plus whatever bitcoin they hold belongs to the customer not them |
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FB will be forced to adopt this model, they even risk losing substantial market share by being to slow to act
I agree. They are pretty silent thus far when it comes to bitcoin |
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Talk about volatility, the market will eventually corrects itself. May not be now or near future but someday
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At least a meager 0.01% increments added each year to counter the permanent loss. Come on 0.01% wouldn't dilute bitcoin value so drastically. And this would eventually ensure bitcoin continuity in supply. Plus some incentive to ensure there will always be miners after the 21 mil
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Not bad for a coin based on meme |
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Any option to change the tx fee??? Can't wait for it to appear on google play
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In terms of security that is definitely armory
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Seriously it's totally out of my expectations. Thought they were dead but the recent rise prove otherwise.
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First that comes to mind is that nubits is not decentralized
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