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1  Other / Beginners & Help / Questions (probably nooblet questions) on: November 29, 2013, 12:30:52 AM
Hello,

Just wondering about 3 things:

- My understanding being that the total amount of bitcoins is limited to 21kk BTC, and that any lost bitcoins/wallets are completely lost (the BTC won't ever be recovered, ever), then the amount of BTC available when time reaches infinity will be zero. My understanding is that it will just cause inflation and that it is not a problem.

But...

I also understand that there is a lower limit to the size of a transaction (which is a pain, somehow, since I have lots of wallets with less than the threshold value on them (another way of wasting BTC, IMHO). (I am not sure of the minimum amount of BTC... but I've seen 0.001 fees here and there, in setup files, and some site don't allow any transaction of less than a minimum amount)...

Since the rise of value of the BTC (vs EUR or USD), even a small fraction of BTC will, if you also take inflation into account, eventually make 0.001 BTC a good amount of money (when you'll be able to buy a car with 0.001, you'll be reluctant to pay any of those fees.).

So, are bitcoins doomed, eventually? ;-)

- and my second question, is about those fees we pay, who do they go to? For example, I have setup a server in a datacenter with full connectivity, running bitcoind in server mode... will it get some BTC for being up? How do we know which server actually gets the fees? is it possible to make sure a specific infrastructure gets the fee?

- third: what stops a gang to setup a bunch of rogue servers, with time set way back in the past, non connected to the rest of the universe, and begin creating BTC like it was the first day of creation (easy hash to find, lots of BTC gained each time they strike gold)?

Any clarification appreciated...

Thank you,
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