Bitcoin Circulation review

[0t3p0t]

The death of the Bitcoin owner will sometimes the death of it's holdings as well. Death comes may surprise us and we are not ready to hand our private keys to the rightful heir and that death could be the rise of those who are living hodlers. We all know that scarcity makes the price fly to the moon and that is the time we will remember it's significance. I think forgetting something is like the death of something.

[JunaidAzizi]

So, I was wondering what could happen when someone lost his access to his non custodial wallet or died in the eventually long run then,  I came
about this thread

Yes, it's true, If a person dies and has many Bitcoins or a single Bitcoin and he loses access to his non-custodial wallet, this will be lost forever. So to prevent Bitcoin from being wasted it is necessary to make a backup of the wallet and store it in different places or you may use a hardware wallet which also reduces the risk of bitcoins from wastage.

Does anybody think this is a problem?

This debate has been started among the bitcoiners for many years. Some believe that it's not a big problem because they said if some percent of bitcoin is lost then the mining of bitcoin every day will refill that lost percent of bitcoins while some say that it is a problem because bitcoin eventually becomes too scarce to be used as a currency, as more and more bitcoin is to be lost it will reduce the supply of bitcoin which will lead to the sectors where bitcoin is too valuable to use for everyday transaction.

[famososMuertos]

There are several topics in its context, custody, inheritance, bitcoin in circulation, among others. The reality is that if someone loses their bitcoin by forgetting their keys, etc. It is only making the circulation of bitcoin less and therefore indirectly that will influence its price over time.

The forum is full of your concerns, only the points of view change or the context changes, but in a way you always arrive at the same thing, manage a retirement system, which includes your assets and liabilities, the majority of those that reach the forum with the idea of what to do, they forget about their liabilities, debts are something they must manage too, it seems the same, but it is about liabilities, whatever, the most used formula It is inheritance*.

Cryptocurrencies are governed by the laws of each country, it is not just about leaving them secret keys, which is why getting advice based on your country can clearly determine the best way to "deliver"* your bitcoin.