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Author Topic: What's to stop Cryptocurrencies eventually running out of coins?  (Read 449 times)
IamAGentleman (OP)
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January 26, 2015, 09:12:02 PM
 #1

Over time, people lose wallets, misplace them etc, so what's to stop Bitcoin or any other Cryptocurrency from dropping to hardly any coins?
0nlyBTC
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January 26, 2015, 09:14:50 PM
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Nothing really. Liquidity of Bitcoins and other Altcoins.
dsattler
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January 26, 2015, 09:29:17 PM
 #3

Over time, people lose wallets, misplace them etc, so what's to stop Bitcoin or any other Cryptocurrency from dropping to hardly any coins?

Any bitcoin can be divided into 100,000,000 units called "satoshi". So even if there would be only one bitcoin left, there could be still some trading possible.

And of course you can simply create a new crypto currency, if that's the case.  Grin

It's easy, you don't need to be a software developer for that, look here:

http://nxt.org/about/monetary-system/

Bitcointalk member since 2013! Smiley
CryptKeeper
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January 26, 2015, 09:37:38 PM
 #4

Over time, people lose wallets, misplace them etc, so what's to stop Bitcoin or any other Cryptocurrency from dropping to hardly any coins?

Any bitcoin can be divided into 100,000,000 units called "satoshi". So even if there would be only one bitcoin left, there could be still some trading possible.

And of course you can simply create a new crypto currency, if that's the case.  Grin

It's easy, you don't need to be a software developer for that, look here:

http://nxt.org/about/monetary-system/

Yeah, MS is a great achievement. You can create a mintable crypto currency in 2 minutes! So much new features in Nxt, it's really awesome!!!

Follow me on twitter! I'm a private Bitcoin and altcoin hodler. Giving away crypto for free on my Twitter feed!
biggus dickus
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January 27, 2015, 12:18:57 AM
 #5

Over time, people lose wallets, misplace them etc, so what's to stop Bitcoin or any other Cryptocurrency from dropping to hardly any coins?

Any bitcoin can be divided into 100,000,000 units called "satoshi". So even if there would be only one bitcoin left, there could be still some trading possible.

.......


Most alts are based on bitcoin and can be divided into 100,000,000 units, which solves the problem. There are a few exceptions, some coins have less units, and some have more. I think most cryptonote based coins are divided into a different number of units to bitcoin.
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