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coinyard
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February 21, 2016, 08:39:33 PM
 #81

How could it be a danger? it'll only reduce btc supply hence increase btc price!

I also think the lost coin will make the remaining coin much more valuable as the supply has reduced. So price should rise.

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February 22, 2016, 09:06:38 AM
 #82

I hope with the price going up some of the hodlers with lots of coins will gradually exchange BTC for cash. This will slowly and continuously redistribute the coins to new users. As for Satoshi's fortune, I guess we can forget about them. Most likely Satoshi will keep the as "it is". However, even the coins are moved eventually, I am sure the effect will only be short term.

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Gaswuwade
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March 01, 2016, 09:29:38 AM
 #83

I hope with the price going up some of the hodlers with lots of coins will gradually exchange BTC for cash. This will slowly and continuously redistribute the coins to new users. As for Satoshi's fortune, I guess we can forget about them. Most likely Satoshi will keep the as "it is". However, even the coins are moved eventually, I am sure the effect will only be short term.

I think those people will make some use of the bitcoin, for example buying a house. So their holding will reduce in long term.
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March 01, 2016, 11:30:48 AM
 #84

Lost bitcoin is not gonna be a matter in the economy. If the lost bitcoin is considered it will give a increase in price. Because the lost will considered as a crypt in circulation.

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March 20, 2016, 12:39:25 AM
 #85

Lost bitcoin is not gonna be a matter in the economy. If the lost bitcoin is considered it will give a increase in price. Because the lost will considered as a crypt in circulation.

In terms of usability probably it doesn`t affect too much, But in economic question would be analyzed  more carefully.

Suppose for example that someone decides to buy all BTC existing and pay all marketcap entire for it , how many should receive?    Without going any further the  mega-buyer it would have to know how many actually exist in circulation and have not been lost to ensure that all are delivered to him/she. This is just a hypothetical case belongs rather to the theoretical field. It may sound farfetched now but it could be the case that this can become real some day.

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romero121
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March 20, 2016, 04:26:39 PM
 #86

Lost bitcoin is not gonna be a matter in the economy. If the lost bitcoin is considered it will give a increase in price. Because the lost will considered as a crypt in circulation.

In terms of usability probably it doesn`t affect too much, But in economic question would be analyzed  more carefully.

Suppose for example that someone decides to buy all BTC existing and pay all marketcap entire for it , how many should receive?    Without going any further the  mega-buyer it would have to know how many actually exist in circulation and have not been lost to ensure that all are delivered to him/she. This is just a hypothetical case belongs rather to the theoretical field. It may sound farfetched now but it could be the case that this can become real some day.

Exactly said such scenario would take place only if the Bitcoin is made centralized. Only if bitcoin is adopted by a very big corporate the quote by above mate will take place.

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March 20, 2016, 04:44:09 PM
 #87

Even if they have so many bitcoin in their hands it still wont be a danger zone as they still need to let go some bitcoin in the market to keep the price rolling or else if the price is un reachable to many people they will have change coins.

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