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Author Topic: We lose all bitcoins ((  (Read 1622 times)
DeadJDona
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April 15, 2011, 08:07:54 PM
 #1

Good day, all.

I'm a newbie and want to ask a theoretical question

What is we loose ALL bitcoins? Say 1% of users lost their wallets with some sum on it. (hdd crash, etc)

So in 10 years we lose ~10% of all money

100 years => no money?


And the variation of this - wahat if BGates or Brinn or somebody just buy all coins?
Okay, he got 10M, others got nothing

WHAT TO DO?


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EvanR
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April 15, 2011, 08:13:13 PM
 #2

https://en.bitcoin.it/wiki/Myths#21_million_coins_isn_t_enough,_doesn_t_scale
https://en.bitcoin.it/wiki/Myths#Lost_coins_can_t_be_replaced_and_this_is_bad
EvanR
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April 15, 2011, 08:17:31 PM
 #3

You can't buy all the coins because they aren't all for sale.
DeadJDona
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April 15, 2011, 08:20:50 PM
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thx
DeadJDona
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April 15, 2011, 08:21:59 PM
 #5

you can just buy all that you can all the time.

lim -> 00 (inf)

Jered Kenna (TradeHill)
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April 15, 2011, 09:35:50 PM
 #6

you can just buy all that you can all the time.

lim -> 00 (inf)



And you're going to make some people very very rich doing that.

moneyandtech.com
@moneyandtech @jeredkenna
EvanR
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April 15, 2011, 10:01:22 PM
 #7

Yeah. If you are willing to pay as much as possible to get coins, you will be broke very soon.
FnuGk
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April 17, 2011, 12:38:28 AM
 #8

if one person sits on ALL the bitcoins i would guess they would loose all their value as no one is able to trade them rendering the one person bankrupt like everyone else

My bitcoin address if you feel like giving things away Smiley
1NvURSqNqFUX1g4xAJe5xzBJYRkMSCyXqk
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