Bitcoin Forum
December 08, 2016, 02:43:28 PM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: We lose all bitcoins ((  (Read 1552 times)
DeadJDona
Newbie
*
Offline Offline

Activity: 12


View Profile
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?


1481208208
Hero Member
*
Offline Offline

Posts: 1481208208

View Profile Personal Message (Offline)

Ignore
1481208208
Reply with quote  #2

1481208208
Report to moderator
1481208208
Hero Member
*
Offline Offline

Posts: 1481208208

View Profile Personal Message (Offline)

Ignore
1481208208
Reply with quote  #2

1481208208
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
EvanR
Jr. Member
*
Offline Offline

Activity: 40



View Profile
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
Jr. Member
*
Offline Offline

Activity: 40



View Profile
April 15, 2011, 08:17:31 PM
 #3

You can't buy all the coins because they aren't all for sale.
DeadJDona
Newbie
*
Offline Offline

Activity: 12


View Profile
April 15, 2011, 08:20:50 PM
 #4

thx
DeadJDona
Newbie
*
Offline Offline

Activity: 12


View Profile
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)
Sr. Member
****
Offline Offline

Activity: 420



View Profile WWW
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
Jr. Member
*
Offline Offline

Activity: 40



View Profile
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
Jr. Member
*
Offline Offline

Activity: 55


View Profile
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
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!