We lose all bitcoins ((

[DeadJDona]

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?

[EvanR]

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]

You can't buy all the coins because they aren't all for sale.

[DeadJDona]

thx

[DeadJDona]

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

lim -> 00 (inf)

[Jered Kenna (TradeHill)]

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.

[EvanR]

Yeah. If you are willing to pay as much as possible to get coins, you will be broke very soon.

[FnuGk]

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