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We lose all bitcoins ((
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Topic: We lose all bitcoins (( (Read 1840 times)
DeadJDona
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We lose all bitcoins ((
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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Re: We lose all bitcoins ((
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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Re: We lose all bitcoins ((
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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Re: We lose all bitcoins ((
April 15, 2011, 08:20:50 PM
#4
thx
DeadJDona
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Re: We lose all bitcoins ((
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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Re: We lose all bitcoins ((
April 15, 2011, 09:35:50 PM
#6
Quote from: DeadJDona on April 15, 2011, 08:21:59 PM
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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Re: We lose all bitcoins ((
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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Re: We lose all bitcoins ((
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
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