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    Author Topic: Bitcoin loss  (Read 1747 times)
    rotrott (OP)
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    October 29, 2011, 12:44:04 PM
     #1

    I'm sure this has probably been discussed, so please point me in the direction of those threads if it is true.

    What happens if the value of a bitcoin reaches a level where it's easy for an entity to buy a large chunk of them and then send them into oblivion?  Could the system sustain a loss of 5 million coins?  At what percentage loss would the system be unusable?

    Also, if we lose just 1/5th of a percent bitcoins per year (due to mistakes and what not) we will lose half the available coins in 210 years. (I hope my math is correct Smiley)
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