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    Author Topic: We lose all bitcoins ((  (Read 1897 times)

    • DeadJDona (OP)
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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?

  • 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 (OP)
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    April 15, 2011, 08:20:50 PM
     #4
    thx

  • DeadJDona (OP)
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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
    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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    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
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