Monday, January 30, 2023

Will this be a problem eventually?

I was just reading an article about the 1 million BTC in a wallet beginning to Satoshi, and how no one knows if the keys are lost or not.

Which made me think.

Will inadvertent burning eventually ruin Bitcoin?

21 million is the final supply amount, over decades as people die unexpectedly, keys are lost, etc etc. Would this eventually make BTC not feasible since it may diminish down to very low numbers?

I know everyone should have a will, or some accounting for keys in the untimely event, but we all know that's not actually going to happen for most. With banks a death cert and next of kin and the keys are yours, or the estates.

Not the same with crypto though.

Thoughts?


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