I see a future issue with lost & unretrievable (same as lost) bitcoin. I bet 99% of bitcoin holders have no plan in place for their bitcoin to be retrieved in the event they die. Currently, the deflationary effects of lost Bitcoin only help the price as we are in a growth stage, but what happens in 10-20 years when half or more of all Bitcoin is lost? I understand it would be more scarce, but you still need a healthy amount of circulating supply to keep it viable. Or I guess you could always extend it to 15 decimal points once the eclair of 1BTC is $5m+ (I’m just using hypothetical numbers, but trying to wrap my head around the future loss of coin and the cause & effect)
Change my mind…
No comments:
Post a Comment