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Sleeping beauty Bitcoin wallets wake up after 14 years to the tune of $2B

(www.marketwatch.com)
190 points aorloff | 1 comments | 04 Jul 25 18:41 UTC | HN request time: 0.205s | source
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throw0101d ◴[04 Jul 25 19:49 UTC] No.44467342[source]▶
Personally I think that this can be considered on the "bug" side of Bitcoin's finite number coins: if, over time, they are lost, then there's a smaller quantity† of currency that is useable to actually do stuff with.

This can make the 'rate of deflation' that occurs worse:

* https://en.bitcoin.it/wiki/Deflationary_spiral

* https://isps.yale.edu/news/blog/2014/06/the-perils-of-bitcoi...

* https://crypto.bi/deflationary/

† I am aware of satoshis.

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TheDudeMan ◴[04 Jul 25 20:08 UTC] No.44467486[source]▶
Losing some bitcoin is effectively equivalent (over the long term) to distributing it to all other holders (proportionally). So this is fine.
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throw0101d ◴[04 Jul 25 22:35 UTC] No.44468490[source]▶
> Losing some bitcoin is effectively equivalent (over the long term) to distributing it to all other holders (proportionally). So this is fine.

To those that have, more will be given. What about those that do not have?

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1. wmf ◴[04 Jul 25 22:44 UTC] No.44468546[source]▶
Slavery.