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189 points aorloff | 1 comments | | HN request time: 0.21s | source
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throw0101d ◴[] 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 ◴[] 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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1. slavik81 ◴[] No.44469425[source]
You can't actually know if they are truly lost or not, though. Any dormant wallet could reactivate at any time, just like the wallets in this story.