←back to thread

189 points aorloff | 1 comments | | HN request time: 0.203s | source
Show context
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.

replies(8): >>44467392 #>>44467410 #>>44467413 #>>44467486 #>>44467668 #>>44467917 #>>44469713 #>>44469776 #
1. patrickhogan1 ◴[] No.44469713[source]
Fair point. It seems largely that bitcoin is a store of value rather than a currency that you do stuff with at this point.