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Neovim have a ~$800k Bitcoin donation sitting untouched since 2023

320 points · 277 comments · jakemanger

  1. seymon · · focus · HN ↗
    I hope they still have the private key.
    1. osigurdson · · focus · HN ↗
      It is an interesting fact about Bitcoin in general. There are 21M tokens in total AND some percentage are lost every year. Run this simulation long enough and there will be very few active Bitcoins remaining.
      1. Roark66 · · focus · HN ↗
        Seems pretty silly to build in deflation into a currency. It incentivises putting your money in a mattress for 100 years.
        1. PowerElectronix · · focus · HN ↗
          I like the alternative even less, as it incentivises spending more than you would and taking on debt you don't really need.
          1. velcrovan · · focus · HN ↗
            Well, countries have experienced moderate inflation and moderate deflation, ask the ones who lived through both which one they preferred.
            1. eru · · focus · HN ↗
              Moderate deflation is fine, it's good even. But only as long as nominal GDP stays stable.

              See the so called 'Long Depression' in the 19th century. Which was only a depression of the price level, everything else did well.

              For a more sectoral example, see how computer hardware used to get cheaper and cheaper all the time, but total spending on hardware went up.

              1. morning-coffee · · focus · HN ↗
                That is <a href="https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;Jevons_paradox" rel="nofollow">https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;Jevons_paradox
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