Thread

1. seymon · 1789644245 · focus · HN ↗

   I hope they still have the private key.

   1. osigurdson · 1789648222 · 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 · 1789649066 · focus · HN ↗

         Seems pretty silly to build in deflation into a currency. It incentivises putting your money in a mattress for 100 years.

         1. eru · 1789650379 · focus · HN ↗

            During much of the industrial revolution, gold also rose in real price. But people still did business in gold standard countries.

            (Hint: the gold might be under a mattress or in a vault, but you can still an almost arbitrary amount of gold denominated debts and loans and deposits.)

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