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. PowerElectronix · 1789649213 · 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. rerdavies · 1789650968 · focus · HN ↗

               > taking on debt you don't really need.

               How does that work? When inflation goes to 18%, borrowing rates go to 23%.

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