Eventually the available amount of Bitcoin will go to zero. This is because it is inevitable that people keep losing some Bitcoin every year because of password loss. Therefore it is a mathematical certainty that the available amount of Bitcoin of the total 21 million will continue to decline every year. In fact it is completely unknown how many Bitcoin have already been lost forever by being sent to erroneous addresses where the owner had no password or by being locked up and devices without passwords. There could be significantly less than 21 million Bitcoin already available because of past losses. Most of the losses probably came in the earliest days when Bitcoin was under a penny and people were quite careless with their Bitcoin.
First off bitcoin has no inherent value. It started out as a nice iou for doing opensource work but that turned quickly when the government seized silk road
You sound like someone who just learned about Bitcoin 10 years ago.
The value of Bitcoin is a store of proven value that can be recognized and proven to others and that cannot be controlled by government or institutions.
It's like a letter of credit or the printed number at the bottom of your bank statement that says how much money you have. It's real and it has inherent value. And people spend it every day. And there are billionaires alive today because of their inherent value in the early Bitcoin that they got. And it's still going up and the next halvening is in April.
It's Jew free money. Jews don't control it that's why they hate it. If you believed all the hype that you told you about Bitcoin then you probably are also vaccinated.
The number one reason I have seen people losing Bitcoin is too much security. They get so scared someone's going to steal their Bitcoin that they get those hardware wallets or all their multiple things to secure their bitcoins and then they themselves forget how to get into the bitcoin.
Just a reminder that overtime it's a mathematical certainty that all Bitcoin will be lost. If even half of 1% of Bitcoin is lost every 10 years since there were only ever be 24 million Bitcoin then it is an absolute certainty that at one day in the future the last Bitcoin will be lost from a forgotten password.
[ + ] Crackinjokes
[ - ] Crackinjokes 0 points 1.4 yearsDec 24, 2023 05:18:40 ago (+0/-0)
[ + ] KyleIsThisTall
[ - ] KyleIsThisTall 1 point 1.5 yearsOct 31, 2023 04:51:42 ago (+1/-0)
First off bitcoin has no inherent value. It started out as a nice iou for doing opensource work but that turned quickly when the government seized silk road
[ + ] Crackinjokes
[ - ] Crackinjokes 0 points 1.5 yearsOct 31, 2023 06:09:44 ago (+0/-0)
[ + ] Crackinjokes
[ - ] Crackinjokes -1 points 1.5 yearsOct 31, 2023 06:14:15 ago (+0/-1)
The value of Bitcoin is a store of proven value that can be recognized and proven to others and that cannot be controlled by government or institutions.
It's like a letter of credit or the printed number at the bottom of your bank statement that says how much money you have. It's real and it has inherent value. And people spend it every day. And there are billionaires alive today because of their inherent value in the early Bitcoin that they got. And it's still going up and the next halvening is in April.
It's Jew free money. Jews don't control it that's why they hate it. If you believed all the hype that you told you about Bitcoin then you probably are also vaccinated.
[ + ] Crackinjokes
[ - ] Crackinjokes 1 point 1.5 yearsOct 31, 2023 06:11:14 ago (+1/-0)
Just a reminder that overtime it's a mathematical certainty that all Bitcoin will be lost. If even half of 1% of Bitcoin is lost every 10 years since there were only ever be 24 million Bitcoin then it is an absolute certainty that at one day in the future the last Bitcoin will be lost from a forgotten password.
[ + ] Conspirologist
[ - ] Conspirologist [op] -1 points 1.5 yearsOct 31, 2023 06:17:35 ago (+1/-2)