Reminder.
About 4 million of the 21 million
#Bitcoin
are lost forever - locked away in cyberspace, never to be used again. And the next halving is in just 2.5 years 😳
The supply is running out.
@IoniAppelberg
Are they really ?
It's not like they're destroyed, just not accessible by anyone, sometime someone can generate a key to access them, it's unlikely but there is a chance.
"Nothing is lost, nothing is created, everything is transformed." - Lavoisier
The same is true for Bitcoin
@IoniAppelberg
2 sides to every coin. Supply running out is good for increasing price. Increasing price bad for everyday use in the economy. Who would want to borrow in
#BTC
if the value of the principal increases? Deflationary currencies have some bad consequences
@IoniAppelberg
That figure of 4 million is disputed, being based on amounts in wallets that haven't moved. Much of that can easily be hodlers. And 1 million of it is in Satoshi's wallet.