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RE: The Importance of Creativity in Economies
Reminds me I heard in the news the other day there are x number of Bitcoin addresses that have been inactive for like 4 or 5 years. They are basically thought of as "lost" as in no one can control it so those are out of circulation, just like you said with your example.
The remaining coins do go up in value when the supply drops. There seems to be a lot to it though besides supply and demand. Dogecoin would seem to be something that has too much supply yet the coins are being dispersed into enough hands and have utility for moving small amounts off a variety of exchanges.