Does that mean that one day in the future if we use the same rate of loss as we currently estimate, most bitcoin will be lost forever? Then what?
Does that mean that one day in the future if we use the same rate of loss as we currently estimate, most bitcoin will be lost forever? Then what?
Hi Charlz,
Not really, i guess it is related to the Bitcoin price, when you had, let's say, 10BTC in your wallet end of 2011, it was worth 15$ each, for a total of let's say, 150$.
You could forget to backup them or lost them without a second thought, not a big deal ...
Now, it would be worth almost 30000$, so you would be extra cautious not to lose them.
The bitcoin "issue" is that most of the actual circulating BTC were generated in the early years, and during those years, people were not cautious about something that was worthless.