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RE: Will price of Bitcoin rise above 50k USD in the next decade?

in #cryptocurrency7 years ago

Great analysis, the only true obstacle for me are the "burnt" and lost coins... there should be an alternative to get them back into the chain and moving again... Currently I do not see a credible and honest solution for that issue

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That will be like opening a Pandora's box. It can lead to many frauds and Bitcoin loosing its credibility. There should be measure to make sure that people don't loose coins. I Am not sure how that is going to be :P

Even when the coins are burnt it is not a problem to the overall blockchain as it would reduce the inflation and lead to an effective increase in prize which will earn greater dividends for others who are holding bitcoins.

I understand your reasoning, I was just brainstorming about it... Time will tell

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