There's one thing that troubles me with Bitcoin

There's one thing that troubles me with Bitcoin.

Can you even imagine how many coins have been lost forever?
Some early miners lost thousands of coins simply by forgetting their existence and throwing their old computers in the trash.
FBI, for example, has confiscated bitcoins from criminals in amounts I can't even imagine. These coins are lost forever.

Now, how many coins do you think are currently in circulation? I'd say only 10% of all coins still exist today, and the troubling fact is that coins are still getting lost in cyberspace and the total amount of coins diminishes daily. I'm a member of at least 5 different markets and I always have stupid leftover amounts hanging there that are too small to withdraw or to use in any way. This sort of behavior also destroys Bitcoin.
Technically we could reach a point where only one bitcoin has survived and it's worth ten billion. Then people wake up, stop giving a shit and switch to some altcoin that actually works. Some altcoin that is inflatory, because that's how currency should be.

This is the secret you're not being told.

Enjoy the run while it lasts, but it will end.

bump for truth

>10%
Where'd you come up with that Einstein?

Nobody fucking needs to know where a lot of these coins are. Supply and demand. Also, no matter how limited the supply becomes, you can still buy fractions of coins. It's not like 99% of the coin is going to be forgotten, especially with advancing techniques in storage etc. Only fags lose their coins, the rest of us keep track of our shit.

Because 1 bitcoin is divisible to tiny amounts, it literally doesnt matter. Even if all that was left was half a bitcoin, it literally would not matter because we can deal in satoshis and the value will scale according to demand/supply

>Inflationary
>should be

Just because you grew up in an era where we fucked up gov currencies hard, doesn't mean that's the best way we can do it

You make a fairly good point. Bitcoin is like if there were a fixed amount of paper money (ie, no more printing money and only paper money allowed). Over time, people lose dollar bills or misplace their wallets of cash, etc. So theoretically given enough time, all the bitcoin eventually gets lost due to mistakes.

However, the silver lining here is that this makes bitcoin inherently deflationary. The value of your buttcoin will go up as money is accidentally removed permanently from the market. On the other hand, I think the ease of losing your wallet is a significant barrier to entry for normies. Sure, it's no problem for tech-savvy people, but think of your boomer parents who can barely operate a microwave. Do you really think a ton of these people aren't going to fuck up and lose everything because they lost their keys or forgot to backup their harddrive or a hacker got into their computer and they didn't secure their shit?

I think as time goes on and bitcooin becomes more established throughout the world, we'll start seeing more institutions that solve the problems of risk by actually being able to store your money like a bank without just getting to say "lol sry it's gone now!" Think of it like a parallel to physical money. Back in the day, banks didn't have any customer protection either. Look at how everyone lost their shit in 1929.

The issue, however, is that the banks will try implementing some form of fractional lending. They can't do it directly, as with fiat money, but they could take bitcoin and give people "tokens" exchangeable for bitcoin, and then lend out 10 tokens for every bitcoin they receive. And then we'd have a lot of the same problems as today. Best analogy I can think of is paper gold, where the market is all fucked up because people have paper bullshit they think is equivalent to and backed by gold, when in reality, the exchanges don't actually have enough gold for all the paper they're printing out.

Satoshi is the smallest amount, so if there was half a bitcoin left at current market cap that would mean that 1BTC = 90 billion dollars and 1 satoshi = 900 dollars

so... no, it wouldn't work out well

>the ease of losing your wallet is a significant barrier to entry for normies. Sure, it's no problem for tech-savvy people, but think of your boomer parents who can barely operate a microwave

This.
The only reason BTC is still under $100k per coin is because only 1% of the population has the know-how to even own BTC.
And this is how it's going to remain until government or some corporation makes cryptocurrency so accessible that it pretty much destroys the whole concept and we have banks and Paypals again, getting rich with our bitcoin.