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A comment on What the Crypto Crowd Doesn’t Understand About Economics. Parent comment

Re:What the Crypto Crowd Doesn’t Understand About Economics by dasudasu on Tuesday June 22, 2021 @11:31AM (#27592951)
It is, after all bitcoins are eventually mined, because some private keys get irretrievably lost and those coins can therefore never be recovered.
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Re:What the Crypto Crowd Doesn’t Understand About Economics by djbebs on Tuesday June 22, 2021 @11:37AM (#27593041)
2 things:

- bitcoin tends towards 21 million mined bitcoin, but just like mathematical limits that means that it will continue mining some bitcoin essentially forever (progressively smaller and smaller amounts).

- people forgetting or losing their keys doesn't make bitcoin deflationary anymore than it makes the USD deflationary. Furthermore that is not something inherent to bitcoin, but simply a practical result.

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