Quote:
Originally Posted by freebeard
Not nonsense, math. It's been a white since I read the White Paper, and I forget the mechanism, but to increase the total number of blocks would require either a fork or consensus.
Don't forget that about 20% [citation needed] of all Bitcoin have been lost. The original (8 million?) in the very first block, assigned to Satoshi Nakamoto, have never been touched.
|
Bitcoin is destined to run the way of used cars, which is to say that if they are no longer made, they will disappear.
Since Bitcoin is untraceable, what happens to Bitcoin owned by people that die? If nobody knows that the deceased had Bitcoin, it seems it would be lost for sure. Even if someone does know the deceased had Bitcoin, how would they gain ownership through the will?