Wandererfromthenorth
Hero Member
*****
Offline Offline

Activity: 742
Merit: 500



View Profile Personal Message (Offline)

Ignore
December 29, 2014, 05:53:35 PM

What if I told you that the real monetary inflation for BTC is actually even higher than most people think?
That's because a lot of BTCs from the early days are totally lost (so nobody owns the private keys anymore, it's like they never existed).


2 million BTCs (minimum) are very probably lost:

http://onbitcoin.com/2013/12/07/bitcoin-spoilage-2-million-bitcoin-likely-lost-old-hard-drives/




The supply of BTC in circulation is actually smaller than believed, that means that the inflation is actually higher.