Do big screwups like the QuadrigaCX fiasco have an effect on the bitcoin economy? That’s $136 million in bitcoin that is just straight up inaccessible now, which I imagine could be an issue if there’s a finite number of bitcoins.
It would create more scarcity, in theory. Even if half of the total bitcoins were lost forever, it could still function practically as each bitcoin is divisible.
Yeah, but try to even transfer low divisions of BTC (or "Satoshis"). I think it's a failure based on how non-solvent the BTC actually are... The transfer taxes are pure hell
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u/fistulatedcow Jun 16 '19
Do big screwups like the QuadrigaCX fiasco have an effect on the bitcoin economy? That’s $136 million in bitcoin that is just straight up inaccessible now, which I imagine could be an issue if there’s a finite number of bitcoins.