On 19 December 2013 10:09, Quentin Anciaux <[email protected]> wrote:
> 2013/12/18 LizR <[email protected]> > >> On 19 December 2013 08:01, Quentin Anciaux <[email protected]> wrote: >> >>> 2013/12/18 Bruno Marchal <[email protected]> >>> >>>> On 18 Dec 2013, at 09:47, Quentin Anciaux wrote: >>>> >>>> Depends on the problem you're considering, I think it can lead to a >>>>> society with more individual freedoms, for example. >>>>> >>>> >>>> I don't think it can... can you give argument how bitcoin would achieve >>>> that ? >>>> >>>> >>>> Bitcoin was not deflationist at the start, >>>> >>> >>> Yes it was and is... the number of bitcoins are finite and fixed over >>> time... There will be at most 21 millions bitcoins in circulation for >>> ever... a lost bitcoin is lost *forever*... >>> >>> I don't know much about bitcoins. Why are they limited to 21 million, >> > > By design. > > >> and if one is lost, why can't it be recreated? >> >> > Because a bitcoin cannot be recreated as the number is fixed. So if you > lose your wallet (erase it), then the bitcoins in it are lost forever... > Sorry, but that doesn't tell me why the number is fixed, and why one can't be recreated. Preferably explain in simple terms, so an idiot like me can grasp it. -- You received this message because you are subscribed to the Google Groups "Everything List" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To post to this group, send email to [email protected]. Visit this group at http://groups.google.com/group/everything-list. For more options, visit https://groups.google.com/groups/opt_out.
