On 19 December 2013 10:09, Quentin Anciaux <allco...@gmail.com> wrote:
> 2013/12/18 LizR <lizj...@gmail.com> > >> On 19 December 2013 08:01, Quentin Anciaux <allco...@gmail.com> wrote: >> >>> 2013/12/18 Bruno Marchal <marc...@ulb.ac.be> >>> >>>> 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 everything-list+unsubscr...@googlegroups.com. To post to this group, send email to everything-list@googlegroups.com. Visit this group at http://groups.google.com/group/everything-list. For more options, visit https://groups.google.com/groups/opt_out.
