This is the kind of thing I'm talking about when I say that Bitcoin is doomed to deflation.
Discussion
it's not a Bitcoin issue
it's a personal security issue
a multi-sig death-man's switch might fix this
Where there are people involved, and those people are able to permanently destroy the currency with no way to undo the damage, it actually does become a currency issue.
i think not. and what i highlighted is just one of the many things to consider against your catastrophic tought
bitcoins is issued in a very sophistication and distributed way over time until 2140, price will go up, less sats need to be spent (bitcoin circular economy-wise) as time moves on, people will adjust time preference and will be more carefull as things move up, people will adjust.
lots of bitcoin data already show a rather natural organic distribution signaling a self-regulating system.. in my experience.
and in case of that catastrophic situation noderunners/miners will in concensus decide on some magic internet money ruleset to mitigate the risk attached to what you're saying.. i think.
we'll see.
You dodged my point and rambled about a bunch of other stuff.
There will never be more than 21 million Bitcoin. People can destroy it (how much already has been, I wonder?).
It is inherently deflationary.
21 million is all that counts. The rest doesn’t really matter.