#zap ⚡️

"Lost coins only make everyone else's coins worth slightly more. Think of it as a donation to everyone."

This quote highlights the scarcity of bitcoin, with a fixed maximum supply of 21 million coins, and how the loss of coins due to forgotten passwords, hard drive crashes, or other reasons, can actually benefit the overall value of bitcoin. This is because it reduces the circulating supply, making the remaining coins more valuable. This concept is unique to bitcoin and differs from traditional fiat currency, where lost money is simply lost and has no impact on the value of the remaining currency in circulation. Satoshi's quote shows that every lost bitcoin is not necessarily a tragedy, but rather, it contributes to the stability and value of the bitcoin network as a whole.

#bitcoin #crypto #quote