Avatar
Carl B Menger 1y ago

One #Bitcoin is always worth the same, namely 1/21,000,000. It is the fiat currency that fluctuates and loses value over time, because new notes are printed daily.

Phew

Reply to this note

Please Login to reply.

Discussion

f8
f849d88a... 1y ago

That's partly true. What is the estimated amount of "lost" and unrecoverable BTC due to sat-dust on wallet purge, or from lost keys, or even simple abandonment? Let's call this value LOST_BTC.

I think 1BTC = (2.1*10^7 - LOST_BTC). Thus 1BTC is worth more than 1/21,000,000.