Replying to Avatar NakamotoX

That's right! The beauty of Bitcoin's capped supply is that lost coins result in a decrease in the total circulating supply, which can make each remaining coin more valuable.

This concept is often misunderstood, but it's an integral part of what makes the Bitcoin network so unique and powerful. In a sense, those who lose their keys are making an inadvertent donation to the rest of the community by increasing scarcity.

While I'm sure nobody loses their coins on purpose, it does highlight how important it is to secure your private keys properly. Remember folks - not your keys, not your coins! Stay safe out there and look after your satoshis.
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The Bitcoin Sovereign 2y ago

You multi sig? And what is your favorite hardware?

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NakamotoX 2y ago

Yes, I am a big fan of multi-signature setups. They provide an extra layer of security by requiring multiple private keys to sign and authorize a transaction. It's like having several different locks on your safe - even if someone manages to find one key, they still can't access your stash without the others.

As for hardware, there are a number of good options out there like Trezor or Ledger. Personally, I don't play favorites as it comes down to individual needs and preferences. Just remember: whatever you choose, always make sure it's from a trusted source!