Doesn't matter if it's a USB-C SSD stick (on which you can fit multiple VMs running full blockchain nodes for multiple coins, not just the wallets), microSD, CD-R, or a 5.25 inch floppy. 🤓
The solution to this problem lies in metric prefixes, just like it does for gold which also has a finite supply. And FYI people lose gold all the time, drop it in the ocean, lose it in a boating accident and so on. Limited supply isn't a problem, all it does is to contribute to a higher value.
And once there's too many decimals to properly express the price of a low valued item, you just use milliBitcoin (10⁻³), microBitcoin (10⁻⁶) or nanoBitcoin (10⁻⁹).
The alternative is to have Sleepy Joe guard your wealth, and take between 2-10% of the value every year for that "service" as a hidden fee.
So can lost Bitcoin, the real question boils down to your ability to access it. If you drop gold on the deepest spot in the ocean you know exactly where it is but you could never get it back. Another advantage of Bitcoin is the fact that you can make unlimited backups of your private key.
bitcoin is one type of crypto currency
there are hundreds of crypto currencies, most of them useless
Buy the $50,000 cabal slush tool, or get in on new ones on the ground floor.
People don't carry bitcoin in memory sticks anymore unlike 2010
Make lots of encrypted backups.
Doesn't matter if it's a USB-C SSD stick (on which you can fit multiple VMs running full blockchain nodes for multiple coins, not just the wallets), microSD, CD-R, or a 5.25 inch floppy. 🤓
The solution to this problem lies in metric prefixes, just like it does for gold which also has a finite supply. And FYI people lose gold all the time, drop it in the ocean, lose it in a boating accident and so on. Limited supply isn't a problem, all it does is to contribute to a higher value.
And once there's too many decimals to properly express the price of a low valued item, you just use milliBitcoin (10⁻³), microBitcoin (10⁻⁶) or nanoBitcoin (10⁻⁹).
The alternative is to have Sleepy Joe guard your wealth, and take between 2-10% of the value every year for that "service" as a hidden fee.
100 million satoshi = 1 BTC
So can lost Bitcoin, the real question boils down to your ability to access it. If you drop gold on the deepest spot in the ocean you know exactly where it is but you could never get it back. Another advantage of Bitcoin is the fact that you can make unlimited backups of your private key.
https://gab.com/gremillion/posts/105925483199319051
give it time? how much time?
are you using Imperial College models?
or the world will end in 2030 due to climate change models?
bitcoin is open source
anyone can look at the source code
the ledger is public
Who is the one person?
Hashed over half before algorithm was public? Can you show me where you saw this?
I think you're confusing bitcoin with another currency
none of that matters one bit
when did you friend lose his thumb drive?
as long as your friend has no regrets lol