I'm going to throw away my keys to 1000 of my BSV so I can make my other BSV more valuable through scarcity.
Post by twetch#16592
I’m curious how many BSV have been lost, forgotten or are unattainable.
What the chain says
- Block
- 622 282
- Time
- 2020-02-16T06:01:16Z
- Signer
- 16Wa4DdaWeTWJtfWomHZHRXwGE1wLfH34U
- App
- twetch
- Type
- post
- Content type
- text/plain
- Name in tx
- twetch#16592
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
Signed by
16Wa4DdaWeTWJtfWomHZHRXwGE1wLfH34U VerifiedReplies (6)
In 2017 a study estimated 4 million Bitcoin had been lost at that point. So I would guess at least 4-4.5 million BSV are lost.
I think the main difference between BSV and BTC will be that BSV will be used so much that demand for it will be high (making it scarce) and BTC will be hoarded and not used at all (making it scarce). Both scenarios create scarcity.
No one will horde BTC. It will cease to exist ,when the mining profitability of BSV kills it.
Well, if people aren’t able to sell it then they will be forced to hold it. 😂 I totally see what you mean though. Could you imagine seeing BSV flip BTC? That would be such an iconic moment.