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Old 05-17-2011, 02:52 PM   #116
dmross
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Member#: 2818
Join Date: Nov 2000
Chapter/Region: MAIC
Location: Pittsburgh, PA
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I think the economies that will initially drive this are the online gambling/poker sites. Big brother just seized a lot of money from the poker folks and they are pissed. I could see this becoming a standard token for that economy, and as long as people are playing poker and cashing out, it could be viable. It doesn't have to become a global currency that is accepted by everyone in order to succeed - or for that matter, pay out to speculators.



Quote:
Originally Posted by drkwtsn View Post
maybe this has been said..... but im going to state it anyhow....

what if someone has 100,000 bitcoins, obviously this is a lot... especially given that there are only 21mil... what if somehow, some hacker (or hell, a fire) breaks in, and destroys the computer(s) holding these coins? now since there is no tracking system, the coins are gone forever? thus there can only be a total number of 21,900,000 coins ever?
Yes, gone forever. Breakage is built into the system on purpose. Remaining coins may go up in value as a result.
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