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Old 05-17-2011, 02:52 PM   #116
Scooby Specialist
Member#: 2818
Join Date: Nov 2000
Chapter/Region: MAIC
Location: Pittsburgh, PA
2000 2.5RS


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.

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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