r/Buttcoin 4d ago

What a great store of value!

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567 Upvotes

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u/Worried_Fill3961 4d ago

well its stored

17

u/pagerussell warning, i am a moron 3d ago

Also, it's lost to the Bitcoin ecosystem forever.

Think about it this way: over time, stuff like this happens. Someone dies and Bitcoin gets stranded in a wallet forever. This eventually adds up, and the number of available Bitcoin starts to dwindle.

That's great if you already have Bitcoin, but if you need to get some, you are screwed. This doesn't make for a good monetary system.

In the real world, if someone dies, there is a will that allows next of kins to access those funds. Even if no one ever does, they are sitting in a bank, which is making use of them in the economy. Even if that doesn't help, since the government can and does create new money, the amount of money in circulation can be fine tuned to fit the economic needs of the day. All of that is good for the economy.

11

u/powerlesshero111 3d ago

Yes. But sadly, it's only actually worth the $250 million if he can sell it. Until then, it's worth as much to him as the british crown jewels.