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Investing 6: Crypto & Commencement

Planet Money Summer School

CHAPTER

Lost Bit Coin

At current prices, that's more than forty billion dollars of forever sunken treasure. On one hand, it shows the most obvious problem with a ruthlessly discentralized money system. But on the other handl this lost bit coin illustrates something like paradoxical almost, about bit coin. We think of it as this ephemeral thing that can just disappear. But it's there forever, and no one's making new bit coin. There's only going to be 21 million, estimated bit coin in the history of the stuff.

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