Bitcoin has an irreparable flaw, which is its fatal flaw!

This is the Bitcoin key!

Bitcoin keys may be lost. Once the key is lost, the corresponding Bitcoin cannot be accessed or used, which is equivalent to these Bitcoins disappearing permanently and no longer belonging to anyone.

Bitcoin keys are completely different from bank accounts and passwords.

First of all, any bank account and password can be recovered if they are lost. But once the Bitcoin key is lost, it cannot be recovered at all.

Secondly, if the bank account and password are lost, they can never be recovered. But the money in this account is still in the hands of the bank and will not disappear from the earth. At most, it will be transferred from the account holder to the bank.

Bitcoin is different. The loss of Bitcoin keys not only means that the Bitcoin held by the Bitcoin holder disappears, but also that these Bitcoins disappear completely, completely disappearing from the earth.

The bank account and password are lost, but the wealth is not lost, and the total amount of wealth on the earth is not lost or reduced. If the Bitcoin key is lost, the wealth is lost, and the total amount of wealth on the earth is lost and reduced.

According to statistics, by the end of 2023, 16.7% of the 21 million bitcoins have disappeared forever due to the loss of the bitcoin key or the loss of the hard disk storing the bitcoin.

If these nearly 3.5 million bitcoins are converted into US dollars, it means that 300 billion US dollars of wealth has disappeared from the earth. This is an extremely serious problem. Bitcoin can cause the reduction and disappearance of the earth's wealth.

If one day, Bitcoin becomes the world currency, the wealth of the world will disappear.

In short, the loss of Bitcoin keys often means the loss of the Bitcoin assets associated with it forever. This is the biggest problem of Bitcoin.

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