This is like a company setting fire to your money when you handed it to them in the wrong way. You don’t have it and they don’t have it (and so they can’t give you a product or service in return).
However, as Bitcoin has a finite supply, this will never be recovered and comes with a slightly deflationary effect. One day all Bitcoins will be held by nobody.
Gregory's Server
@croyle @dave_andersen I think it’s worse than Coinbase taking your money.
This is like a company setting fire to your money when you handed it to them in the wrong way. You don’t have it and they don’t have it (and so they can’t give you a product or service in return).
However, as Bitcoin has a finite supply, this will never be recovered and comes with a slightly deflationary effect. One day all Bitcoins will be held by nobody.
It’s economically moronic.