Police Say No Foul Play In Death of Bitcoin Exchange CEO Autumn Radtke
An anonymous reader writes with this excerpt: "The CEO of a virtual-currency exchange was found dead near her home in Singapore. A police spokesman said Thursday that initial investigations indicated there was no suspicion of 'foul play' in the Feb. 26 death, meaning officers do not suspect murder. The spokesman said police found 28-year-old Autumn Radtke, an American, lying motionless near the apartment tower where she lived. Police have so far classified the death as 'unnatural,' which can mean an accident, misadventure, or suicide." Hat tip to Jamie McCarthy for Slate's thoughtful take on Radtke's death, and the way it's been reported (notably, several sources have speculated that her death was a suicide, with little support).
How long would it take to eliminate enough bitcoins to make the currency unworkable? If many people with large amounts of BC die without revealing the location and passwords to their cold-storage wallets, a shrinking pool of tradable bitcoins would eventually render it inefficient, yes? Or will BC simply be expanded in subdividion, leading to massive deflation over time (in bitcoin value - an oz of gold = 1BC today, but maybe it would only be worth 0.01BC in ten years, or 0.00001 in a hundred, due to a smaller pool of tradable coin)
Is it just my observation, or are there way too many stupid people in the world?