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<p>[QUOTE=&quot;jackeen, post: 149371, member: 5683&quot;]If in each transaction involving coin X, there is a .01 (1%) chance it will be removed from circulation by a collector, after 100 transactions, the odds the coin will still be in circulation are (1 - .01)^100 = .366 (36.6%)</p><p><br /></p><p>After 1000 transactions, the odds it will still be in circulation are (1 - .01)^1000 = .0000432 (.00432%)</p><p><br /></p><p>If 1,000,000 coins of type X are placed into circulation, and while in circulation, each has a 1% chance of being removed by a collector in each transaction in which it is involved, after each is involved in 100 transactions, the number remaining in circulation then will be 1,000,000 x .366 = 366,000. After each is involved in 1000 transactions, the number in circulation will be 1,000,000 x .0000432 = 43.</p><p><br /></p><p>This assumes that each coin, once removed from circulation, never returns to it, that all coins experence the same velocity of circulation, and that I&#039;m not too drunk to be doing math.[/QUOTE]</p><p><br /></p>

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