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Author Topic: Backup wallet and lost bitcoins.  (Read 3225 times)
Rawrr00
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April 09, 2011, 02:03:24 AM
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Hello!
I have two questions, maybe they were answered somewhere but I could not find it , sorry!

1: What happens if I delete my wallet and dont recover it, my bitcoins are lost? This means that , eventually,  the 21M Bitcoins can disapear?
The Unites States of America prints money from time to time. But it's won't be the case of Bitcoins, isn't this a problem?


2: I want to make a ''Bank Wallet'' and a ''Small Wallet''
Can I just sent money to my bank wallet without having to worry about it or will I have , one day, to open the client using the Bank Wallet so that it can receive the Bitcoins?  I really would like it if I could just crypt my Bank Wallet and recover it only when I feel like withdrawing.



Thanks for answering!!

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NghtRppr
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April 09, 2011, 02:09:32 AM
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1: What happens if I delete my wallet and dont recover it, my bitcoins are lost? This means that , eventually,  the 21M Bitcoins can disapear?
The Unites States of America prints money from time to time. But it's won't be the case of Bitcoins, isn't this a problem?

Bitcoins can be lost forever, yes. In that case, all the other Bitcoins in existence go up in value. Since Bitcoins can be divided into .00000001 increments (technically, not currently in the mainstream client), we won't have to worry about running out for a while.


2: I want to make a ''Bank Wallet'' and a ''Small Wallet''
Can I just sent money to my bank wallet without having to worry about it or will I have , one day, to open the client using the Bank Wallet so that it can receive the Bitcoins?  I really would like it if I could just crypt my Bank Wallet and recover it only when I feel like withdrawing.

You have to open a client with the bank wallet at least once to create it and get an address. After that, you don't have to keep the client running to receive incoming transactions. You can shut it down and back up that wallet. Then later, when you run the client again with the bank wallet, the transactions will all show up all at once* when you open the client.

*After downloading all the blocks.
Rawrr00
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April 10, 2011, 12:18:34 AM
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we won't have to worry about running out for a while.


For a while?? Perfect system is not perfect anymore ! Tongue


 Thanks for answering my questions !
bitlotto
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April 10, 2011, 12:55:06 PM
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we won't have to worry about running out for a while.


For a while?? Perfect system is not perfect anymore ! Tongue


 Thanks for answering my questions !
2,100,000,000,000,000 units should be enough for a very long time!

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Alex Beckenham
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April 10, 2011, 12:59:10 PM
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At least 130 years anyway... hmm maybe not.

Jim Hyslop
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April 10, 2011, 06:42:01 PM
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Quote
we won't have to worry about running out for a while.


For a while?? Perfect system is not perfect anymore ! Tongue


 Thanks for answering my questions !
2,100,000,000,000,000 units should be enough for a very long time!
Hmmm... is that a deliberate reference to Bill Gates' infamous remark "640K ought to be enough for anyone"?

In any case, this question comes up rather frequently, so I've added a section to the FAQ to answer it: https://en.bitcoin.it/wiki/FAQ


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