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Title: Deposit with former Tradehill lost? Post by: GabrielZ on April 06, 2013, 02:38:07 PM In 2011, I had deposited some money with Tradehill.
As far as I can tell, they did not refund it when they shut down. (I have checked my bank statements.) So my question is: do I still own the bitcoins they bought for me? or are they lost? Best regards, Gabriel. Title: Re: Deposit with former Tradehill lost? Post by: clanie on April 06, 2013, 02:56:53 PM Must be lost, I'm afraid :(
Title: Re: Deposit with former Tradehill lost? Post by: GabrielZ on April 06, 2013, 04:30:22 PM So, I have another question - it seems like I don't understand exactly how bitcoins are stored.
I thought, once a bit coin has been created, it can never be destroyed, because it is stored in a peer-to-peer-like network. Is that wrong? Title: Re: Deposit with former Tradehill lost? Post by: optimator on April 06, 2013, 04:36:58 PM So, I have another question - it seems like I don't understand exactly how bitcoins are stored. I thought, once a bit coin has been created, it can never be destroyed, because it is stored in a peer-to-peer-like network. Is that wrong? You are correct. The blockchain (the peer-to-peer network) stores a public address. If you know the public address (we say bitcoin address) you could look on the blockchain and see your funds. However, to spend those funds you need a private key that is associated with the bitcoin address. Title: Re: Deposit with former Tradehill lost? Post by: GabrielZ on April 06, 2013, 07:16:12 PM Thanks for sharing the insights!
So I'm facing 2 problems: 1. I don't know the public address of my bitcoins; 2. I don't have a private key - or do I? Title: Re: Deposit with former Tradehill lost? Post by: optimator on April 06, 2013, 11:23:01 PM Thanks for sharing the insights! So I'm facing 2 problems: 1. I don't know the public address of my bitcoins; 2. I don't have a private key - or do I? If you don't know #1 it's doubtful you have #2.... Give TradeHill a call and ask. They seem to have a nice web site. |