Bitcoin Forum

Other => Beginners & Help => Topic started by: mattboston on June 28, 2011, 12:25:22 PM



Title: What happens to abandoned coins?
Post by: mattboston on June 28, 2011, 12:25:22 PM
If someone has a wallet with bitcoins in it, doesn't really matter if they got them through buying or mining.  What happens if they just decide to give up on or forget about bitcoin?  Technically the coins are still out there but if that wallet is never used then those coins can't be claimed by anyone.   I guess the same issue also happens if you lose your wallet


Title: Re: What happens to abandoned coins?
Post by: foo on June 28, 2011, 12:29:02 PM
They are lost. Same as if you burn a dollar bill.


Title: Re: What happens to abandoned coins?
Post by: bitcointraderuk on June 28, 2011, 12:34:01 PM
Gone forever!!!


Title: Re: What happens to abandoned coins?
Post by: TheSpanishGuy on June 28, 2011, 12:48:42 PM
Deflation. Prices will go down. Bitcoin will value more.


Title: Re: What happens to abandoned coins?
Post by: otomo5240 on June 28, 2011, 01:19:52 PM
Lost


Title: Re: What happens to abandoned coins?
Post by: ThomasC on June 28, 2011, 01:21:28 PM
So remember to backup your wallet!
https://en.bitcoin.it/wiki/Securing_your_wallet