Lost Bitcoins?

[Duomo]

Who knows whether or not these coins are ever seen again. What is known is if you have some bitcoins in your possession, you should do the best you can do to keep them safe.

[fuathan]

I think according to BTC security policy there is no come back for lost coins. This rule also important for money's first rule: "scarcity". Scarcity makes btc valuable like real gold.

[Yakamoto]

I think according to BTC security policy there is no come back for lost coins. This rule also important for money's first rule: "scarcity". Scarcity makes btc valuable like real gold.

If you have access to the private key, either through writing, memorization, or otherwise, it is possible to recover Bitcoin. it is even possible to recover a private key with the last 2 missing digits, as long as you aim to brute force your way into the wallet. Past that, it is either luck or a lot of computing power.

I can put 100 BTC on an HDD and smash it over and over again, I can just pull up my account on another computer as long as I have the private key.

Oh the wonders of blockchain technology.

[Kisleav]

It hearts, I lost a few to terabox but how about 7500 , that hearts

[jethrorn99]

Holy shit, 7500 bitcoin....

He could buy a mansion and a mercedez and retire in peace.

Well, that's good for us since the price of btc will rise.

Poor James

[Amph]

they will help the other have more value, so see them as a donation, it's also what satoshi said at the time

I think according to BTC security policy there is no come back for lost coins. This rule also important for money's first rule: "scarcity". Scarcity makes btc valuable like real gold.

there is a difference between scarcity and limited, gold is not limited, it's only harder to mine, but it can be possible infinite if we consider other planet....

[rinhunter]

I have never experienced a loss of BTC.
I don't know, it seems like if I imagine it feels sad, bitcoin that you have gathered quite a long time and BOOM! lost in just 1 day. 

[Denker]

What do you think about lost btcs?.. James Howells's story is very heart breaking. (He lost 7500 BTC with his harddisk 2 years ago )

Lost btcs in harddisks or hard wallets increase btc price eventually.

Well cases like this one have happened a lot in the early days I get. People who were curious mined some coins,, or bought them very cheap and forget about them over the years. Then one day the read about Bitcoin again in the news and if they still had their hd drive with the wallets, they mostly lost the passwords and private keys.
To have an effect on the price there have to be more than just 7500 lost coins. Ans there are more coins lost. I'd say, including satoshi's coins, maybe around 1,5 to 2  million coins could have been lost.

[bob123]

A lot of people probably still lose BTC this way (By buying new pc/smartphone, whatever).

[howelzy]

.