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Author Topic: Deposit with former Tradehill lost?  (Read 441 times)
GabrielZ (OP)
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April 06, 2013, 02:38:07 PM
 #1

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.
clanie
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April 06, 2013, 02:56:53 PM
 #2

Must be lost, I'm afraid  Sad
GabrielZ (OP)
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April 06, 2013, 04:30:22 PM
 #3

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?
optimator
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April 06, 2013, 04:36:58 PM
 #4

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.


GabrielZ (OP)
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April 06, 2013, 07:16:12 PM
 #5

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?

optimator
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April 06, 2013, 11:23:01 PM
 #6

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.

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