[ N00b Question of the Day] What happens if I send BTC to someone and ...

[bbit]

their wallet is stolen , erased or removed does the transaction tell me so ?

Thanks!

[1714822598]

1714822598

[Yankee (BitInstant)]

Hey man!

I'm unsure at which point it was stolen, but all transactions are tracked in the block count. Do you know his BT address? You can use BlockExplorer.com i.e. http://blockexplorer.com/address/1GtkcbznYop1AeQ9mEqmEgm6BYeWgbYGUp

[Maged]

their wallet is stolen , erased or removed does the transaction tell me so ?

Thanks!

Nope. The transaction will go through like any other. If the wallet was lost, the coins will never be able to be claimed.

[bbit]

Hey man!

I'm unsure at which point it was stolen, but all transactions are tracked in the block count. Do you know his BT address? You can use BlockExplorer.com i.e. http://blockexplorer.com/address/1GtkcbznYop1AeQ9mEqmEgm6BYeWgbYGUp

this was hypothetical thank god! thanks for replying!

[GlenBot]

I'm pretty sure that once you send it, it remains Sent forever, from your perspective, thereby giving the rightful owner a chance to claim it.

[bbit]

their wallet is stolen , erased or removed does the transaction tell me so ?

Thanks!

Nope. The transaction will go through like any other. If the wallet was lost, the coins will never be able to be claimed.

Wow, BTC lost forever hey ? the bitcoin grave

[bbit]

one other question ....so there is noway ever to confirm someones wallet right ? like they are the rightful owners?

[grue]

one other question ....so there is noway ever to confirm someones wallet right ? like they are the rightful owners?

wallets just contain private-public key pairs. Theres no real way to "prove" that a particular key belongs to someone.

[bbit]

Thanks Grue for that.

So when I look at this block http://blockexplorer.com/address/1GtkcbznYop1AeQ9mEqmEgm6BYeWgbYGUp    I see ledger and Balance of 215.26429068 - so I'm assuming if I send to this payment address 1 BTC it is now 216.26429068   when I check back ?