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Author Topic: Lost coins on every chain  (Read 198 times)
ghatts
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June 08, 2017, 10:57:18 PM
 #1

I was wondering how blockchains lost tokens.

What I mean is, lets say someone loses a private key, or the JSON, or something else happens.

The coins inside that wallet, on every chain, they are officially lost, is there a way for chains to verify that?

They will never be used, or transferred. Would there be a way for an audit to verify that and effectively reduce the amount out there on the chain?

I understand the difference between total tokens and "active" tokens, but it is kind of pointless to factor those in anymore.

Even in the event that an attacker gains more than 50% of the network's computational power, only transactions sent by the attacker could be reversed or double-spent. The network would not be destroyed.
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khufuking
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June 08, 2017, 11:07:47 PM
 #2

Well there is a difference between inactive and lost . there is a lot of people that keep there real stash untouched for so long > now you can not count

this as lost because it is just inactive but someone out there own them and will use them anytime they want . i think there is no way to mark token

as lost what will be the rules !! i do not think it will ever happen .


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stealth.money
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June 08, 2017, 11:52:17 PM
 #3

I was wondering how blockchains lost tokens.

What I mean is, lets say someone loses a private key, or the JSON, or something else happens.

The coins inside that wallet, on every chain, they are officially lost, is there a way for chains to verify that?

They will never be used, or transferred. Would there be a way for an audit to verify that and effectively reduce the amount out there on the chain?

I understand the difference between total tokens and "active" tokens, but it is kind of pointless to factor those in anymore.

If you lost private key, or the JSON then it is going to lost forever.

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