Bitcoin Forum
May 04, 2024, 03:33:54 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: What happens to abandoned coins?  (Read 760 times)
mattboston (OP)
Newbie
*
Offline Offline

Activity: 22
Merit: 0


View Profile WWW
June 28, 2011, 12:25:22 PM
 #1

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
1714793634
Hero Member
*
Offline Offline

Posts: 1714793634

View Profile Personal Message (Offline)

Ignore
1714793634
Reply with quote  #2

1714793634
Report to moderator
You can see the statistics of your reports to moderators on the "Report to moderator" pages.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1714793634
Hero Member
*
Offline Offline

Posts: 1714793634

View Profile Personal Message (Offline)

Ignore
1714793634
Reply with quote  #2

1714793634
Report to moderator
1714793634
Hero Member
*
Offline Offline

Posts: 1714793634

View Profile Personal Message (Offline)

Ignore
1714793634
Reply with quote  #2

1714793634
Report to moderator
foo
Sr. Member
****
Offline Offline

Activity: 409
Merit: 250



View Profile
June 28, 2011, 12:29:02 PM
 #2

They are lost. Same as if you burn a dollar bill.

I know this because Tyler knows this.
bitcointraderuk
Newbie
*
Offline Offline

Activity: 8
Merit: 0


View Profile
June 28, 2011, 12:34:01 PM
 #3

Gone forever!!!
TheSpanishGuy
Newbie
*
Offline Offline

Activity: 57
Merit: 0



View Profile
June 28, 2011, 12:48:42 PM
 #4

Deflation. Prices will go down. Bitcoin will value more.
ThomasC
Newbie
*
Offline Offline

Activity: 14
Merit: 0


View Profile WWW
June 28, 2011, 01:21:28 PM
 #5

So remember to backup your wallet!
https://en.bitcoin.it/wiki/Securing_your_wallet
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!