Miss Bitcoin

[RawDog]

Dude - wtf??~  

This is Miss Bitcoin...

[kc999991]

No the Bitcoin will be lost and no one will be able to get it back as it is decentralized. Seen a lot of cases where people threw their hard disks away with thousands of bitcoins stored in there. This is one of the common examples of bitcoin missing forever.

[VitKoyn]

What happens if someone loses their bitcoin? Let's imagine that I buy 10,000,000 bitcoin for example. Does the system need to re-create those money?

If someone is careless to lose his Bitcoin without having any backup of his private key, it will be lost forever and no one can access it anymore (since private key is the only way to recover it). Anyway this is not a problem instead it will be the reason for Bitcoin price to increase because the circulating supply will be reduced while the demand are continuously increasing. Bitcoin cannot be re-created because Satoshi Nakamoto set a fixed supply for it, possible to create Bitcoin through hard forks but that is a different coin that works in a separate network like BCH.

[mOgliE]

Hi,

I think it depends on what you mean by "lose". If they lose access to their digital wallet.. then, the bitcoin on it are indeed lost. The system (and the blockchain) can allow to know where it is, but it shall remain stuck there.

Then, if you are talking about unreliable transactions with uncertain effects.. Then I am pretty sure that bitcoin cannot be lost. Stolen, maybe, but they cannot disappear!

[brokens]

What happens if someone loses their bitcoin? Let's imagine that I buy 10,000,000 bitcoin for example. Does the system need to re-create those money?

maybe many people who are careless because about losing their bitcoin. this may all be caused because not to have full security on the wallet or they bank.

if the security in their wallet is very good then for losing bitcoin may be very thin.

[Clos Belmont ICO]

If you loose them - you loose them forever, so everyone should be careful and keep them in secure place, in secure proofed wallet or even few wallets, and keep password very carefully

[Buttercup123]

Bitcoin is limited,  thus cannot be recreated therefore if one buy a huge amount and he died without anyone knowing his account details and password, the bitcoin total amount of bitcoin in the market will be lessen. The price will then increase because the btc network just follows the law of supply and demand. If there is a huge demand but less supply, then the price would be high as possible.

[Ayaancool]

If you got loss in this kind of investment I don't think so you can recover from this huge loss. And then there is no need to recreate it but it may one of the couse to increase it demand in crypto market.

[LTU_btc]

Dude - wtf??~  

This is Miss Bitcoin...

LOL, my thought was very similar when I saw title of thread
That girl claims to be Miss Bitcoin:
https://twitter.com/missbitcoin_mai

[jaggijagjit]

If any one can lost his BITCOIN then he never got back his bitcoin again. These lost bitcoins never recovered or recreate.

[darkywis]

If that's the case then it will be lost forever and the circulating supply will decrease and the price vary after that.

[sabine80]

When i understand the system right this bitcoins are lost for ever. It give no way to resume this coins. 21 Million is the max cap of bitcoin. Its never possible to make more bitcoins than this number. I read somewhere that at the moment already more than 3 Millions bitcoins are already lost for ever.

[Pasadoble]

What happens if someone loses their bitcoin? Let's imagine that I buy 10,000,000 bitcoin for example. Does the system need to re-create those money?

Not it will not be re-created, this is for sure.

[Whibu]

If we lose a lot of bitcoin and see the current price, lifelong regrets must always overshadow the journey of his life.

[etron]

What happens if someone loses their bitcoin? Let's imagine that I buy 10,000,000 bitcoin for example. Does the system need to re-create those money?

losing some bitcoin will make a sad person disappointed and regret coming because it is impossible to return if there is a machine that can return it is great, but it is not possible. if with this situation there will be no one who wants to invest again.

[cryptotricks]

That will stay lost forever. It's just like burying your fiat money on ground and its not coming back. There is this guy who must be the biggest loser of this kind who threw $127 million dollars into trash and that goes to waste management site and goes forever..

[LuckyNicky]

Dude - wtf??~  

This is Miss Bitcoin...

LOL, my thought was very similar when I saw title of thread
That girl claims to be Miss Bitcoin:
https://twitter.com/missbitcoin_mai

Wow! Such a cute girls )) If a had a chance to share with them my bitcoins

[RawDog]

Wow! Such a cute girls )) If a had a chance to share with them my bitcoins

For far, far less than a bitcoin, these girls will let you do just about anything you can think of to them.  OWO, DFK, ALevel, DT, CIM, - you name it.

[charlotte04]

What happens if someone loses their bitcoin? Let's imagine that I buy 10,000,000 bitcoin for example. Does the system need to re-create those money?

If you do not have the way to recover it through you secret seed or something let us just say good bye to your lost Bitcoins forever. And it will be a waste of supply.

[Ciscopro2000]

If you lose your Bitcoin, it’s like losing cash.  It is gone forever, unless someone finds it and willingly returns it to you.  There is no way to get a third party to replace it for you.  Thus it is critical you understand different methods to store and backup your crypto currency.