Miss Bitcoin

[Wicked17]

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?

No, that missing bitcoin will be lost forever, there is no chance to retrieve it unless the owner of that coin will remember the private key of that wallet. So its better to forget your girlfriend than forgetting your bitcoin wallet that contains 10000000 btc lol. Say bye bye to those coins.

[1714781022]

1714781022

[jeni99]

the lost will not return.
stay a way to keep it from missing.
many factors make us lose bitcoin inside wallet.
one of them.
This is the most common error experienced by Bitcoin Users. They visit an apparently genuine wallet website originating from a link sent to their E-mail. Do not click on the link in the E-mail asking you to login to your wallet, it's almost certainly fake. And make sure your wallet web address is correct! Also just use a trusted web wallet.

[cynical]

Because bitcoin is not a physical item they cannot be reissued.
They are either with you or with someone else.
They are not going to be on the table or in the drawer 
Once you have your coins it is up to you to make sure you either spend them properly I.E send them to the correct addresses and to the correct recipient,
or you store and secure them safely

[Ranly123]

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?

No, those lost bitcoin cannot be replaced and if that happens then it could make the price of bitcoin rise. Since there will be limited amount of supply in bitcoin, then we have to secure every bit of it. But since the system knows where those bitcoin is then it would serve as hodlings and posibly cannot be recreated.

[matuson]

If theoretically to assume that a mechanism will be established to recreate the missing coins; then who will control it? What happens if you then find the lost coin? No coins cannot be recreated. Any system which makes use of the human factor are not protected from abuse. That is why I think the bitcoin system should work without the possibility of outside influence and rule changes. But the constant upgrading of software needed. Without it bitcoin would not be convenient to use.

[LeonardoDiCrypto]

You should learn English to properly formulate your threads. I thought this would be a thread dedicated to a beauty contest where you would elect Miss Bitcoin. Which by the way would have been an original thread at least.

[Nilda]

The winner of the inaugural Miss Bitcoin beauty pageant will get the Satoshi Nakamoto Trophy and 100 bitcoins.

[Dudeperfect]

Bitcoin is based on a decentralized blockchain technology and hence public ledger called locks are maintained by each and everyone involved in the Bitcoin network. Thus, if you want to transact using Bitcoin then you should have private keys to access Bitcoin funds through which you can broadcast your transaction for the Bitcoin network in order to confirm the same. However, if you are losing the private keys containing Bitcoins in the wallet then there is no way to spend those funds. Remember those Bitcoins will be there in those wallets but since no one will have the private keys to spend those coins, that wallet/Bitcoin will be locked forever.

[HasHe]

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?

Its not like paper money to get reprinted and sent for circulation.Its a crypto currency having a limited supply which remains unchanged.If some bitcoins are lost due to the loss of the password,then they would just remain idle forever until we recover it by remembering our password.

[yanesna3]

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 somebody loses his Bitcoins, he will not get them back. Unfortunately we all heard about these sad stories. Some guys lost millions of dollars on it, and they could not change the situation. The way out will be to buy BTC again and start your business again.

[shasimiky]

I hear that there are also a number of tutorials to recover bitcoins in cases of technical difficulties or You can lost billion dollars 

[justspare]

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?

No, those lost bitcoin cannot be replaced and if that happens then it could make the price of bitcoin rise. Since there will be limited amount of supply in bitcoin, then we have to secure every bit of it. But since the system knows where those bitcoin is then it would serve as hodlings and posibly cannot be recreated.

Practically, it should not be impossible for the core to develop or release more Bitcoins than we already have but again the question is would the team increase the amount of Bitcoin or not and I think we all know the answer already. No new Bitcoin are going to be created. Therefore once someone has lost this digital asset, it is as good as dead. He can never ever bring it back .no one can.

[Ada567]

Lost lost, will not help you re-create, unless more than buy.

[juiceannabel]

that is the worst scenario.
but i think if that happen, the bitcoin balance will stay there forever.
No ones can save the balance, then it will decrease the bitcoin circulating supply

[Spades77]

From what I know, we can never re-create lost Bitcoin. Once it is lost, it will remain forever lost. The supply of Bitcoin is constant, 21 million. so lost bitcoins will have an effect on the supply and demand of Bitcoin in the market, hence affects its value. 

[G2z_Riya]

Lost is lost forever, this is the unique thing that is found in bitcoin compared to many other sources that are available for the purpose of investing as well as to serve as a transaction medium between the sender and the receiving person. The lost coins will get added to the list of number of coins mined.

[shimbark123]

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?

They won't be "re-create" again. Once lost, it is all gone forever. That is why it is really needed for you to double, triple check everything. I lost a big amount of money just by transferring of fund. About .3 btc. I regret that because I didn't rechecked the btc address. It was now gone.

[Shrinath]

The creation of Bitcoins had to implement an extremely organized technology behind the security of the Bitcoins being created. It’s extremely improbable, and effectively impossible to recover Bitcoins once they are lost. This is what the security of Bitcoin is actually based on. If you’ve lost your private key, the system is so secure that you may not be able to recover it. However, recovery is possible if you remember an inkling of your password. But, if you were pretty sure that your passphrase contained words from a sentence from ‘The Return of the King’, but you’ve forgotten which page, then Wallet Recovery Services my be able to provide help.

[chickenfried12]

whis one is miss bitcoin left or right and i really miss bitcoin are looking very nice can we trade them

[mutrang23]

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?

Those money will stay lost forever and the price of BTC will increase even more as the demand will increase as well.

I also think that as the request from the market increases, but the supply decreases, the price of the bundle will start to increase and may increase more than ever.