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Author Topic: The Regret Thread  (Read 1881 times)
Baitty
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October 11, 2013, 11:36:58 PM
 #21

Makes one wonder how much btc is lost forever and what the true cap is because its not 21 million.

What do you mean not 21 million?
Some or well quite an amount of bitcoin will get lost. An example of this is someone losing their wallet.dat and privatekey. That bitcoin balance can never be recovered.

It's still capped to 21 milllion regardless of people losing their coins. There's still 21 million that can be generated and only 21 million will exist.

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MargaretsDream
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October 11, 2013, 11:47:21 PM
 #22

Makes one wonder how much btc is lost forever and what the true cap is because its not 21 million.

What do you mean not 21 million?
Some or well quite an amount of bitcoin will get lost. An example of this is someone losing their wallet.dat and privatekey. That bitcoin balance can never be recovered.


Good for those who still have access to their Bitcoins.
LavaWave
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October 12, 2013, 12:19:15 AM
 #23

My biggest regret, like many others is not getting involved with Bitcoin sooner. I remember a few years ago when I visited a gaming site that I would need these tokens (Bitcoin) to play with. Well I basically thought it was stupid and decided to look for another site to play on. What a mistake!
My other regret was getting scammed by Mining United when I first got into Bitcoin! Lesson learned.

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October 12, 2013, 04:00:20 AM
 #24

Should be called "I hate Hindsight thread" lol.

berupter
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October 12, 2013, 05:58:06 AM
 #25

Not knowing about bit coin sooner but the most recent regret was missing on a great deal for a 100GH/s mining rig (10x 10GH/s blades)  Shocked
cowandtea
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October 12, 2013, 09:07:15 AM
 #26

Regret buying a laptop.

marcotheminer
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October 12, 2013, 09:53:17 AM
 #27

Same as everyone! Not finding out about bitcoins earlier Tongue

Looks like we should just keep our eyes wide open for 'the next big thing' who knows, it might be something you came across yesterday but dismissed it!
hellfrozenow
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October 12, 2013, 10:57:35 AM
 #28

I only regret preordering BFL miner with Bitcoin. I should wait till these are on stock
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October 12, 2013, 11:01:09 AM
 #29

I read about Bitcoins somewhere on the Internet back when 1 BTC was $1.50. I started mining it, mostly out of pure technical curiosity, I just wanted to see it in action. After getting involved and having my wallet filled up a bit I started to think whether this could be an asset for the future and I should buy some, as mining with my CPU already wasn't really worthwhile anymore at that time. Talked it through with my girl, but our financial situation wasn't very good at that time and the maximum 1500$ we could have spent on it didn't seem to be much compared to what I knew about traditional investments. So we decided not to.

I stopped mining too and even completely forgot about BTC when I reinstalled my computer...without making a backup of my wallet.

Bitcoin got my attention again when the bubble started to grow this year and it was at $200. I remembered by decision about not buying the ~1000 BTC which would have been worth $200,000 (and still $140,000 today).

So what's your story for the Regret Thread? Maybe you have told it elsewhere already but please put it here, where it really belongs to  Wink

Probably not a popular sentiment on this forum, but Litecoin is trading at a comparable rate Wink

I noticed the same and I even got some on Cryptsy in trade for BTC when the rate was 0.025 - seemed cheap. Well, now it is as 0.015 so it doesn't look like my most clever move. Nevertheless I believe there will certainly be at least one Scrypt based coin with bigger success in the future and Litecoin is still a promising candidate. Having a good ATI card that is no longer profitable for BTC anyway I think it makes sense to use it for mining Scrypt coins. Right now I am simply trying to get a share of every Scrypt coin that is traded somewhere, every 24 hours a different coin. You never know, and I don't want to have to regret something again  Cool
eXclusiveOR
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October 13, 2013, 09:19:35 AM
 #30

Makes one wonder how much btc is lost forever and what the true cap is because its not 21 million.

What do you mean not 21 million?
Some or well quite an amount of bitcoin will get lost. An example of this is someone losing their wallet.dat and privatekey. That bitcoin balance can never be recovered.
Or course it can be recovered, just guess the private key. It will only take you approximately 384902301289235345 quintillion years, all you need is some patience  Cool

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wearepoor
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October 13, 2013, 09:29:01 AM
 #31

Makes one wonder how much btc is lost forever and what the true cap is because its not 21 million.

What do you mean not 21 million?
Some or well quite an amount of bitcoin will get lost. An example of this is someone losing their wallet.dat and privatekey. That bitcoin balance can never be recovered.
Or course it can be recovered, just guess the private key. It will only take you approximately 384902301289235345 quintillion years, all you need is some patience  Cool


OR wait few decades and use quantum computer (fingers crossed !)

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eXclusiveOR
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October 14, 2013, 06:09:09 PM
 #32

Makes one wonder how much btc is lost forever and what the true cap is because its not 21 million.

What do you mean not 21 million?
Some or well quite an amount of bitcoin will get lost. An example of this is someone losing their wallet.dat and privatekey. That bitcoin balance can never be recovered.
Or course it can be recovered, just guess the private key. It will only take you approximately 384902301289235345 quintillion years, all you need is some patience  Cool


OR wait few decades and use quantum computer (fingers crossed !)

I wonder if these would be actually good with hashing algorithms. If they are the rise of quantum computers for consumers would probably just mean the end of Bitcoin (and the rise of a coin that puts a strong enough challenge on quantum computers again).

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tspacepilot
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October 14, 2013, 09:57:15 PM
 #33

Yeah, my regret is generally that I didn't get more bitcoins earlier.  I woulda bought a house.

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October 14, 2013, 10:12:18 PM
 #34

I wonder if these would be actually good with hashing algorithms. If they are the rise of quantum computers for consumers would probably just mean the end of Bitcoin (and the rise of a coin that puts a strong enough challenge on quantum computers again).


Not for the concept, although the bit size of the private key will must go up, up and up as better models of quantum computers with more qbits will be possible. Though it will mean increase of blockchain file

 

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b!z
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October 15, 2013, 10:29:59 AM
 #35

I heard of BTC in late 2010, but I deleted Bitcoin-QT because the blockchain took too long to download. I started to gain interest in BTC in 2011, but I didn't buy much BTC in 2011 either. Sad
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October 15, 2013, 10:30:49 AM
 #36

I heard of BTC in late 2010, but I deleted Bitcoin-QT because the blockchain took too long to download. I started to gain interest in BTC in 2011, but I didn't buy much BTC in 2011 either. Sad
Damn, bro. You did the same stupid thing as me Tongue

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