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Author Topic: What happens to funds sent to invalid payment address?  (Read 3642 times)
DannyHamilton
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March 28, 2014, 06:38:28 AM
 #41

Yep, it get's sent back to the sender if the address is invalid but you still lose the transaction fees. But, if the address is registered and you simply typed it wrong then your coins are lost if the person doesn't return them.  Grin

Please don't listen to this person.

He is just making things up completely out of his imagination with no knowledge about how bitcoin actually works.

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Cheesus
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March 28, 2014, 06:41:19 AM
 #42

You're a complete loser if you're able to send to the not existing address - chances you will create an address from your head are slim to say the least.

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Salmon1989
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March 28, 2014, 07:33:42 AM
 #43

Yep, it get's sent back to the sender if the address is invalid but you still lose the transaction fees. But, if the address is registered and you simply typed it wrong then your coins are lost if the person doesn't return them.  Grin

Please don't listen to this person.

He is just making things up completely out of his imagination with no knowledge about how bitcoin actually works.

+1
Registered address? lol  Grin

Equate
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March 28, 2014, 07:39:23 AM
 #44

Lost forever in limbo
softron
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March 28, 2014, 08:06:41 AM
 #45

It wont send to an invalid address, if u can manipulate the address to look like its valid. Then btc sent to it is lost

krishatnet
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March 28, 2014, 12:55:42 PM
 #46

You can't send bitcoins to invalid address. If you send coins to wrong address there is no way to get them back.

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duhosnyul
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March 28, 2014, 02:41:38 PM
 #47

You can send to wrong bitcoin address but not to invalid address example: below or above allowed numbers of  characters. I think the first "1" character also matters it will became invalid if its not "1". Bitcoin send to wrong cannot be recovered if you don't have the private key.

Energycoin. eD5Kv8NxNAgge58bbyJfZpANDDJg2G7uid
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FCsxVbuZzEekqY9q9voNZHps7fnqndRfuF
Cryptomas
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March 28, 2014, 03:26:21 PM
 #48

Good to know. So we should only use copy/paste. But can the scanned QR code have a letter off?
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March 28, 2014, 05:38:39 PM
 #49

Good to know. So we should only use copy/paste. But can the scanned QR code have a letter off?

No, a QR code has internal checksums for alignment, and the addresses have internal checksums for input errors.  The odds of getting an internally correct, but still the wrong, address from a QR code scanning is astronomical.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
MoonShadow
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March 28, 2014, 05:42:22 PM
 #50

You can send to wrong bitcoin address but not to invalid address example: below or above allowed numbers of  characters. I think the first "1" character also matters it will became invalid if its not "1". Bitcoin send to wrong cannot be recovered if you don't have the private key.

The first askii character denotes the address version.  Currently, Bitcoin only recognizes two address versions, the one that you are familiar with that starts with a "1" and a testing version that starts with an "a" iirc.  The running network just ignores the "a" one unless your node is set to participate in the "testnet".  Future versions of addresses could use different keypair algos, or denote a sub-satoshi value, or have other uses such as denoting an address that can only be verfied with a script.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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March 29, 2014, 12:31:45 AM
 #51

Great, info. Love the many ways to address, address.

But my coins are still not yet redeemed. 
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