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Topic: Lost bitcoins (Read 440 times)
dunisq
(OP)
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Lost bitcoins
November 12, 2013, 12:41:39 PM
#1
I was wondering about lost wallets. Currently there are almost 12M bitcoins in circulation. I think already large amounts of bitcoins are lost forever because of lost passwords for wallets, hard drive crashes and lack of backups or just simply deleted wallet.dat files. This number is inevitably growing.
What do you think how many of them is actually lost? Are there any plans by the community to improve the protocols to avoid these situations? I think most of the people who start using bitcoins don't know how important is to back up your wallet.
CIYAM
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Ian Knowles - CIYAM Lead Developer
Re: Lost bitcoins
November 12, 2013, 12:43:35 PM
#2
This question gets asked at least once per month and the answer is generally the same:
The more bitcoins that are lost - the better - as you are making the rest of our bitcoins more valuable!
With CIYAM anyone can create 100% generated C++ web applications in literally minutes.
GPG Public Key
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1ciyam
3htJit1feGa26p2wQ4aw6KFTejU
dunisq
(OP)
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Re: Lost bitcoins
November 12, 2013, 12:52:28 PM
#3
Oh i should've searched the forum first.
Thanks for the answer.
Martijnvdc
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Re: Lost bitcoins
November 12, 2013, 01:18:03 PM
#4
There will only be a limited amount of bitcoins that can be mined. So lost bitcoins simply means it'll be even more scarce, meaning the value increases.
Gator-hex
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Re: Lost bitcoins
November 12, 2013, 01:18:25 PM
Last edit: November 12, 2013, 01:53:03 PM by Gator-hex
#5
Don't worry about, it each 1 Bitcoin = 100,000,000 Satoshis = 2.1 Quadrillion total Satoshi coins!
If you lose yours it just helps mine gain in value.
"MtGox was.. attacked by the government" - Jim Rickards (Author of Currency Wars/Pentagon currency war games.)
elephantas1
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⇾
Re: Lost bitcoins
November 12, 2013, 01:30:01 PM
#6
ok
Maple
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Re: Lost bitcoins
November 12, 2013, 01:40:02 PM
#7
Yeh losing btc is good for us
MakeBelieve
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Re: Lost bitcoins
November 12, 2013, 01:43:35 PM
#8
Quote from: CIYAM Open on November 12, 2013, 12:43:35 PM
This question gets asked at least once per month and the answer is generally the same:
The more bitcoins that are lost - the better - as you are making the rest of our bitcoins more valuable!
Hahaaa. Straight to the point.
On a mission to make Bitcointalk.org Marketplace a safer place to Buy/Sell/Trade
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