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Author Topic: BITCOIN TREASURE’s  (Read 162 times)
BitcoinNewbie15
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April 26, 2018, 01:27:22 AM
 #21

Because if no one can take that bitcoin treasure and put it back to the market bitcoin cerculation suppy will slowly lose forever.


While I thought this would be true as well, its not really the case. As time goes on, people are more careful with the way they store Bitcoins, so they won't lose them as often as people have in the past. So theoretically, fewer and fewer coins should be lost as time goes on. Even then, each bitcoin is worth 100 million satoshis. Even if more coins get lost, you can just divide whats left. 21 million coins are actually 21 quadrillion units of value.



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April 26, 2018, 07:00:20 AM
 #22

I think lets just be very carefull with our private keys and put it in a very safe place that only you and some very trusted people in your family that you can trust if something happen to you in the future.

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April 26, 2018, 07:12:48 AM
 #23

As we know if you lose or forgot or if you wont remember you pasword and some kind of security features in bitcoin wallet you cant open your bitcoin wallet and consider that bitcoin is lost forever.

I was hoping that someday in the future bitcoin developers can find a way to recover this lost bitcoins just like old treasure like gold and old coins today. I was hoping that someone can find a way take this treasure bitcoins in there wallet and put back to market again someday. Because if no one can take that bitcoin treasure and put it back to the market bitcoin cerculation suppy will slowly lose forever.
I do not think that when you can return lost bitcoins. If this were possible, it would be a threat to the safety of bitcoin. Bitcoin is based on mathematics, and laws of mathematics can not be circumvented. Onset, it's good that bitcoin as well as ordinary coins can be lost.
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April 26, 2018, 07:19:27 AM
 #24

A Treasure hunt do not necessarily have to be some magical code that are written by clever developers to recover some lost bitcoins. You could be renovating your new house and then stumble onto some time capsule with a laminated paper wallet, hidden in there. The Geo cache hidden in Iceland is still up for grab, if you can find it.  Wink

I want to see more treasure hunts being organised in different cities all over the world to draw some treasure hunters to look for these hidden treasures. Just imagine what will happen if some anonymous person announce that he or she buried a paper wallet with say 10 000 bitcoins all over the world. It will draw some major media attention!

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April 26, 2018, 07:26:41 AM
 #25

I really agree with your phrase, and it is very necessary to avoid the bitcoin ease available in this world, because if it is on leave it is very dangerous for bitcoin lovers.
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April 26, 2018, 08:26:37 AM
 #26

I think Mr. Satoshi Nakamoto is the biggest bitcoin holder in the world and he could also retrieve the lost bitcoin, but for now seems he never interfere on what's happen to bitcoin and not even show himself, he is the true bitcoin treasure that we have to search.

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April 26, 2018, 08:32:59 AM
 #27

it is absolutely not in need, we as a wallet holder should be careful.
and secure our personal data should not be lost.

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April 26, 2018, 10:26:01 AM
 #28

For one to have confidence of your investment it is good for you and you alone to know your keys therefore keep them safe in different places like hard drive, printout emails not used for other things and so on, in case you loss one you can get it from the other.

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fatema
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April 28, 2018, 05:46:20 PM
 #29

I think so. With time people are more cautious with the way saving Bitcoins. Bitcoin is hidden because the fate of thousands of people is hidden in it. If they spend hard time working hard, then Bitcoin will show people the income path. Because investing in bitcoin has resulted in a lot of profit but not a lot of losses. So I think Bitcoin is the secret treasure that makes people self-reliant in the right use.


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April 29, 2018, 04:22:21 AM
 #30

Restore access to previously lost bitcoins by selecting their secret keys will soon be in connection with the advent of quantum computers that will be able to select a cipher for such keys in a very short time. Apparently, the crypto currency will have to be protected from such computers by moving to a new level of safe operation. The same bitcoins, which will remain encrypted in the block-chain block chain in the same form, can be considered lost and re-used.

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April 29, 2018, 08:34:03 AM
 #31

As we know if you lose or forgot or if you wont remember you pasword and some kind of security features in bitcoin wallet you cant open your bitcoin wallet and consider that bitcoin is lost forever.

I was hoping that someday in the future bitcoin developers can find a way to recover this lost bitcoins just like old treasure like gold and old coins today. I was hoping that someone can find a way take this treasure bitcoins in there wallet and put back to market again someday. Because if no one can take that bitcoin treasure and put it back to the market bitcoin cerculation suppy will slowly lose forever.

there is nothing can do if you loss your password or key. your balance still remain at your wallet forever.
this is the reason that bitcoin price keep increasing until now. the supply is decreased everytime peoples lost their wallet.

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May 04, 2018, 11:03:49 AM
 #32

It’s not necessary to do, loss of supply doesn’t mean losing its value. I am afraid that if it’s implemented it will create a hole to look for security holes to abuse and those who enjoy it must be the people who are on top of this pyramid. After all who will get rid of his precious assets for granted.

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May 04, 2018, 05:48:30 PM
 #33

I think this is very dangerous, because with just a small open in security can be used as a way to steal Bitcoin of others. Still in the same problem, how Bitcoin in the wallet can be identified or categorized as "lost", because there could be people who HODLing in a very long time and suddenly the wallet has looted by the treasure seekers.

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June 21, 2018, 02:26:52 PM
 #34

The most important thing you need to wait for you to want to return the interest back, believe that you will succeed and it will necessarily happen.
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August 04, 2018, 12:05:16 PM
 #35

Really good post. I agree with it.
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