What will happen to 'lost' coins?

[Fatunad]

I meet loads of people who have collected coins everywhere. They have 20 different types of wallets with a little bit of value. It's due to happen that people will loose their private keys or forget that they even have an account. Over time that value could accumulate pretty big. What will happen to these 'lost' coins? Will these stay on the Blockchain forever, accessible to no one anymore?

If those coins cant be accessed anymore due to lost of private keys or seeds then those coins would really just remain on the network but those are lost forever on the void.It is not dead but those coins are useless since no one would able to touch those coins anymore.This is why if we do have lots of coins on a specific wallet we should really be responsible on keeping out wallet informations like keys or seeds because these things are the most important.

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[makuhpal]

I meet loads of people who have collected coins everywhere. They have 20 different types of wallets with a little bit of value. It's due to happen that people will loose their private keys or forget that they even have an account. Over time that value could accumulate pretty big. What will happen to these 'lost' coins? Will these stay on the Blockchain forever, accessible to no one anymore?

It wont going to anywhere,but it is going to float in the blockchain forever,as long a theres no private keys you wont get the funds from your wallet if you forget or lose your keys,not unless the quantum computer exist and it could break your wallet's keys in just few minutes but if that happens cryptocurrencies are going to be worthless.

[Samolet]

I meet loads of people who have collected coins everywhere. They have 20 different types of wallets with a little bit of value. It's due to happen that people will loose their private keys or forget that they even have an account. Over time that value could accumulate pretty big. What will happen to these 'lost' coins? Will these stay on the Blockchain forever, accessible to no one anymore?

Losing your savings in bitcoins is easy enough, even without an attempt on them by scammers and hackers. The crypto owners themselves cope with this task. First of all, this is due to the fact that they do not know a reliable way to protect their wallets.

[RicardoRicky]

wasting time because it can not be put to good use by the owner, unless there is a pause in the password and password of the wallet, ideally it will be safe if nobody tries to open it. should have a small wallet but privacy and security stay awake.

[Manchumichael]

I meet loads of people who have collected coins everywhere. They have 20 different types of wallets with a little bit of value. It's due to happen that people will loose their private keys or forget that they even have an account. Over time that value could accumulate pretty big. What will happen to these 'lost' coins? Will these stay on the Blockchain forever, accessible to no one anymore?

It wont going to anywhere,but it is going to float in the blockchain forever,as long a theres no private keys you wont get the funds from your wallet if you forget or lose your keys,not unless the quantum computer exist and it could break your wallet's keys in just few minutes but if that happens cryptocurrencies are going to be worthless.

Like this many people lost their coins and searching for the solution but there is no solution for this problem. if anybody cracks this and find your private keys then they will easily hack everyone accounts so this could be not possible. Once you lost your password and private key then forget your coins it will go long sleep in blockchain forever.

[InfiniteGrim]

That's why you need to have a list of all the logins and passwords. I take it seriously and keep all kinds of passwords in different secret places. It's not just about crypto currency, it's passwords from gadgets, apple, maps, registrations and much more. On the one hand, it is safe to store it in your personal memory.  But, if something bad happens, I do not know what my family will do. And the coins will be lost forever.

[criptoman83]

This is blockchain feature, you can look at your assets, admire, but if you don't have a private key, then you can do nothing with them. No one to restore access to your wallet, in a decentralized world, everyone should take responsibility for their assets , as usual money.

[darmin]

they will remain stored. No one will be able to open it so for the transaction also nothing could. a coin would remain in place and there will be no taking. quite unfortunate if that kind of thing can happen.

[Gekkoo]

The first project to benefit this theme will succeed and without shadow of doubt, a project that will commit to recover its losses untold. There are many investors who lose their wallets full of Bitcoin and major currencies and discovering a gateway to Blockchain for the rescue, it would be necessary and considered by all. Nowadays lost the private keys what we have left is the tears.

[awazieik]

I meet loads of people who have collected coins everywhere. They have 20 different types of wallets with a little bit of value. It's due to happen that people will loose their private keys or forget that they even have an account. Over time that value could accumulate pretty big. What will happen to these 'lost' coins? Will these stay on the Blockchain forever, accessible to no one anymore?

Yes there accounts will be lost forever ;  the blockchain lets us know that we should be responsible for our finance so taking care of your private key is so important . Unfortunately like you point out, many people forget their keys and lose their fortune

[spaso_87]

I meet loads of people who have collected coins everywhere. They have 20 different types of wallets with a little bit of value. It's due to happen that people will loose their private keys or forget that they even have an account. Over time that value could accumulate pretty big. What will happen to these 'lost' coins? Will these stay on the Blockchain forever, accessible to no one anymore?

maybe for the lost coin, it's impossible because now it's the person holding altcoin and lots of people investing in Altcoin because now it's altcoin in recovering and so we can hold it and wait until the altcoin price and the market go back

[Mrbee]

I`m pretty sure they have some sort of system, that let those coin “free” if the account or wallet haven`t been accessed in some period of time, let`s say 4-5 years. If there is no such function, than the coin won`t probably survive as long as to become profitable.

[Svelto]

Unfortunately the lost coins will remain in the block chain, it is such a pity. This is why we have to keep our private keys in a safe price to avoid such situations.

[Dorvei]

Thanks to the author for the topic! I myself belong to such people.
when I started to collect airdrops, I did everything, registered at all sites and  installed hundreds of wallets!  Now this information is on another computer that broke down (  now this information is lost..

How many more are the same as me???))(((

This proves the uselessness of such airdrops.

[50ouncebrew]

All those lost coins that people lost because of sending it to the wrong address, losing email addresses and passwords and losing private keys and the likes are all gone forever. They will remain in the blockchain and there is no way to actually get them back. Although I read a theory that lost coins would be taken back to be mined by miners but it is a long shot.

[KathyCat]

pretty much, yep. they are lost forever. they remain on the blockchain but no one has access to them.

[vorseb]

Freeze forever. Maybe until someone make computer that able to hack it like Quantum Computer. So you must be careful because your money will be lost forever if you careless.

[Arcoin1]

There is no return to lost money. You can use safe wallets to lose money. This is the biggest disadvantage of the crypto money world. There is absolutely no follower of lost money.

[PinkFox]

There is a possibility, that some "highly populated" coins could be "saved" by other more lively coin communities. It is their interest to attract more "colleagues" to the coin community.

[nskendrovic]

Lost coins are gone. People losing so much coins is one of the reasons that the price of bitcoin is so high, there are people who lost the passwords, private key and such to their wallets and just like that those coins are gone forever because there is no way to get them back. Once these coins are gone, they are just gone forever and there is no way to bring them back