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Topic: Does Bitcoin have mechanism to recover stolen or lost bitcoin? - page 3. (Read 408 times)

newbie
Activity: 14
Merit: 0
Bitcoin could not easily be stolen though, for that you need to freaking secure your private key as safe as possible in this case you will not get robbed flawlessly by some intelligent hacker no matter how smart they are the private key will be the answer for his/her decade of study to the block-chain technology to put an end to every potential victim he/she can get.

Very well said, but I think we don't any escape plans in this kind of matter 'cause we're in Surface Web, in my opinion.
full member
Activity: 518
Merit: 106
WWW.BLOCKCHAIN021.COM
Bitcoin could not easily be stolen though, for that you need to freaking secure your private key as safe as possible in this case you will not get robbed flawlessly by some intelligent hacker no matter how smart they are the private key will be the answer for his/her decade of study to the block-chain technology to put an end to every potential victim he/she can get.
newbie
Activity: 330
Merit: 0
mk4
legendary
Activity: 2870
Merit: 3873
Paldo.io 🤖
Nope. There are no chargebacks on bitcoin, as confirmed transactions are final.

One advantage of bitcoin is to be your own bank, being completely cut-off through centralized entities like banks. But of course this also comes with a disadvantage: as bitcoin is decentralized, there is no sort of "official tech support" or a hotline you could call/contact to help you with your lost funds. Being your own bank, you need to also act like one. You need to take wallet security as a number 1 priority.
newbie
Activity: 128
Merit: 0
In case someone stole your bitcoin or you lost it, you won't be able to get it back.
Is this true?

What are your knowledges about this?
You need to understand the blockchain and bitcoin mechanisms. They are anonymity and cannot be tampered with, so when your coin is stolen, as long as it is confirmed, then your coin is not yours. This is why the key needs to be kept well. After being obtained by others, the coin will not belong to you.
newbie
Activity: 7
Merit: 0
newbie
Activity: 14
Merit: 0
In case someone stole your bitcoin or you lost it, you won't be able to get it back.
Is this true?

What are your knowledges about this?
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