I lost 10 units of fiat, Bitcoin could have prevented this.

nkocevar

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Quote from: Cryptopher on July 14, 2014, 05:04:09 PM

Step 1: Buy a wallet for your paper money.
Step 2: Start using the wallet.

Of course, your bitcoins would not be lost providing that you had a backup somewhere and the person that presumably finds your supposed hardware wallet does not crack it before you regain access and shift your coins elsewhere.

Oh the sarcasm xD but no a hardware wallet, say on an android phone, would be just as easy to lose if it was to fall out of your pocket

Cryptopher

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Keep it dense, yeah?

Quote from: Lauda on July 16, 2014, 05:11:29 AM

Quote from: Cryptopher on July 14, 2014, 05:04:09 PM

Step 1: Buy a wallet for your paper money.
Step 2: Start using the wallet.

Of course, your bitcoins would not be lost providing that you had a backup somewhere and the person that presumably finds your supposed hardware wallet does not crack it before you regain access and shift your coins elsewhere.

Nobody uses wallets for smaller buy on shorter distances. When I wake up and imminently visit the store I rarely bring it, but I do bring my smartphone.
Hello Bitcoin app.

I take my cash wallet wherever I am going - apart from the gym, usually. I've never lost it - perhaps I am more careful than those that do leave it lying around lol.

I know people that don't use wallets, some of them occasionally lose things. I suppose it is preference. But if somebody i.e. the poster of the topic, loses paper money due to misplacement and not noticing then the logical option has to be a wallet.

Lauda

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Terminated.

Quote from: Cryptopher on July 14, 2014, 05:04:09 PM

Step 1: Buy a wallet for your paper money.
Step 2: Start using the wallet.

Of course, your bitcoins would not be lost providing that you had a backup somewhere and the person that presumably finds your supposed hardware wallet does not crack it before you regain access and shift your coins elsewhere.

Nobody uses wallets for smaller buy on shorter distances. When I wake up and imminently visit the store I rarely bring it, but I do bring my smartphone.
Hello Bitcoin app.

elebit

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"Units of fiat" Grin

I hope you're not talking in this way to non-bitcoiners though... wouldn't want to give the impression we're tinfoil-hatted people around here Wink

Cryptopher

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Keep it dense, yeah?

Quote from: hollowframe on July 15, 2014, 07:36:11 PM

Quote from: Cryptopher on July 15, 2014, 03:02:01 AM

Quote from: hollowframe on July 14, 2014, 11:09:56 PM

Quote from: Cryptopher on July 14, 2014, 06:07:44 PM

Quote from: hollowframe on July 14, 2014, 06:03:36 PM

Quote from: Cryptopher on July 14, 2014, 05:04:09 PM

Step 1: Buy a wallet for your paper money.
Step 2: Start using the wallet.

Of course, your bitcoins would not be lost providing that you had a backup somewhere and the person that presumably finds your supposed hardware wallet does not crack it before you regain access and shift your coins elsewhere.

This makes it more likely that all your money would be stolen if someone were to rob you or if someone were to pickpocket you as these kinds of people usually go after a person's wallet.

Likelihood of being pick-pocketed is rather low. If somebody were to rob you they would just swipe the notes anyway, as well as your phone etc - so that point is moot.

The OP was all about losing money by dropping it and not noticing due to its properties. As a wallet owner myself, I take far greater care of its contents than I would if I were to have them loose in my pocket.

"As a wallet owner myself" lol

It is not entirely uncommon for people to lose their wallet, either because it falls out of their pocket when they sit down, take it out to pay for something, place it on their lap and forget about it, or a number of other reasons.

Perhaps, but again, the OP was talking about losing monetary notes due to the physical properties. The fact is that anything can be misplaced, so I don't think that the argument of leaving it somewhere accidentally holds for this discussion Tongue

I suppose the great thing about the bitcoin hardware wallet is that the only thing you are losing is the hardware - you can recover your coins provided that the correct measures are taken. Definitely a big plus.

Your wallet falling out of your pocket would be due to it's physical properties.

Sure, but I raised the point about using a fiat wallet because of this:

Quote from: Remember remember the 5th of November on July 14, 2014, 03:28:55 PM

It [Bitcoin hardware wallet] would weigh more than paper money, it would make some sound as it falls on the ground and would feel that my pocket weighs less.

That is the same as a fiat wallet, you would be more likely to notice the wallet missing, than say a $10 bill for example.

theblacksquid

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Quote from: Remember remember the 5th of November on July 14, 2014, 03:28:55 PM

...snipped...

It would be nice if hardware wallets were simple(with password capabilities) and cost the same amount of money as an Arduino or Raspberry Pi or cheaper, this way you can buy a few of these and have a spare device if something happened to the previous.

This.

This gives me an idea! Grin

Swordsoffreedom

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Leading Crypto Sports Betting & Casino Platform

Quote from: Bitobsessed on July 15, 2014, 09:55:11 PM

Quote from: Remember remember the 5th of November on July 15, 2014, 09:42:51 PM

Quote from: Malin Keshar on July 15, 2014, 09:10:00 PM

Credit cards solve this too. Problem if you lose the card you need to pay a fee to make a new one.

And once I lost 10 fiats, only to found then some months later in some pant

Agreed, but a slight inconvenience when shopping with such a card, and I mean in a supermarket, it takes too long, no joke. A line literally forms waiting a few minutes for the transaction to get confirmed, I would only use it in dire situations.

Cards? Try cash. I had to explain to the cashier for 20 minutes that they didn't give me the correct change. I felt like an idiot arguing for that long. I literally had to do the math on a piece of paper(change from a $50) for them to get it.

With Bitcoin I could have just sent the exact amount.

That would suck most cashiers use their machines so it must have been a rough day to recalculate the amount &_&
My pet peeve is when the store doesn't update their registers and you pay more when something is on sale.

Hmm I wonder if Bitcoin would aggravate that or make it easier new QR each time hmm.

Bitobsessed

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Quote from: Remember remember the 5th of November on July 15, 2014, 09:42:51 PM

Quote from: Malin Keshar on July 15, 2014, 09:10:00 PM

Credit cards solve this too. Problem if you lose the card you need to pay a fee to make a new one.

And once I lost 10 fiats, only to found then some months later in some pant

Agreed, but a slight inconvenience when shopping with such a card, and I mean in a supermarket, it takes too long, no joke. A line literally forms waiting a few minutes for the transaction to get confirmed, I would only use it in dire situations.

Cards? Try cash. I had to explain to the cashier for 20 minutes that they didn't give me the correct change. I felt like an idiot arguing for that long. I literally had to do the math on a piece of paper(change from a $50) for them to get it.

With Bitcoin I could have just sent the exact amount.

Remember remember the 5th of November

legendary

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Reverse engineer from time to time

Quote from: Malin Keshar on July 15, 2014, 09:10:00 PM

Credit cards solve this too. Problem if you lose the card you need to pay a fee to make a new one.

And once I lost 10 fiats, only to found then some months later in some pant

Agreed, but a slight inconvenience when shopping with such a card, and I mean in a supermarket, it takes too long, no joke. A line literally forms waiting a few minutes for the transaction to get confirmed, I would only use it in dire situations.

Malin Keshar

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Credit cards solve this too. Problem if you lose the card you need to pay a fee to make a new one.

And once I lost 10 fiats, only to found then some months later in some pant

cryptopaths

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Crypto Knight

Lol when I first saw the title I thought you were going to say you lost a billion dollars or something.

hollowframe

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Quote from: Cryptopher on July 15, 2014, 03:02:01 AM

Quote from: hollowframe on July 14, 2014, 11:09:56 PM

Quote from: Cryptopher on July 14, 2014, 06:07:44 PM

Quote from: hollowframe on July 14, 2014, 06:03:36 PM

Quote from: Cryptopher on July 14, 2014, 05:04:09 PM

Step 1: Buy a wallet for your paper money.
Step 2: Start using the wallet.

Of course, your bitcoins would not be lost providing that you had a backup somewhere and the person that presumably finds your supposed hardware wallet does not crack it before you regain access and shift your coins elsewhere.

This makes it more likely that all your money would be stolen if someone were to rob you or if someone were to pickpocket you as these kinds of people usually go after a person's wallet.

Likelihood of being pick-pocketed is rather low. If somebody were to rob you they would just swipe the notes anyway, as well as your phone etc - so that point is moot.

The OP was all about losing money by dropping it and not noticing due to its properties. As a wallet owner myself, I take far greater care of its contents than I would if I were to have them loose in my pocket.

"As a wallet owner myself" lol

It is not entirely uncommon for people to lose their wallet, either because it falls out of their pocket when they sit down, take it out to pay for something, place it on their lap and forget about it, or a number of other reasons.

Perhaps, but again, the OP was talking about losing monetary notes due to the physical properties. The fact is that anything can be misplaced, so I don't think that the argument of leaving it somewhere accidentally holds for this discussion Tongue

I suppose the great thing about the bitcoin hardware wallet is that the only thing you are losing is the hardware - you can recover your coins provided that the correct measures are taken. Definitely a big plus.

Your wallet falling out of your pocket would be due to it's physical properties.

Remember remember the 5th of November

legendary

Activity: 1862

Merit: 1011

Reverse engineer from time to time

Quote from: Cryptopher on July 15, 2014, 03:02:01 AM

Quote from: hollowframe on July 14, 2014, 11:09:56 PM

Quote from: Cryptopher on July 14, 2014, 06:07:44 PM

Quote from: hollowframe on July 14, 2014, 06:03:36 PM

Quote from: Cryptopher on July 14, 2014, 05:04:09 PM

Step 1: Buy a wallet for your paper money.
Step 2: Start using the wallet.

Of course, your bitcoins would not be lost providing that you had a backup somewhere and the person that presumably finds your supposed hardware wallet does not crack it before you regain access and shift your coins elsewhere.

This makes it more likely that all your money would be stolen if someone were to rob you or if someone were to pickpocket you as these kinds of people usually go after a person's wallet.

Likelihood of being pick-pocketed is rather low. If somebody were to rob you they would just swipe the notes anyway, as well as your phone etc - so that point is moot.

The OP was all about losing money by dropping it and not noticing due to its properties. As a wallet owner myself, I take far greater care of its contents than I would if I were to have them loose in my pocket.

"As a wallet owner myself" lol

It is not entirely uncommon for people to lose their wallet, either because it falls out of their pocket when they sit down, take it out to pay for something, place it on their lap and forget about it, or a number of other reasons.

Perhaps, but again, the OP was talking about losing monetary notes due to the physical properties. The fact is that anything can be misplaced, so I don't think that the argument of leaving it somewhere accidentally holds for this discussion Tongue

I suppose the great thing about the bitcoin hardware wallet is that the only thing you are losing is the hardware - you can recover your coins provided that the correct measures are taken. Definitely a big plus.

Yeah, thats the thing. Private keys can exist on more than one location, unlike physical bills. Provided I take the right precautions, if I lose my wallet(with Bitcoins) I can recover them as soon as I get home, which would be immediately. Physical bills don't share this trait.

While it's still possible to lose them, I at least get a fighting chance.

Cryptopher

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Keep it dense, yeah?

Quote from: hollowframe on July 14, 2014, 11:09:56 PM

Quote from: Cryptopher on July 14, 2014, 06:07:44 PM

Quote from: hollowframe on July 14, 2014, 06:03:36 PM

Quote from: Cryptopher on July 14, 2014, 05:04:09 PM

Step 1: Buy a wallet for your paper money.
Step 2: Start using the wallet.

Of course, your bitcoins would not be lost providing that you had a backup somewhere and the person that presumably finds your supposed hardware wallet does not crack it before you regain access and shift your coins elsewhere.

This makes it more likely that all your money would be stolen if someone were to rob you or if someone were to pickpocket you as these kinds of people usually go after a person's wallet.

Likelihood of being pick-pocketed is rather low. If somebody were to rob you they would just swipe the notes anyway, as well as your phone etc - so that point is moot.

The OP was all about losing money by dropping it and not noticing due to its properties. As a wallet owner myself, I take far greater care of its contents than I would if I were to have them loose in my pocket.

"As a wallet owner myself" lol

It is not entirely uncommon for people to lose their wallet, either because it falls out of their pocket when they sit down, take it out to pay for something, place it on their lap and forget about it, or a number of other reasons.

Perhaps, but again, the OP was talking about losing monetary notes due to the physical properties. The fact is that anything can be misplaced, so I don't think that the argument of leaving it somewhere accidentally holds for this discussion Tongue

I suppose the great thing about the bitcoin hardware wallet is that the only thing you are losing is the hardware - you can recover your coins provided that the correct measures are taken. Definitely a big plus.

elebit

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Quote from: CEG5952 on July 15, 2014, 02:12:47 AM

I once lost many units of BTC in a tragic boating accident.

What? Do tell!

IamCANADIAN013

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You say that bitcoin could have prevented this, I agree. So could a lot of other things though.

You say 10 units of fiat, I'm gonna assume 10 separate bills? If so, that's a lot not to notice fall out of your pocket/wallet.

I keep all my money in my front pocket and carry a credit card. I use the credit card to pay for everything. Carry a small amount of cash for emergency situations. I drop my credt card, it makes a pretty good noise that I can hear. I lose that credit card, it's insured.

Seems to me this situation could have been easily preventable. Even without bitcoin.

CEG5952

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Buy and sell bitcoins,

I once lost many units of BTC in a tragic boating accident. You see, fiat money is not alone in its propensity to be lost. BTC shares this quality as well.

Sydboy

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as above, who says units of fiat ?
was that to add dramatic effect ?

haploid23

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What do you mean by 10 "units"? I'm assuming 10 different bills, but you're not disclosing how large each bill was?

Ron~Popeil

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A wallet on a device would definitely have prevented the loss. Especially if the device and wallet are password protected. Once bit coin is used more widely it will be interesting to see what kinds of devices come to the market for carrying your bit coin more securely. Cell phones and tablets are nice, but something more wallet like would be good as well.

Topic: I lost 10 units of fiat, Bitcoin could have prevented this. (Read 1922 times)