Is it possible to find lost bitcoins? - page 5.

EpicFail

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Quote from: Chasoid on October 29, 2017, 08:12:16 AM

In a single case, I would say that you can find lost bitcoins. Some people even buy old wallets to solve the password to get the bitcoins that lie in this purse. But not every password can be brootforced and in a global sense, it will be too difficult to do.

What is this brootforcing that you speak of? Please explain.

Wicked17

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Quote from: tairus91 on July 17, 2017, 01:12:20 PM

Millions of bitcoins are considered lost. Who will find them?

No one, this is how digital coins money works. Once they lost the bitcoin and the private key you cannot find it anymore because we cannot trace it even the computer cannot bruteforce it. Its like finding a small coin in a deep sea level. I was wondering if the missing bitcoin in the circulation also affect the value of the coin

Ayush rana

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No it is not possible to find lost bitcoins because all the transactions of crypto currencies are non tracable. Which means they cannot be track by us.

Bolt Brownie

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I know it's impossible to find lost bitcoins. If one loses access to his address and does not have the private key then those bitcoins will be out of circulation for good. But after reading this topic, I got another question. Wouldn't be important to know how many bitcoins were lost?

No one could know for sure, but maybe they could have an estimate about it. Like if coins are stuck in an address for lots of years, and probably those addresses are associated with wallets that are no longer operational (like multibit classic, etc), wouldn't that mean that those coins are potencial lost?

I don't even know if you can try to associate an address to a wallet, but you can probably check for coins that haven't been moved in a long time.
The thing is, that since BTC is limited, being able to estimate how much BTC were lost, could have an impact on it's price.

Agamemnus

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It is possible you can find your lost bitcoins if you are able to contact the miners that hashed that algorithm. You'll need to use a block explorer to search through your txn history though.

Chasoid

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In a single case, I would say that you can find lost bitcoins. Some people even buy old wallets to solve the password to get the bitcoins that lie in this purse. But not every password can be brootforced and in a global sense, it will be too difficult to do.

Fria

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Blockchain experts states that coins cannot be used if wallets digital or hardware is lost and this is one of the reasons why there are so many investors are investing Bitcoin and Altcoins because of it's security feature.
There are more or less 2 million coins were lost in the wild so the fewer coins circulated the higher value of a coin.

frankbitcoin

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Quote from: babar123 on July 24, 2017, 06:29:35 PM

those bitcoin are like gift for everyone, they decrease the inflation and permits bitcoin to worth more, it is rather a good new that many bitcoin got burnt for the bitocin holders, would be nice to know how many but we will never know, its certainly much more than we all believe

Yep, and with over 1 Million bitcoins hacked from Mt Gox and Bitfinex, that's about 5% of the coins right there. Then who's to say how many have been lost over the years from people who misplaced their keys...probably at least another 1 million coins. The 21 Mil coin availability is probably more like 15 million between the hacks, lost coins, and burnt coins.

suvo05

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It is impossible to find the lost bitcoins. And I think this is a disadvantage of bitcoin. Everyday some amount of bitcoin are getting lost, so the total circulation of the bitcoin is decreasing day by day.

Zubayer

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No, it is not possible to find lost bitcoin. Because bitcoin wallet also lost your bitcoin. There's some way to find bitcoin, if bitcoin makes some way to find lost bitcoin then it will be possible otherwise it can't possible to find any bitcoin.

rickyleatham

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As far as i have known, whenever you lost your bitcoin by transfer wrong address, you will never be able to get them back unless that guy wanted to because bitcoin can not be traced.

mdripon

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Quote from: tairus91 on July 17, 2017, 01:12:20 PM

Millions of bitcoins are considered lost. Who will find them?

bitcoin is digital currency so it is not possible that,if Bitcoin is lost, then it can be found in search. if you lost your bitcoin wallet password however you not back in bitcoin transaction.

CryptoLoverz

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Quote from: tairus91 on July 17, 2017, 01:12:20 PM

Millions of bitcoins are considered lost. Who will find them?

you can find one of them if you want to search.
first, you need address that lost bitcoin. and then try to solve the password. but the problem is many word and number and combination of both that you need, that have much possible to use.
and i think no one will try it

Portia12

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Quote from: tairus91 on July 17, 2017, 01:12:20 PM

Millions of bitcoins are considered lost. Who will find them?

I dont think so that is the big disadvantage of bitcoin. We cannot trace all transaction of bitcoin thats why all hacker are always exist and all illegal transaction will exist also.

Lewoll

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No, there's no other way to access your Bitcoin wallet but through your private key. If you lost it, you lose your Bitcoin no matter how many kinds of hacking techniques you're using. Losinh wallet is the end of your Bitcoin.

drwhobox

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Quote from: tairus91 on July 17, 2017, 01:12:20 PM

Millions of bitcoins are considered lost. Who will find them?

It's early imposible to bruteforce the private keys of thoes address. It may take up to millions of year for you to get a specific address. In short no one would get a private key unless the guy/girl did put the private key on a specific place.
The only owners could get thier bitcoins( if they still know the private key to thier address.)

mr.mister

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Quote from: tairus91 on July 17, 2017, 01:12:20 PM

Millions of bitcoins are considered lost. Who will find them?

If the private keys cannot be recovered, with today's computing power,it would be next to impossible to find any bitcoins. However, we don't know what the future will bring as far a tech is concerned, and it may be possible that a super computer, such as a quantum computer may be able to do it, and even then it would probably be very difficult. If a true quantum computer could ever be built it would be able to perform millions of calculations at the same time, vs a modern computer, can only perform one calculation at the same time.

A true quantum computer would be millions of times more efficient than a modern computer. Now think if thousands of them working together can be put to the task of cracking encryption..

kucritt

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if your lost bitcoin its means that address bitcoin without private key i think yes, that bitcoin wouldn't saved until the owner of thaat address take that bitcoin with the private key that match with that address

CODE200

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Quote from: hosseinimr93 on July 24, 2017, 03:17:18 PM

The only way to have access to that bitcoins is importing them into a new wallet; and it's impossible without the private key. That bitcoins are out of circulation forever and nobody can use them.

Bitcoin transaction is made possible by the blockchain so finding the bitcoin you used on a specific transactions is always anonymous because it uses different types of transactions chains , yet there is always be a wallet that you could send the bitcoin so it would help you to locate your bitcoin but not necesarilly get it back in a part of your transactions.

kamikadze69

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I do not know. it seems like a difficult thing. but I've also read an artkel in this forum. the person who created the thread claimed to be able to trace back the missing bitcoin. but I'm not so sure of that. hopefully there is nothing bad with the bitcoin we have.

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