When should these be considered "lost forever"?
The German Bundesbank (something like the FED) says "never" and swears to honor the obligation to exchange any DM into EUR for all eternity
Topic: POLL: When should bitcoins be considered lost forever - page 2. (Read 1084 times)
According to recent "news", Germans still hoard 12.9 Billion Deutsche Mark (DM), or roughly 6.6 Billion EUR. That's about 7.8 Billion USD some 13 years after the switch to the Euro.
When should these be considered "lost forever"?
The German Bundesbank (something like the FED) says "never" and swears to honor the obligation to exchange any DM into EUR for all eternity
When should these be considered "lost forever"?
The German Bundesbank (something like the FED) says "never" and swears to honor the obligation to exchange any DM into EUR for all eternity
I would have answered your poll, but as mlferro pointed out, you are missing an option for "never".
lacked the "never" option. I do not think Bitcoin a day will become lost forever
You can only know for sure that someone is in possession of a private key when coins are spent, but large amounts of unspent coins could create uncertainty to trust the system because they have influence on the trade markets when they are spent.
So I was wondering, when do people agree to be 'sure' that coins are lost forever and not stored in a savings account?
My first guess would be the average life expectancy, roughly 77 years.
edit: added option 'never'
So I was wondering, when do people agree to be 'sure' that coins are lost forever and not stored in a savings account?
My first guess would be the average life expectancy, roughly 77 years.
edit: added option 'never'
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