Author

Topic: What happens to abandoned coins? (Read 773 times)

newbie
Activity: 14
Merit: 0
June 28, 2011, 08:21:28 AM
#5
So remember to backup your wallet!
https://en.bitcoin.it/wiki/Securing_your_wallet
newbie
Activity: 57
Merit: 0
June 28, 2011, 07:48:42 AM
#4
Deflation. Prices will go down. Bitcoin will value more.
newbie
Activity: 8
Merit: 0
June 28, 2011, 07:34:01 AM
#3
Gone forever!!!
foo
sr. member
Activity: 409
Merit: 250
June 28, 2011, 07:29:02 AM
#2
They are lost. Same as if you burn a dollar bill.
newbie
Activity: 22
Merit: 0
June 28, 2011, 07:25:22 AM
#1
If someone has a wallet with bitcoins in it, doesn't really matter if they got them through buying or mining.  What happens if they just decide to give up on or forget about bitcoin?  Technically the coins are still out there but if that wallet is never used then those coins can't be claimed by anyone.   I guess the same issue also happens if you lose your wallet
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