Topic: What happens to all the lost bitcoins - page 2. (Read 1033 times)
Better be careful when transferring between online and local wallets
I'm assuming you are talking about when someone looses their wallet because hard disk failure or some other reason.
Someone else might correct me, but I believe they remain in existence, but no one has the private key to spend them. So essentially they still exist, but are unspendable.
Someone else might correct me, but I believe they remain in existence, but no one has the private key to spend them. So essentially they still exist, but are unspendable.
Hi Ive been reading alot about people transferring coins from exchange to wallet or visa versa, or from wallet to wallet etc etc and people loosing their currency. What happens to these bitcoins e-currency?. Ultimately these coins disappear into the ether - or do they. There must be some sort of record, I mean thats the whole idea of bitcoin isnt it? they are able to be traced from person to person as there is a record associated with each?
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