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Topic: What is happening with deleted btc wallets? - page 2. (Read 1756 times)

legendary
Activity: 1134
Merit: 1118
November 07, 2015, 12:43:54 PM
#7
They're gone.

We can always increase how much you can divide bitcoins by quite easily, though, and it's quite possible wallets including Bitcoin Core could change to have a smaller unit like mBTC or satoshi become the main unit if we ever go that far.

That could be the answer. I haven't thought about this,but using smaller units involves price grow isn't it?

No. Using a smaller unit does not affect the price at all as it does not change the scarcity, it just makes it more divisible. It shouldn't have any major effect on the price other than increasing adoption slightly more possibly in a world where Bitcoin has become pretty big.
legendary
Activity: 1288
Merit: 1000
November 07, 2015, 12:32:04 PM
#6
Imagine this: if you damage, delete or lost your wallet/private key it is the same as you would burn your FIAT paper money. There is no going back.
The only way is to copy your wallet.dat or use wallet with some safety option - for example Electrum with its pass phrase functionality.
full member
Activity: 176
Merit: 100
November 07, 2015, 12:28:14 PM
#5
There are lots of threads about how many Bitcoins are lost forever. These are two of the more recent ones. The last one tries to estimate the quantity of Bitcoins lost forever, but even if coins haven't moved since 2009 someone might have the key. Lost Bitcoins make the others more valuable

https://bitcointalksearch.org/topic/how-many-bitcoins-are-lost-forever-1097562

https://bitcointalksearch.org/topic/lets-add-up-the-known-lost-bitcoins-7253
legendary
Activity: 2324
Merit: 1035
Not your Keys, Not your Bitcoins
November 07, 2015, 12:25:35 PM
#4
They're gone.

We can always increase how much you can divide bitcoins by quite easily, though, and it's quite possible wallets including Bitcoin Core could change to have a smaller unit like mBTC or satoshi become the main unit if we ever go that far.

That could be the answer. I haven't thought about this,but using smaller units involves price grow isn't it?
legendary
Activity: 1134
Merit: 1118
November 07, 2015, 12:17:16 PM
#3
They're gone.

We can always increase how much you can divide bitcoins by quite easily, though, and it's quite possible wallets including Bitcoin Core could change to have a smaller unit like mBTC or satoshi become the main unit if we ever go that far.
legendary
Activity: 1120
Merit: 1012
November 07, 2015, 12:13:27 PM
#2
As the topic's subject says my question is what happens to the bitcoins that were in deleted wallets? If they just dissapear what will happen when all the bitcoins will be mined? Bitcoins can't be printed out like banknotes isn't it?Smiley)

http://en.bitcoinwiki.org/Bitcoin_Myths#Lost_coins_can.27t_be_replaced_and_this_is_bad
legendary
Activity: 2324
Merit: 1035
Not your Keys, Not your Bitcoins
November 07, 2015, 12:11:04 PM
#1
As the topic's subject says my question is what happens to the bitcoins that were in deleted wallets? If they just dissapear what will happen when all the bitcoins will be mined? Bitcoins can't be printed out like banknotes isn't it?Smiley)
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