Post
Topic
Board Beginners & Help
Re: How are BitCoins that are stored offline still tracked in the network?
by
robot_boy
on 26/01/2013, 23:16:50 UTC
Well, that is both some what worrisome and somewhat reassuring to hear. One of my concerns was that people are not always great about backing up their files and if enough people fail to back up the wallets and their computer goes down you may end up with a great deal of money just sitting around outside of the system because they can no longer get to it. The ability to at some point in the future bring that money back into circulation seems like it could get rid of that problem. The part that worries me is that those same people could also get into active wallets and take money that was not lost. I may be horribly misunderstanding something and be horribly off base with this statement. I am new to this and have only seen a few videos and what not, so I am no expert.