Post
Topic
Board Bitcoin Discussion
Re: Miss Bitcoin
by
moneyangel
on 23/02/2018, 15:24:42 UTC
What happens if someone loses their bitcoin? Let's imagine that I buy 10,000,000 bitcoin for example. Does the system need to re-create those money?
I think it will lose forever if you can't find the private key on that wallet. The system will no longer replace that because bitcoin has fix quantity and it will increase the price of the remaining coins as the actual circulation supply will reduced due lost accounts.