Post
Topic
Board Economics
Re: Will occasional losses of bitcoin wallets limit available maximum bitcoins?
by
kiba
on 30/12/2010, 00:43:33 UTC

Let's say bitcoin has been widely adopted, the wallet.dat containing Bill Gate's net worth crashed (because his misplaced faith in Windows) and there's no way to recover the file; his foundation need this money to pay 10 million children's medical bill -- in another word, there's catastrophic/extraordinary consequence if the money cannot be recovered -- should there be a mechanism to deal with this kind of situations?


It's called backing up and encrypting it.