Post
Topic
Board Economics
Re: Will occasional losses of bitcoin wallets limit available maximum bitcoins?
by
Nefario
on 30/12/2010, 06:10:52 UTC
Bill Gates would no longer be in the top ten most rich people list.
that should be fine if it's a result of the owner's fault, under other circumstances, if he's a victim of a crime (theft, sabotage, etc), most people will probably think not having a lost-coin recovery mechanism is a flaw.

what's your coin recovery mechanism when someone breaks into your house and steals your stash of cash and valuables?

the 'stolen bitcoin' recovery mechanism is exactly the same.

Can you imagine going to the police today to report the theft of your wallet.dat  Cheesy Cheesy Cheesy