good question - i would like to know this also
so if you lose your wallet file the bitcoins are lost forever in the system?
so if you lose your wallet file the bitcoins are lost forever in the system?
yes.
why is this hard to believe? If there was a way to re-acquire the bitcoins, your bitcoins wouldn't be safe in the first place.
its not hard to believe at all
i just wanted to know how the system worked - it wasnt really clear to me that there was even a wallet "file" at all when i first started, i thought it was just the wallet address and now that i know how it works i just wanted to find out about the pro's and cons of the system
now i know about it i will be keeping my wallet file backed up multiple times to make sure i dont lose it
