Re: Why it is important to lose Bitcoin to an incorrect wallet address
I believe many of us has lost the precious Bitcoin at some point.
A lot of this loses could be traced back to wrong wallet addresses on the part of the sender (more reason you should double check the address before sending).
At some point you mistakingly sent Bitcoin to an ERC-20 wallet or sent it to an incorrect wallet.
Either ways, the coin becomes lost.
In times like this thoughts like this set in, "why is there no provision for recovering lost Bitcoin?
My answer to this might sound inconsiderate, but...
It is a good thing you lost it, and it's a good thing it cannot be recovered.
Maybe you will be more careful next time
What is good about losing your bitcoin? Bitcoin is a very valuable digital currency that almost everyone wants to have,so if you have it you should be careful in making your every transactions. The good thing if you lost bitcoin it will reduce the number of supply and it makes the value increase. You need to check your bitcoin wallet address multiple times before sending bitcoins so that you will not lose your coin.A lot of this loses could be traced back to wrong wallet addresses on the part of the sender (more reason you should double check the address before sending).
At some point you mistakingly sent Bitcoin to an ERC-20 wallet or sent it to an incorrect wallet.
Either ways, the coin becomes lost.
In times like this thoughts like this set in, "why is there no provision for recovering lost Bitcoin?
My answer to this might sound inconsiderate, but...
It is a good thing you lost it, and it's a good thing it cannot be recovered.
Maybe you will be more careful next time
It may be true that the circulating supply will decreased but money is money. We should not let it put to waste. We should be careful everytime we are sending funds to another wallet.