Post
Topic
Board Bitcoin Discussion
Re: Is bitcoin lost forever
by
witcher_sense
on 27/01/2023, 05:45:06 UTC
If bitcoin was created in such a way that it could never be hacked does it mean most of the btc is lost forever cause from my research i found that 50% of btc have been lost and can never be recovered isn't that a scary prosect that majority of the btc goes untouched maybe for like a thousand years till maybe future generations finally access it but by then it would be worthless so in truth only a very few get to benefit from it just like most things that have value in this world.
You could benefit from the fact that Bitcoin is a robust system resistant to unauthorized access from undesirable individuals. For example, you could purchase a small amount of this decentralized asset and keep it until it becomes a widely-accepted currency for international trade. If you take all necessary precautions and will follow all security advice and guidance regarding how to protect your sensitive data properly, there is a high chance that others' lost bitcoin will make you a wealthy person. And for future reference, there is a distinct difference between lost bitcoin and bitcoin that was burned or destroyed provably; in the former case, it is still possible that it will be recovered in the future or  "accidentally found" by its previous owners.