Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Lost Bitcoin and possible future scarcity
by
alastantiger
on 11/05/2024, 21:07:25 UTC
⭐ Merited by Zackz5000 (1)
Answers to discussion questions.
  • I do not really know whether it is lost forever because it is still possible that the owner of the wallet who is inactive due to the death of the owner has submitted or inherited a private key or seed phrase to other parties who are trusted.
It is likely that if upon the death of the owner, there was no hand over of seed phrase, then it is lost forever. I remember the guy who lost his drive where he had his bitcoin wallet in a dump. He's been looking for it for years and cannot find it. It could also be considered lost forever.

  • As we are not certain of Satoshi's return, should we be bothered about his dormant wallets?
We shouldn't major in minor things so it is said. I know Satoshi's dormant wallet entering into the market will be a major thing but for now I cannot be bothered about his dormant account.[/list]