Re: Pandacoin (PND) - 12 days til POS [Multipool | NO PREMINE | NO IPO | Scrypt | KGW]
From another thread. I guess it's the same for PND.
What happens to Bitcoins that are sent to a non-existent address?
In three situations:
1) If the coins are sent from a local wallet
2) If the coins are sent from an online wallet with a static address
3) If the coins are sent from an online wallet with a dynamic address
I've always been afraid of mis-copying/mis-pasting an address into the corresponding field, so I want to get this cleared to prevent future worry.
Would appreciate any info :]
Thanks!
What happens to Bitcoins that are sent to a non-existent address?
In three situations:
1) If the coins are sent from a local wallet
2) If the coins are sent from an online wallet with a static address
3) If the coins are sent from an online wallet with a dynamic address
I've always been afraid of mis-copying/mis-pasting an address into the corresponding field, so I want to get this cleared to prevent future worry.
Would appreciate any info :]
Thanks!
the 3 situations are exactly the same.
If you send coins to an INCORRECT but VALID address they are gone forever.
Bitcoin addresses have a 32 bit checksum so the odds of creating a typo which is INCORRECT but VALID is about one in 4 billion.
Still it could happen. If you are copying and pasting the odds are essentially zero (that you could drop or add an extra digit and still produce a valid address with the same checksum).
The much more common problem is doing something stupid:
For example thinking you are sending coins to yourself (i.e. your address) but copying the last outgoing address and sending a boatload of coins to someone you sent coins to before.
Obviously the network can't protect you from that.
If you send coins to an INCORRECT but VALID address they are gone forever.
Bitcoin addresses have a 32 bit checksum so the odds of creating a typo which is INCORRECT but VALID is about one in 4 billion.
Still it could happen. If you are copying and pasting the odds are essentially zero (that you could drop or add an extra digit and still produce a valid address with the same checksum).
The much more common problem is doing something stupid:
For example thinking you are sending coins to yourself (i.e. your address) but copying the last outgoing address and sending a boatload of coins to someone you sent coins to before.
Obviously the network can't protect you from that.
it looks like they're gone - oh well - I do appreciate the information - thank you very much. It's only 12 hours so I'll survive - they'e going into my wallet now...
Swisscex can save your coins, the only thing is, if they want to fix this. If Swisscex is serious, they should not have a problem with that.
They must dump private key from PAND and import that back to your PND wallet.
http://www.reddit.com/r/dogecoin/comments/1t7x2m/for_those_who_sent_their_dogecoins_to_digitalcoin/