Post
Topic
Board Securities
Re: [BitFunder] Graet.Loan - Paying 0.05% interest daily
by
joris
on 03/09/2014, 09:09:22 UTC
... If you no longer have the private key to the address, you're pretty much screwed.

Here you're touching the bare nature of Bitcoin: private key = bitcoin at hand. And just like cash, if it's gone for real, it's gone, nothing to do about it.

Unfortunately with contracts, like giving your cash or bitcoin to someone else, you replace available bitcoin with hope. And hope is hard to kill. Mostly expensive also ;-)