Quote from: BitGoing on April 13, 2013, 09:04:27 AM

When bitcoins are lost, they are lost forever correct?

is it not true then, that eventually the number of coins in circulation will be less and less, which in turn may lead to
added deflation pressure ?
governments can re-issue old or lost bills, but if bit coin is physically lost, the supply of currency will diminish.

So what is the solution to this as this guy just jost 30,000 coins.

If wallet.dat (private key) is lost, the bitcoin is lost "forever". It is impossible (at the current stage) for people to generate a 256-bit number which happens to be the private key for the wallet. Since there's no central authority, you also cannot do a "forget your password" to recover your private key because no one else has it other than you.

captainsik

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