Bitcoin

Out of context: Reply #947

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  • drgs0

    3,8 mill BTCs (out of 21 mill possible) are lost forever.

    There is no security net to catch you when you fall, and no limit to how much money you can lose because of some ridiculous technical detail -- tons of people have lost their investments by sending BTCs to an ETH address etc.

    I think more BTCs are lost because of corrupt hard disks and sausage fingers than from hacked exchanges.

    If it was a regular bank, well, for once, money cannot disappear into void, you either move money to a different bank account or you have an error. Even if your VISA is stolen, the bank covers it etc.

    "Internet money" in a nutshell.

    drgs 0Permalink
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    • It's new and a high risk but ultimately the only way money can possibly go? God'll fix it.Ianbolton
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