Re:Bitcoin makes journalists say stupid things
by danmaz74 on Friday April 05, 2013 @03:32PM
(#5500515)
Uhm... if the owner of some bitcoin loses (eg, disk crash and no backup) his secret keys, aren't his bitcoin lost for any practical meaning of the word?
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Re:Bitcoin makes journalists say stupid things
by cs702 on Friday April 05, 2013 @03:47PM
(#5500618)
Yes, of course -- very much like losing a physical wallet with cash inside it or a bag with gold coins. Lost forever. Just like paper currency. Just like gold. Unlike paper currency or gold, however, bitcoins can be encrypted and backed up.