teachin_bitcoin on Nostr: https://www.teach-me-bitcoin-son.com/media//generated/losing-access-bitcoins.png Dad: ...
Dad: Son, what happens if I lose access to my Bitcoin?
Can anybody help me to recover the coins?
Son: Hi Dad,
No one can help. If you lose your 12/24 recovery seed words and/or your passphrase, your funds are inaccessible and considered lost forever.
That would be bad for you and for your bitcoin, but would make everybody else's a bit more valuable.
Dad: Why does it make other coins more valuable?
Son: Bitcoin is already super scarce and would become even more scarce. 4M coins are already lost forever. Satoshi once said: "Think of it as a donation to everyone."
#Bitcoin
Published at
2025-01-31 04:30:09Event JSON
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"pubkey": "e0893162d4045dd1113c6e1c29f70c47bb7461abed042b6c33308fe7d96d2502",
"created_at": 1738297809,
"kind": 1,
"tags": [],
"content": "https://www.teach-me-bitcoin-son.com/media//generated/losing-access-bitcoins.png\n\nDad: Son, what happens if I lose access to my Bitcoin?\nCan anybody help me to recover the coins?\nSon: Hi Dad,\nNo one can help. If you lose your 12/24 recovery seed words and/or your passphrase, your funds are inaccessible and considered lost forever.\nThat would be bad for you and for your bitcoin, but would make everybody else's a bit more valuable.\nDad: Why does it make other coins more valuable?\nSon: Bitcoin is already super scarce and would become even more scarce. 4M coins are already lost forever. Satoshi once said: \"Think of it as a donation to everyone.\"\n\n\n#Bitcoin",
"sig": "214e646a73f4ca5b3ac248445b4c31f39eed9789b8812211a1a5de0856bb369b96d9b506dbf05c04b3bad47fafffaa30b9c8c57c76f634c3e7a6885be1b09a74"
}
