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
2024-10-18 04:45:14Event JSON
{
"id": "6432de75b2d5553e35499dbeda0a0962b21e8e5a66182235024eff71c564d9a9",
"pubkey": "e0893162d4045dd1113c6e1c29f70c47bb7461abed042b6c33308fe7d96d2502",
"created_at": 1729226714,
"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": "4fed341c301f2359100f8421808418c7f2c0f31ff521b2ce37ecbe5a82ef8bb565b2442aeadcbeaf9fc69502d46afd6c6c58df294bcd879d590296f4d3fd56f2"
}
