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Bitcoin becomes unspendable and worthless when the private keys are lost. But when you have the private keys, your Bitcoin doesn't "decay". On the contrary, it
by panarky 10y ago
Bitcoin becomes unspendable and worthless when the private keys are lost.
But when you have the private keys, your Bitcoin doesn't "decay". On the contrary, it becomes more scarce, and therefore more valuable.
- TheDong 10y agoYou missed the point. Once the primary way of gaining bitcoins is hacking wallets, the longer a bitcoin is behind the same private key, the longer that given wallet is a target.
- billions 10y agoIMO, the most vulnerable wallets are going to be the ones actively in use and stored insecurely, for example, on Windows machines subject to the recent NSA bug.