Quote:
Originally Posted by mineistaken
So if some wallet provider goes down you lose your coins?
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There have been several online wallet providers that have been "hacked" (again, air quotes) and since they could not reimburse their customers they shut down. To be fair, some did make some attempts at paying the funds back, but the majority of them couldn't possibly recover from such a large theft... assuming it was even a theft by a third party. Some providers have dropped off the face of the earth without notice, disappearing with customer's funds, not even bothering with the pretense of being hacked.
A lot of Bitcoin services were/are provided by people who are smart programmers, but have little to no experience with financial services, or, more importantly, online security. An exchange or online wallet is going to be subject to constant intrusion attempts.
Quote:
Originally Posted by Smack dat
I seem to think just a few weeks ago that there was someone on GFY that had a script or a program that could locate lost keys.
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It is possible to find lost keys, even if the wallet has been deleted, but it can be a long shot. Still worth a try. I once recovered half a million keys from my NAS array (99.9% coincidentally had the same signature as a private key so were bogus) just to see if any still had value.
