I just got this question in my mind. What will happen if no one knows about the pasword of his/her acount will it posibly deduct to the main supply of bitcoin? Example bitcoin was 21million supply and one man got 1 million bitcoin he was holding and suddenly he died no one can open his wallet is it posible that the remaining 20 million bitcoin forever?
unfortunately yes. if no peoples know about your wallet information, no one can move the balance. even bitcoin developer cannot to anything about it.
if they can recover the bitcoin, it is against the security of bitcoin itself.
It's true, I also just thought about it and it will definitely be a lost treasure.
but with the longer the price will increase as more and more demand.
