What happens if Bitcoins are lost

Moderator: kyletorpey

What happens if Bitcoins are lost

by chetan » Thu Apr 17, 2014 1:45 pm

Since there are a finite number of Bitcoins that can be created, I am wondering what happens if some of the coins are lost. My questions are three fold: How do you define a "lost" coin? How does the network know a coin is lost?
 
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