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