Jan 9, 2018
What if you Send Bitcoin to a Non-Existent Address?
Posted by Philip Raymond in categories: bitcoin, cryptocurrencies, economics
I get this question a lot. Today, I answered it at Quora.com. But, here, in the Lifeboat Blog, I have more bandwidth to elaborate.
Question:
What if I make a typo when sending Bitcoin. The recipient address
may be invalid or it may belong to another individual. —But there
is a third possibility. Couldn’t it be a valid address, but without any
wallet that can receive it? I bet the blockchain catches these errors
—Right? Will I always get my money back?
The short answer: “Don’t worry, it cannot happen. That won’t happen either. Sure, it’s possible. That’s wrong, and You’re screwed!”
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