If you lose your mnemonic phrase to gain access to your wallet, but your coins are currently staked and still receiving daily rewards, are your coins still lost forever? Does staking your coins/having your coins “frozen” “staked”, add any kind of protection to a person who has lost their mnemonic phrase and/or seed phrase, to their wallet. Has anyone heard of anything in the future that will help people regain access to accounts in wallets, to those who have lost their seed/mnemonic phrase?
I think this is a question that a lot of people will have, either now or in the future. I appreciate anyone with some actual knowledge on this subject.
Yes, I do understand that mnemonic phrases are for the security of the wallet. I was just wondering if the coins are frozen, staked, actively receiving rewards, are they any different than just coins sitting in a wallet, doing nothing?
Also, let’s say you cannot recovered staked or frozen coins, does the super representative, who is running the blocks, have the power to do anything about it, since he controls and sends the daily rewards given, back to the addresses?
Thank you guys for your insight 😃 👍🏼