When money used to have a firm link to the real world, when it was lost (like when gold coins sunk to the bottom of the sea or were stolen by pirates) it was really lost.
Certainly it can been seen as a "feature" of the current fiat currency regime that your lost/stolen money can be "recovered". But it can also been seen as a "crippling fault" when this "feature" can be so easily exploited by those running the system.
Certainly it can been seen as a "feature" of the current fiat currency regime that your lost/stolen money can be "recovered". But it can also been seen as a "crippling fault" when this "feature" can be so easily exploited by those running the system.