In computing jargon, the bit bucket (or byte bucket[2][3]) is where lost computerized data has gone, by any means; any data which does not end up where it is supposed to, being lost in transmission, a computer crash, or the like, is said to have gone to the bit bucket – that mysterious place on a computer where lost data goes, as in:
The errant byte, having failed the parity test, is unceremoniously dumped into the bit bucket, the computer's wastepaper basket.
— Erik Sandberg-Diment, New York Times, 1985.[4]
Millions of dollars in time and research data gone into the bit-bucket?
— W. Paul Blase, The Washington Post, 1990.[5]
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