Post
Topic
Board Bitcoin Discussion
Re: Things on my mind about bitcoin lately
by
Kemarit
on 29/05/2018, 06:22:58 UTC
So I obviously hope I never have to deal with the first of these two issues I have but what if Gaven Andresen dies off and doesn’t pass on the alert/control features that Satoshi bestowed to him, would community have to legit hard fork to even stay in the realm of ‘new development’ not sure how that works as I’m not a dev at all, hence my question. Not sure how the BIP’s are actually approved or implemented and ATM believing is all basically comes down to getting Gavin’s ultimate approvi. Which like I said I worry may at some point ultimately be a issue.

If I were you, I wouldn't worry about who's who behind Bitcoin core. Don't make things complicated dude, it is non-issue as far as I know.

Another thing I’ve wondered since getting into BTC is what happens when all BTC are mined, people hodl, and people die? Is there any contingency in place or being planned to recover stale or dead bitcoins in wallets that are OBVIOUSLY non active addresses? Or will everything that is owned by dead investors or give up investors be doomed to simply be a burn loss?...

There is no contingency for a lost bitcoin. Once its lost you cannot recover it. That's why its been practiced that you have to really take care of your wallet's private key. That's why its called private key, because obviously you are the only one who knows it and can retrieved your wallet. Protect it at all cost and I'm sure that you will be fine.