Post
Topic
Board Speculation
Merits 2 from 2 users
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
aesma
on 27/08/2020, 09:14:14 UTC
⭐ Merited by vapourminer (1) ,JayJuanGee (1)
Quote
More bitcoins have been lost in the past 10 years than will be found in the next 100 years.
https://twitter.com/lopp/status/1298563747003486209

I'm discussing about this/related on my local board. Here is the thing : can we expect the BTC protocol to evolve at one point to make private keys more secure ? Like making their size bigger (4096 bits instead of 256) so that instead of making a collision almost impossible, it would become totally impossible ? To fend off advances in computing.

If such advances become possible, then "lost coins" might be recoverable at some point, by people with access to supercomputers/clouds.

Would there be/should there be a grace period to transfer coins from current adresses to bigger addresses, after which older addresses would become invalid, making lost coins lost forever ?