Post
Topic
Board Speculation
Merits 10 from 6 users
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
LoyceV
on 10/11/2021, 18:48:12 UTC
⭐ Merited by JimboToronto (3) ,BitcoinBunny (3) ,bitcoinPsycho (1) ,vapourminer (1) ,psycodad (1) ,Arriemoller (1)
All bitcoins that are not moved for a certain period of time (20, 50, or 100 years) should be presumed lost and then recycled through the usual mining process. I'm not sure if that can be achieved through a soft fork.
That's dumb. Private keys are forever.
Value comes from scarcity, not abundance.

To quote someone who might know a thing or 2 about Bitcoin:
Lost coins only make everyone else's coins worth slightly more.  Think of it as a donation to everyone.