Quote from: hisslyness on Today at 01:45:20 PM

Quote from: AlcoHoDL on Today at 08:28:13 AM

Quote from: philipma1957 on Today at 01:18:27 AM

Like I said I was born in 1957 and will almost certainly be dead by 2069 as 112 is not going to happen.

But if BTC is to wind out and whale and be 1 or 2 or 3 million even 10,000,000 and there are 2,000,000 in Frozen coins they will be moved or set back into circulation.

As 1,000,000 x 2,000,000 = 2,000,000,000,000 / 2 trillion to and 10 million x 2 mill = 20 trillion in coins.

No way is that staying idle for all time.

The pressure put on them going back to recirculate will be huge. The power grid and gear used at that time will need to be fed.

Not a worry for this in 2021 or 2029 or 2039 or 2049 but by 2059 yeah if the world and btc have survived they will be big pressure for that event.

To those that disagree fine hope you live to see it not happen and come to my grave and laugh at me.

Philip... Oh, Philip... What's happening to you? Is this some kind of joke, or even a r0ach-like metamorphosis?

If what you're saying ever happens, it will be the end of Bitcoin. It doesn't make any sense and, frankly, I'm very surprised you're saying it.

Keys ---> Coins.
Keys lost = Coins lost.

That's a one-way street, can't work around it. Putting backdoors to coins is equivalent to breaking Bitcoin's security. Who is to decide when, how much, and from where? Coin age? And what if the original owner suddenly appears? Would his keys suddenly become invalid? What you're saying implies a central authority taking control of Bitcoin's blockchain, and is equivalent to hard-coding the invalidation of keys in the Bitcoin protocol. This is sweet music to CSW's ears, should a retarded judge ever award him rights to Satoshi's coins.

Sorry to have to say this, but what you're suggesting is probably the biggest pile of nonsense I've ever read in WO...

It is simple fucking math!

If I had 10 Apples and You have 10 Apples and someone else has 10 Apples, and each apple will swap for 1 Hoe..

Say for some unknown reason you lost your 10 Apples and for the life of you, can not find it anywhere, then guess what!

1. You can’t have any Hoe’s
2. I can now buy 3 Hoe’s for 2 Apples
3. That someone else can also swap 2 Apples for 3 Hoe’s
4. You potentially may have to be a Hoe if you to want some apples, but wait that means there are now more Hoe’s, which means my 1 Apple may be buying 3 or 4 Hoes now!

In other words, the lost/missing coins have already been recycled, in a much more intelligent way. If you can not see it already then you really don’t understand what Bitcoin truely is.

Mining lost coins.. that the same as money printer going brrrrrr….

This is really good.

It's one of the harder things to come to terms with in Bitcoin. But the ability to lose coins forever is a feature, not a bug.

The limit is also very arguably important.

And any changes to the monetery policy of Bitcoin. PARTICULARLY well before it is deeply established, will most likely destroy it.

Now... the conversation as to what happens once the subsidy runs out? Block size, et al? Well that one may be worth having. But the solution does NOT lie in changing Bitcoin's monetary policy.