Post
Topic
Board Development & Technical Discussion
Re: Bitcoin private key BASE58 problem
by
o_e_l_e_o
on 28/11/2021, 12:47:32 UTC
That's an entirely different situation.
But the outcome was the same - the majority decided to what to do someone else's coins, which violates one of the main tenets of bitcoin.

In any ways, I have argued before that if there is a vulnerability it should be removed instead of us letting it exist and hope nobody uses it. In this case if ECC were broken it must be removed completely which would effectively lock any coin that is not moved to new algorithm before a certain deadline.
It's not a case of hoping no one exploits the vulnerability. ECC will almost certainly be broken at some point in the future, and any coins protected by it will definitely eventually be stolen. We will absolutely move to a new algorithm, but it should not be the decision of the majority to lock coins which we do not own with no say from the true owner. I would much rather those coins are stolen than we set a precedent that the community can decide to lock your coins and there is nothing you can do about it.