Quote from: Welsh on Today at 01:09:32 PM

Worth pointing out, that Bitcoin isn't exactly something that's immune to being compromised. We've actually had exploits in the past which allowed creating unlimited Bitcoin, however that was rectified.

It was the first Bitcoin exploit that allowed attackers to create multiple bitcoins from artificial Bitcoin transactions. Happened on 06-08-2012
https://www.cvedetails.com/cve/CVE-2010-5138/

Quote from: Welsh on Today at 01:09:32 PM

So, you could potentially consider that as a compromise. However, there's also the point that most users wallets are subject to being compromised based on their security, what they rely on, i.e how Bitcoin is implemented is actually pretty damn secure, but the user behaviours aren't always up to the standard, and certainly aren't up to the same standard of Bitcoin's security.

What is the recommended Bitcoin Security Standard? Because some of the security that is implemented at this time is also not a guarantee that it will continue to be safe. Wallet hardware can even be hacked or cracked, several other wallets are also targeted.

The more sophisticated the development of technology, the more bugs can be penetrated. It will be a challenging job for developers to keep their products secure and up to date.

Quote from: Welsh on Today at 01:09:32 PM

Quote from: Husires on January 27, 2023, 11:42:27 AM

No one can prove that the bitcoins are lost forever except those coins that were sent to Proof_of_burn address. https://en.bitcoin.it/wiki/Proof_of_burn

Plus, I feel it's worth mentioning that this is only based on our current understanding, situation, and technology at our dispose. Bitcoin, could eventually be broken, the very algorithms that it relies on could potentially be broken in years to come.

Bitcoin may get very old when the algorithm it relies on is potentially broken, it is the duty of the bitcoin developers to keep the security updated and no further Exploits or some bugs which may cost a lot of people.
Below is a List of Security Vulnerabilities in Bitcoin from bitcoin's inception to date.
https://www.cvedetails.com/vulnerability-list/vendor_id-12094/Bitcoin.html

Quote from: Welsh on Today at 01:09:32 PM

So, yeah proof of burn addresses are good enough for the conceivable future to determine that they aren't recoverable.

It can't be recovered but it's possible HardCap or Bitcoin supply can increase with some absolute conditions that must be done.
To change the supply limit some groups like developers and communities have to collaborate.

But that would destroy the core thesis of bitcoin investing, Bitcoin would not become scarce and would no longer be valuable.
https://river.com/learn/can-bitcoins-hard-cap-of-21-million-be-changed/