Post
Topic
Board Bitcoin Discussion
Re: Lost coins redistribution
by
JollyGood
on 26/06/2023, 20:20:25 UTC
You're right, far fewer bitcoins are lost today than in the beginning, when people mined them on their laptops, at a time when they were worth pennies and they didn't know if they would still be around in a few years, nor did they have options for spending them as they do now. Today there are many more security measures, more knowledge, and people consider them much more valuable than they did then.

They will always continue to be lost, but in percentage terms much less.
I would tend to agree with this statement because in the early days many miners would have simply lost their Bitcoin as they would not have had access to the facilities for spending them as we do now but do we have statistical evidence pointing towards the number of lost Bitcoins?

to introduce code that can take coins without utxo key signing. even at 100year policy. can easily if implemented then change that mining policy to then be 50 years or 10 years or 10 days..

you might aswell kill bitcoin if you want to introduce any method to taking coins without utxo key signing permission

part of security is the inability to move coins without utxo key signing. lets not mess with that at all
What you said is correct. To change the basic fundamentals Bitcoin was based on will be detrimental to the core principles it was founded upon.

What I would like to ask is if the OP really is a newbie or if he is a newly created account by an established member. If I had to choose I would go with the notion this is not his only account and the OP was looking for merits (but received none as of yet).