Post
Topic
Board Development & Technical Discussion
Re: Proposal to Address Dormant Bitcoin:Recycling Lost Coins into the Mining Process
by
o_e_l_e_o
on 01/08/2023, 07:18:07 UTC
What would happen if the owners recovered it's private key now or in the next years and suddenly woke up and moved some of its coins?  Huh Huh Huh Perhaps it would be Satoshi?
What would happen is that a bunch of Twitter bots would tweet "WHALE ALERT" or some other such asinine bullshit, a bunch of newbies would panic and sell, the price would go down a little, most of us here would buy more during the temporary sale, and all would be back to normal within a week. Nothing about bitcoin itself would change in the slightest.

I believe once given a hard choice of "change or die", the community could come behind the consensus of removing the supply limit and choose to see the currency become inflationary to keep incentivizing the miners than break the concept of not your keys not your coins.
Is that not just stealing a little from everyone rather than stealing a lot from a few? Making it inflationary makes everyone's coins worth less. I don't really see that as being a better solution.