Quote from: lombok on February 12, 2024, 04:39:39 PM

Quote from: PrivacyG on February 12, 2024, 04:32:41 PM

Quote from: roller33 on February 12, 2024, 12:07:20 PM

Knowing that BTC has a limit, and we're getting there soon, isn't it possible to have some compensation for those lost BTC?

Something like adding more BTC in an equivalent amount for those lost BTC, or something similar.

How do you determine which Coins are lost and which are not?

I have Addresses I have not used in MANY years. I likely have a few Private Keys or Seeds hidden somewhere in the middle of some random note book. These Coins are not lost.

Think about it. Some body may have died a decade ago with a Seed hidden between two pages of a book. Their relatives may decide to read that book in 2050. Would that be lost Coins?

There are dormant Addresses since 2010 and the likes which have moved recently. This is why we rather call it DORMANT Addresses and not Lost.

And then it does not make any sense. Why would there be a compensation for the lost Bitcoin. With Bitcoin you are responsible for your own actions. You decided to not take care of the Bitcoin? It is what it is. The Coins are lost. Move on. I bet there are many who do not even remember they ever had Bitcoin back in 2009 on their computer. Their Hard Disk is laying somewhere in the middle of a giant pile of trash and will probably never be retrieved ever.

Why would Miners earn more Bitcoin and why would we all have more Inflation for others mistake.

Lost Coins are just never going to be moved. That is all.

It's true that in my opinion Bitcoins are simply not or have not been accessed again by their owners. Bitcoin holders or owners who lose their phrase actually only lose the private key used to access Bitcoin. Losing the private key does not mean losing Bitcoin. Bitcoins will remain in the wallet forever and cannot be taken by anyone or even lost.

Maybe the owner just forgot or hasn't found the private key yet.

Well, if you have a money that is locked forever, even if you know that it is there, but it can't be used or moved, than it can be considered lost, can't it? hahaha