Post
Topic
Board Bitcoin Discussion
Re: What about the lost BTC?
by
Moreno233
on 03/03/2024, 07:36:03 UTC
I was reading about some cases of people who had many BTC at a time when it has low or no value at all, and didn't care about it, so they eventually lost their security phrases, or hard wallets and now it is lost probably forever.

I've read that the amount that is considered lost can be up to 5 million BTC. That is about 1/4 of the total amount available.

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.

Would it be positive for the currency or could bring some caos?
Compensation for their carelessness or what? Most people who lost their Bitcoin were as a result of their mistakes not that there a natural disaster or something that made them lose those coins different from their own fault. I think records has it that most of those incidence occurred when Bitcoin was not worth anything so they never believed Bitcoin could be anything of value else they would have protected their assets with everything within their powers. If there will be compensation to them, who will pay the compensation and from which treasury? Their Bitcoin is lost and lost forever so that others can learn to be more careful with their assets.