Post
Topic
Board Bitcoin Discussion
Re: What about the lost BTC?
by
FinePoine0
on 02/04/2024, 08:07:07 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?



No, there is no way it can be fulfilled. Because your bitcoin is lost if you can recover then definitely try it. But it will never be possible for someone else to compensate you for this

If such a compensation system were in place, the value of Bitcoin would be much lower. Bitcoins have the highest value because lost bitcoins are not recovered.