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?
Bitcoin model is the model of scarcity. If bitcoin is abundantly available for everyone, it will definitely lose its value. Even satoshi nakamato in the white pepper addressed this issue by saying that the lost bitcoins are advantage to the Bitcoin network because it increases it scarcity status. In his words, he is of the opinion that lost bitcoins should be regarded as bitcoin sent to everyone's addresses 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?
The bitcoin developers should and will not try to touch the 21 million fixed supply because that is the key to bitcoin success.