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?
Here's the thing, there's some way we can retrieve those, but that would be too much trouble legally and technologically, soon as the lost bitcoins are retrieved everyone who lost their coins, and even those who not will speak up about it hoping to get their piece of the pie back. Issues will arise and this will become a problem. I think the system is better off for now not dealing with the lost bitcoins, after all, it's going to take at least a hundred years or so for all bitcoins to be mined so we still have time aplenty to prep things up, and of course, stock up on bitcoins. It's also worth noting that bitcoin isn't the only cryptocurrency on the market right now, there are literally hundreds of safe choices out there to choose from and you'd still be able to make a bag out of them.