⭐ Merited by vapourminer (1)
Hey, this is my first post on this forum. I found it the most relevant forum to share my thought, so I created an account.
We are still getting closer to quantum computing, which in itself wouldn't cause much of an issue to most due to new quantum resistant encryption algorithms. The developers can swiftly fork the network - new quantum resistant addresses will appear. There is just a slight issue, what do we do with addresses which have no owners, or Nakamoto's wallets? Nobody can move the bitcoin from the weak addy to a strong quantum addy. They will be waiting till the day somebody gets access to them by breaking the old standard with quantum computing.
And what do you suggest? How to solve the problem that requires access to this wallet? Revive the owners of the lost wallets? Hack these wallets ourselves before the thieves and destroy 1M bitcoins? We are still getting closer to quantum computing, which in itself wouldn't cause much of an issue to most due to new quantum resistant encryption algorithms. The developers can swiftly fork the network - new quantum resistant addresses will appear. There is just a slight issue, what do we do with addresses which have no owners, or Nakamoto's wallets? Nobody can move the bitcoin from the weak addy to a strong quantum addy. They will be waiting till the day somebody gets access to them by breaking the old standard with quantum computing.
How can you destroy something that doesn't exist (and can't be destroyed)? It seems to me that you are starting to solve the problem ahead of time, long before it has arisen. Or maybe it will never arise.
I heard that Satoshi holds over 1M bitcoin on his wallets, he better be alive and active somehow. A theft of 1M btc would cause chaos. Well it wouldn't change how bitcoin works, but you get my point, it is no good. We can neither confiscate the bitcoin or hold it somehow (even if there is a way to do so, it would not bring any good reputation to the situation). We can't transfer the old addy format to the new one obviously. We are left with the option to wait and see whoever gets it first, China, Russia, US..?
I can already imagine how a computing war will break out for this wallet. 
Although, why hasn't it been done yet? Large countries could throw all their resources into gaining access to this wallet - it's like winning the jackpot.Gaining access to this wallet with 1M BTC, but means that all these coins will be sold immediately and the market will collapse. Of course, this will create a stir on the cryptomarket and some of the "weak hands" will sell their bitcoin, as they do at any 1st panic. But think about it, not only ordinary citizens become bitcoin holders, but also companies, corporations, and even entire countries. They invest in bitcoin not for 1-2 years, which means that even in such situations, they will not get rid of their btc, which will keep the BTC-price at the proper level. In short, there will be no chaos, but only a "small" stir in the community. Which, first of all, will have more of a psychological character (theft from this wallet will undoubtedly be a shock for the BTC-community), rather than an economic one.