Original archived Re: Dying bitcoins
Scraped on 06/06/2025, 09:47:28 UTC
Lost coins only make everyone else's coins worth slightly more. Think of it as a donation to everyone.
I wonder though, is there a point where the difficulty of generating a new coinbase is so high that it would make more sense to try to recover keys for lost coins or steal other people's coins instead? The difficulty of that is really high so for now it makes a lot more sense to generate but I just wonder what the real figures are.. would that ever become more productive? Maybe Satoshi can address this..
Computers have to get about 2^200 times faster before that starts to be a problem. Someone with lots of compute power could make more money by generating than by trying to steal.
Hello sir, I am from Vietnam, I am very curious why more than 34000 addresses containing your balance have public keys with a very absurd prefix because it only repeats 4 characters and sequentially from 0 to f according to those 34000 addresses, maybe in fact you just randomly picked 34000 public keys and hashed them to the address containing the block reward, that is why for more than 10 years those funds cannot be transferred because you yourself do not hold their private keys?