Quote from: AGogi2003 on May 26, 2025, 09:11:41 AM

Bitcoin has made many people achieve their goals by just investing for the long term. When the price of bitcoin increases, it makes people that invest at a lower price achieve huge profit when the market goes well. Anytime a bull run occurs and the Bitcoin price increases deeply, investors are getting huge profits. I usually notice that is when scammers are active, mostly when the market is smiling, and are searching for who to scam. So I think if they have a source that you can recover your coin when it has been stolen, they will be better off because many people have invested for the long term, 4 to 6 years, and when they have achieved their goals, someone should not probably come from nowhere and make them lose everything they achieved for the long term

I usually reason when you have make your bitcoin or crypto transaction you can't cancel the transaction when you make mistakes on it, because many people have lost there coin by transferring to wrong address. So with how the technology is growing everyday, will there come and get a day, that you can recover your bitcoin, when you transfer to a wrong address, i mean through blockchain.

And I usually see that as what scammers are using as an advantage of scamming many people that fail to secure their wallets, probably because when they have access to your wallet, they will steal everything, and you can't track them. So I think that if they can get what will make you locate your coins when they have been stolen by scammers, that will reduce scammers in the crypto space.

So my question is, will there ever get a technology that you can recover your bitcoin from when you have been scammed. In my opinion, it can help many people that lost their bitcoin for the long term and appreciate the value more than before.

As it stands now Bitcoin transactions are irreversible. Once your Bitcoin is sent to the wrong address, there is no an Undo Button, or a customer care support team to call.

Now could there be a day where this changes?
Honestly I don't think that day could come anytime soon, one of the core things about Bitcoin is that once you send it, it's gone, and this is due to its decentralized nature. That is why it is very important
to double check wallet address, and maybe even send a test amount first.