Quote from: Lucius on Today at 10:58:01 AM

When you say "redistribution"[/i], are you talking about Satoshi coins being returned in some way to be mined again (if that's even possible?), or being put back into the system in some other way - although I don't see how that could be done and who would be the ones who would get a share of those coins?

@Merit.s is correct: I mean the "re-distribution" would be the actions of the quantum attackers. If someone doesn't touch his coins after several decades of having the possibility to move them (the possibility already exists! Satoshi simply could move them with P2(W)PKH transactions to new addresses and they would be quantum safe) then they're probably not meant to be moved, or can't be moved (e.g. if Satoshi passed away).

Many Bitcoiners seem to like the situation to have 10% coins less in circulation, because the fact that Satoshi's coins are currently not circulating, superficially adds to their flawed notion of "scarcity". But Satoshi's coins are also the base for a lot of FUD. Only recently I saw a thread created by a bunch of "newbie" sockpuppets trying to scare people with the idea that Satoshi moved his coins. The fears these threads generate every now and then actually are also actually adding to selling pressure ... maybe, if we take into account that this FUD could continue for hundreds of years (!), it is bigger than the selling pressure generated by a hacker who stole all of Satoshi's coins.

How these coins are redistributed exactly isn't important. Letting "quantum hackers" do the redistribution work imo is simply the simplest way, because it's probably the only option without a hard fork or at least a "hard fork opportunity" (a controversial soft fork which could lead into a new family of Bcash-style altcoins).

Quote from: Lucius on Today at 10:58:01 AM

My opinion is that Satoshi coins should simply be burned if at all possible before quantum computers become a threat - because Satoshi clearly didn't want to "consume" them in any other way, and he had to mine them for Bitcoin to even start. If Satoshi is alive and if he understands what these coins represent, I hope he does something with them before hackers get their hands on them.

Yeah, that's exactly the opposite opinion of mine. Wink

IMO that's okay to have distinct opinions at this topic because I think the problem is vastly overrated. It's 5% of the circulating coins, not 30%. So from the point of view of monetarism, Satoshi's coins entering circulation again should lead to a 5% lower price. Not to a crash to zero.