Topic: 4.45 million bitcoin untouched for 5yrs,do BTC community can retrieve in future? - page 3. (Read 464 times)
June 02, 2022, 05:35:54 AM
In the first place, how would you know if coins on certain wallet addresses are actually 'lost' and not with the owner just holding silently by not spending or moving the coins around?
June 02, 2022, 05:26:36 AM
I will speak for myself, as I don't know what's the others' opinion (neither do I care): I will never configure my node to do such thing.
[I assume you're referring to the [impossible] possibility that one day the BTC network decides to distribute the coins to everyone?
]Anyway, you can already make your node configured as strictly as a peer only, and disable the wallet functionality with wallet=0. I have actually done that already some time ago. Not that the protocol can force you to create a wallet or access and RPC calls purely by a message from a peer though, so adding this is not necessary.
June 02, 2022, 05:23:46 AM
My questions is that ' is there any possibility that some point in time in future BTC community might decide something which can retrieve this lost BTCs?
If technology (especially quantum computers) develops and the value of bitcoin increases exaggeratedly, some may try to (restore) some of the old bitcoins as they were sent to the public key directly (P2PK.)Other than that, as long as you are generating seeds randomly, you are not sending from your cold storage address, it is impossible for anyone to spend your money other than you as long as you are the only one who knows your seeds.
June 02, 2022, 03:58:29 AM
I will speak for myself, as I don't know what's the others' opinion (neither do I care): I will never configure my node to do such thing.
I'm with you.@OP: I already came up with a name for your Forkcoin: Bitcoin Steal!
While on the subject of Forking, if I ever make a Fork, I'll call it BitcoinLV (BLV): Bitcoin Loyce Vision or Bitcoin Loyce Valenzuela. I wouldn't hold my breath though.
June 02, 2022, 03:49:12 AM
I will speak for myself, as I don't know what's the others' opinion (neither do I care): I will never configure my node to do such thing.
June 02, 2022, 03:35:37 AM
My questions is that ' is there any possibility that some point in time in future BTC community might decide something which can retrieve this lost BTCs?
1. We cannot foresee what the future holds.
2. Untouched coins are not necessarily lost. One very common example is the funded collectible coins and items. Hence if it's ever decided that those coins will "return into circulation", that would mean in some cases stealing/confiscation (!).
3. My questions to OP is: why do you think that such move is necessary? Do you know that the maximum (almost) 21M Bitcoin we'll ever have means (nearly) 210 000 000 0000 000 satoshi?
June 02, 2022, 03:30:05 AM
My questions is that ' is there any possibility that some point in time in future BTC community might decide something which can retrieve this lost BTCs?
No.Lost coins only make everyone else's coins worth slightly more. Think of it as a donation to everyone.
June 02, 2022, 03:23:48 AM
My questions is that ' is there any possibility that some point in time in future BTC community might decide something which can retrieve this lost BTCs?
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