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Topic: How lost Bitcoins might be handled in the future... - page 2. (Read 186 times)

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Does anyone else see a major problem with lost bitcoins?

A lot of lost gold and treasure was found using metal detectors. In the case of bitcoin there is no equivalent of a metal detector, and based on my understanding there would be no way to create something that would recover lost bitcoins like you can do with gold with current technology and protocol design.

This alone is a huge deterrent for a lot of people and could negatively impact the network. Especially since in the early days a lot of un-savy people will lose keys and hard drives, etc. Should there be a plan for "resetting" or re-mining lost bitcoins in the future. If bitcoins wallet holders declare there bitcoin lost, maybe there should be a way that it could be recovered using mining equipment. Similar to lost gold, lost bitcoin might never be recovered. Should it stay this way or should there be a way to "find" lost bitcoin other than somehow finding the private key in some sort of treasure hunt?

Baja Yaja
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