Topic: Possible solution for recovering lost Bitcoin to the "blackhole". - page 3. (Read 4407 times)
January 12, 2012, 12:41:46 AM
Just because I have never spent my coins doesn't mean I don't still have them and want them. Dumb.
January 11, 2012, 10:13:10 PM
It could be done, with a patch but 51% would have to agree to do it. For most people it would not be in their interest as it would ever so slightly devalue their coins and add unnecessary complication to bitcoin.
We could just as easily decide to to stop the blocks from dropping in value next year, but again, why change what seems to be working?
We could just as easily decide to to stop the blocks from dropping in value next year, but again, why change what seems to be working?
January 11, 2012, 09:57:01 PM
1) You can never definitively know they are lost if simply sent to a wrong address.
2) Why do you care if some coins are lost? What if 50 tons of gold was "lost". Would you argue we need to go find an asteroid with no more or less than 50 tons of gold to replace the lost gold? What would happen if we didn't?
2) Why do you care if some coins are lost? What if 50 tons of gold was "lost". Would you argue we need to go find an asteroid with no more or less than 50 tons of gold to replace the lost gold? What would happen if we didn't?
January 11, 2012, 09:28:42 PM
It's not that easy, the blockchain was setup with an algorithm that has a limit of 21,000,000. You can't just add more onto that without changing the entire system. Why would do you think the lost coins would even need to be re-introduced?
legendary
Activity: 1862
Merit: 1011
Reverse engineer from time to time
January 11, 2012, 09:22:46 PM
Sense = your post makes none.
January 11, 2012, 09:17:08 PM
Guys,
I've already saw many threads talking about some Bitcoins that have been sent to the "Bitcoin Blackhole"...
Those Bitcoins will never back and, the person who sent them, lost money.
But, WE know that those Bitcoins are now in the Blackhole...
My proposed solution is, for example, when the last Bitcoin have been mined, I mean, when we reach 21.000.000 Bitcoins, we can measure how many Bitcoin are in the blackhole and append them to the total of Bitcoins in existance.
So, if 100.000 Bitcoins are in the black hole on the day we mined the Bitcoin number 21.000.000, we can release a new version of Bitcoin, wich will have 21.100.000 Bitcoins.
It can be done?!
I do not talking about Bitcoins lost by formated harddrive... But only those Bitcoins that was lost in the "blackhole"... The Bitcoins we all can see, in the blockchain, that are lost anyway.
Cheers!
Thiago
I've already saw many threads talking about some Bitcoins that have been sent to the "Bitcoin Blackhole"...
Those Bitcoins will never back and, the person who sent them, lost money.
But, WE know that those Bitcoins are now in the Blackhole...
My proposed solution is, for example, when the last Bitcoin have been mined, I mean, when we reach 21.000.000 Bitcoins, we can measure how many Bitcoin are in the blackhole and append them to the total of Bitcoins in existance.
So, if 100.000 Bitcoins are in the black hole on the day we mined the Bitcoin number 21.000.000, we can release a new version of Bitcoin, wich will have 21.100.000 Bitcoins.
It can be done?!
I do not talking about Bitcoins lost by formated harddrive... But only those Bitcoins that was lost in the "blackhole"... The Bitcoins we all can see, in the blockchain, that are lost anyway.
Cheers!
Thiago
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