Topic: Proposal To All Miners, To Recover Lost coins. A New Modified Blockchain / Core - page 2. (Read 1273 times)

https://paritytech.io/blog/security-alert.html

https://mobile.twitter.com/paritytech
https://parity.io

#1. Search Bitcointalk & google, many people lost access to founds, damaged HDD, death, etc...
#2. People kills for money, always have and always will, but usually is a more direct route...
Killing someone for an unknown ownership does not make sense, splitting profits with 11000 people, less. LOL. Jajajajajajaja
People kill because they can grab money fast, "they know the password."
But,
Anyway... A natural or artificial death, will destroy Bitcoin network in the end.

You die in a car accident, and nobody in your circle knows where you have the founds, or what is the password.
Or a plane crash, any unexpected death without will, will result in loss.

Or you get amnesia, and totally forget, or head trauma.

I'm not an elephant, i cannot remember all the 50 passwords I have on the internet...
Can you rember all?
If you get Alzheimer ?

#3. Bitcoin Virtual banks can solve the problem of death without will, or lost/forgotten passwords.
Also solve the problem of Fee, and the problem of waiting lines,
But virtual banks cannot guarantee hacker free.
Or return investment if stolen.
Also they centralize the network.

The problem worse than centralization, is the death of the network...
Many people does not seem to see. Bitcoin is already dead.

If continues as it is, Bitcoin has already died in the future.
Ask any time traveler. LOL. Jajajajajajaja

http://www.telegraph.co.uk/news/science/11945420/Who-was-John-Titor-the-time-traveller-who-came-from-2036-to-warn-us-of-a-nuclear-war.html

jep this centralises bitcoin again, it gives reasons to kill someone to then claim you found a lost wallet, with unknown ownership

Sorry - noob here so this might be a silly question; how do you know for sure they're lost Bitcoin and someone isn't just hodling hard?

Open in different Tabs:

https://blockchain.info/charts/n-transactions?timespan=all

https://blockchain.info/charts/my-wallet-n-users?timespan=all

https://blockchain.info/charts/utxo-count?timespan=all

https://blockchain.info/charts/total-bitcoins?timespan=all

https://blockchain.info/charts/n-transactions-per-block?timespan=all

Use your imagination, Make a guess.

lol does that mean that bitcoin will sooner or later become inactive because people over time loose their coins?

whats bitcoin efficiency currently?

Time can be increased to 100 years of inactivity.
Or can be increased gradually to 100 years...
From 5.
Or can be decreased gradually from 100 to 1. "Every Birthday."

Some people claim that 35% of coins are lost, and growing / increasing / propagating / extending.
A system like that, will never survive.

https://youtu.be/0EpC2T00PAE

https://youtu.be/cHZl2naX1Xk

This is a good project, core developers could make it happen by create a new modified nodes to detect inactive coins.
Although, it will be so complicated due to The founder stated lost coin is an additional value for the rest of coins in circulation, core devs probably don't want to change current nodes to distribute inactive coins. However, how if someone aim to keep bitcoin for a long term like 20 years? Then 10 years have passed, he wake up in the next day but all of his lifetime savings on bitcoin have been lost

Lost money, can never be good.
Lost energy, can never be good.
Lost time, can never be good.

Inefficient system is doomed to fail.
Evolution does not go inefficient.
Inefficient is against nature.
Nothing in nature is wasted...
What my cat does not eat, the birds eat. LOL. Jajajajajajaja

you don't want more coins, next Bitcoin birthday.?
That's ok, but not everybody thinks like you, and that's ok too. LOL. Jajajajajajaja

Because some people don't want more coins,
the coins should be shared Only to Nodes active in the last X24hours before Bitcoin Birthday.

People that don't want coins, can have what they want. LOL. Jajajajajajaja

If the private keys are not the only thing to move/own your coin are you sure it's secure ? Lost coins are good for deflation in long term distribution.

Proposal to All Miners:
Recover Lost coins.
A New Modified Blockchain,
& New Modified Core Wallet.

Lost inactive coins will be given to Miners Fee, or shared equally between all Bitcoin owners. "Active address"
Or given to Active Nodes with accumulated time of 1000 hours per year before each B-Day. "Nodes deserve it."
https://bitnodes.earn.com/nodes/network-map/

Requirements:
A way to detect Inactive coins, with more than 10 years.
A way to detect Active coins, within the last 10 years.
= Redundant security method.
Simple AND Logic.
https://en.wikipedia.org/wiki/Logic_gate#Symbols

New permanent code in the Core Wallet.,
To recover Lost / Inactive coins, with more than 10 years of inactivity.

Starting from the Birth of Bitcoin:
https://en.wikipedia.org/wiki/Bitcoin

The goal: Efficiency 100%.


PLEASE SHARe!!!
&
Long live to Bitcoin Cash.! LOL.