Topic: Proposal To All Miners, To Recover Lost coins. A New Modified Blockchain / Core (Read 1360 times)

Drug Dealer / Narco
lost $53Million Euros in Bitcoins.
https://www.irishtimes.com/news/crime-and-law/drug-dealer-loses-codes-for-53-6m-bitcoin-accounts-1.4180182

...

Nice Read:
https://en.bitcoin.it/wiki/Controlled_supply
https://en.bitcoin.it/wiki/Prohibited_changes
https://bitcointalksearch.org/topic/a-replacement-alert-system-should-be-considered-to-promote-updates-as-necessary-2175394
...
https://crushthestreet.com/articles/digital-currencies/bitcoin-core-classic-unlimited-whats-difference
https://99bitcoins.com/bitcoin-fork-segwit-vs-bitcoin-unlimited-explained-simply/
https://en.wikipedia.org/wiki/Bitcoin_Unlimited

also another interesting topic:
https://bitcointalksearch.org/topic/m.26388321

a new wallet, with a more advanced code, "Artificial Intelligence" able to detect all inactive coins using AND Logic,
for example: 0.36.1,
information gathering test phase. self-aware.
The new parallel database containing all the inactive address detected by each wallet, has a similar security method by mayority comparison to the Blockchain.

AND Logic on each wallet will give 2-layers of security, but because each wallet detects inactive coins/adddress individually, also needs a majority comparison method between wallets, similar to Blockchain security method, a minimum threshold of 51% of Node wallets must agree for each inactive address, that will increase the security, and accuracy. And Will guarantee No errors.

then a more advanced code is introduced, to Recycle the detected coins/addresses as inactive,
lets say for example: 0.40.1

the new wallet will spread between all Nodes and Miners, as usual.

since 0.14 there is a code called: Assumed Valid Blocks...
and also Pruning, that can be used to Recycle lost coins.

the New wallets will automatically detect all inactive coins/address accumulating X years inactive,
 individually using AND Logic, and collectively using majority comparison method with a threshold of 51%,
lets say inactive years is iny=1 or iny=2 or iny=3 or iny=5 etc... from Bitcoin Birthday#0,
"day 0, year 0. Genesis Block" oldest inactive are Recycled 1st, Oldest Inactive = Higher Priority.
 
the new wallet/code, will warn/remind all node wallets to move all coins to a new address, inactive or Not.
all wallets must warn every time is opened, and every day, then every hour, from the Bitcoin Birthday -100 to 0."
Move all coins, manually, or will be Recycled "If understand click OK to continue."
like a New Years Eve Count Down: 100, 99, 98, 97,... 0. Happy Birthday#20.!

GMT Time zones must be calculated to avoid errors.

All wallets will target & self modify the Blockchain automatically, simultaneously, replacing Private keys for detected inactive Address holding the inactive coins accumulating X=years...
the wallets will transfer all inactive coins to a single account, and then calculate how to split all coins evenly between all active Nodes in the countdown Birthday, lets say CBX=100.

imagine 1million inactive coins recycled, combined to a single new random address automatically,
the address is random generated and selected by all the active nodes like a Lotto,
 private keys are split between Nodes, like a piece of the puzzle, like RAID 10.

that means in this example: 10.000 coins available per countdown day, (Coins Recycled / CountdownBX)
if there are 10.000 Active Nodes in one of the CBX days, for example the day # "Bitcoin Birthday#20 -1",
All wallets will agree to send 1 coin to each Active Node that day, automatically (-) miners fee with highest priority.
payment for each countdown day = (Coins Recycled / CountdownBX) / (Active Nodes / Active Time).

if Next day "Bitcoin Birthday#20 day -2" were 5.000 active nodes, the walllets will send 2 coins to each Active Node that day.
if Next day "Bitcoin Birthday#20 day -3" were 20.000 active nodes, the wallets will send 0.5 coins to each Active node that day.
if Next day "Bitcoin Birthday#20 day -4" were 100.000 active nodes, the walllets will send 0.1 coins to each Active Node that day.
etc...
until "Bitcoin Birthday#20 day -100"

if a Single Node was active only 1 day in all the CountdownBX days, for example the day: BB#20 -55, will get that day, only.
if a Node was active "BB#20 -1, BB#20 -31, BB#20 -100" will get the payment of the 3 active days.
 "can be done by accumulated active hours per day, with a minimum of 16 hours per day = ActiveNode, like a Schmitt trigger."
database containing all the Active Nodes address, will have a similar security method to minimum 51% collective comparative method.
if all wallets agree a Node was Active All the 100 days with a minimum of 16 hours per day, will get the payment of all the 100 active days, split (-) the Active Nodes of those days.

for example: if 1 node was active all 100 days before Bitcoin Birthday#20, but 99 other nodes were active only 1 day each, different days,
Each Node will receive each day: (Available coins per day=(Recycled coins / CBX) / Active Nodes each day.)
in this example: (1million coins/100 days)=10.000 coins day / Active Nodes each day from Bitcoinbirthday#20 -100 days to 0.

if there was only 2 Nodes active every day, during the 100 day countdown from "Bitcoin Birthday#20 -100 to 0",
and the Total Recycled coins are 1Million, each Node will receive 5.000 coins per day,

but only 1 Node was active all 100 days of the countdown, that node will receive 500.000 coins total (-) miners fee with highest priority.
and all the other 100 nodes that were active only 1 day each, in different days, from BitcoinBirthday -100 to 0, will receive 5.000 coins each (-) miners fee with highest priority..
for a total of 1million coins Recycled, and 0 coins left in the Combined account, following the Kirchhoff's circuit law.

splitting all Recycled coins evenly between all Active Nodes, and Active Times.
Miners Fee Must be Highest Priority.

it´s like Birthday & Purge. LOL. Jajajajaja

Hey, thanks for throwing bunch of links but none of them answers my question.

I get your point. I know these coins are lost and more of them are getting lost, ever increasingly. What is your proposed solution/method for getting them back?

The reason Bitcoin split/forked into BitcoinCash, was to increase block size, block size is the limit of transactions per block.
Each New block appears every 20minutes aprox, unless there is someone with a Big&Fat Fee.

Waiting lines are transactions left outside the block "that could not make it", and are waiting for the next block to be included/to be confirmed.

According to http://www.btc.com
Right Now there are more than 92.000 transactions Unconfirmed,
= 135MB.
Each block 1MB, every 10 minutes = 1350minutes. = 22.5hours "a day."
Increased Fee is directly proportional to waiting line size.

Bitcoin Core/Classic is too slow, that's why developers split in 2, those who want to continue the original idea, and others who want to change the original idea.

Bitcoin Cash increased block size to 8MB if I remember.
But in a world of 7Billion, 8MB blocks is too little.

I've read somewhere that Bitcoin Core developers are planning to increase block size to 2MB.

BitcoinCash Right Now has 100 transactions unconfirmed, less than 100KB. 1/10 of a MB.
https://bch.btc.com/

I don't understand your question. I have no interest in determining which coins are lost vs stolen. My point is that the blockchain developers are also not concerned with this issue because they would never implement something to determine which coins were lost or stolen on the blockchain. Theft is a criminal issue, that can be dealt with by law enforcement. It's not the job of the developers.

I don't know what happened to the Mt. Gox coins, and it really doesn't concern me or the point I am making.

Here are some of the larger issues:

• Transaction Fees.
• Transaction Times / Scalability.
• Expanding the Infrastructure.

These are just a few.


Also, none of these links you provided demonstrate an ability to 100% prove that these bitcoins are in fact lost or stolen. Even the person in the Reddit thread stated his assessment was based on arbitrary criteria. There simply is no way to prove that a bitcoin is lost or stolen with absolute accuracy. However, I would be happy to review any mathematical proofs you have which would demonstrate such a feat.

https://www.reddit.com/r/Bitcoin/comments/2twrs7/all_42400_dormant_bitcoin_addresses_with_a/
http://www.coinbuzz.com/2015/03/31/23-bitcoins-mined-13-may-lost/

Not only lost, but sent to an inactive address;
https://support.coinify.com/Knowledgebase/Article/View/59/2/bitcoins-were-sent-to-a-wrong-or-inactive-address-can-you-send-them-back-to-me

Nvidia technology to the rescue:
https://www.coindesk.com/analysis-around-70-bitcoins-dormant-least-six-months/
https://www.reddit.com/r/Bitcoin/comments/2n205b/an_area_chart_showing_the_distribution_of/

the code is already written:
https://code.google.com/archive/p/blockchain/

never? can you tell "lost" vs. Stolen?

what happened with the 650.000 coins stolen from Mt.Gox ?
what are the larger problems facing right now that need to resolve first?
http://codesuppository.blogspot.com.co/2016/11/the-problem-with-on-chain-scaling-is.html

I do not see how you are planning to get these lost coins.

You missed my main point. Sure, they could do it. I'm saying that even though they could, they never would. The reason is very simple. If they did, the value of Bitcoin would go to essentially 0. Nobody would want to be involved with a coin where the developers would implement something that could take coin from any persons wallet, no matter the reason for taking it. The large miners probably know this as well, so they would never support a coin that did this either. I don't believe there is a fork coming for such a feature because there are larger problems that Bitcoin is facing right now which will probably need to be resolved first.

i smell a split coming. LOL.

but seriously, if 51% of miners agree to take all your money, developers or not, they can.!
only people having independent Nodes, can avoid Miners stealing all the money. LOL.

a reward for Nodes is more than fair & useful.

eventually everybody will lost the money, and Bitcoin will die.

Think of Recycle, if earth does not recycle... what happens? LOL. Jajajajaja

This will simply never happen. If the development team implements something that could take bitcoin away from a wallet, the blockchain becomes useless. The reason is that nobody would dare invest in something that the development team has free reign to decide who gets coins. The value would crash and everyone would leave to other coins.

http://www.dailymotion.com/video/x6b0842
http://www.dailymotion.com/video/x6b2ed8
http://www.dailymotion.com/video/x6ao4s5

https://www.theverge.com/2017/11/21/16684296/tether-cryptocurrency-stolen-30-million-hack

https://news.bitcoin.com/quantum-physics-astrology-predict-bad-things-bitcoin/

http://www.express.co.uk/finance/city/879404/bitcoin-cryptocurrency-online-currency-Etherium

Read 397 times. Sad. LOL. Jajajajajajaja

Nobody?

Nobody wants more coins?

https://news.ycombinator.com/item?id=15642856
https://m.slashdot.org/story/328945
https://bitcoinwiki.co/ico-funds-among-millions-frozen-in-parity-wallets/
https://news.bitcoin.com/parity-introduces-bitcoin-software-rust/

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.