Topic: Restoring Lost Bitcoins - page 3. (Read 2656 times)
I mined the coins, it's my godamm'd right to never spend them! The unborn grandkids that will inherit them will think it's novel that I mined them on a video card that didn't even have a laser 7 holo output or quark computing.
No? Why?
Since there is no way of telling idle bitcoins from lost ones, the only way I see to tell them apart is forcing the idle ones to "show up" before some "deadline," and if they don't, then expire them. If not, then please let me (and the others) know why not.
Since there is no way of telling idle bitcoins from lost ones, the only way I see to tell them apart is forcing the idle ones to "show up" before some "deadline," and if they don't, then expire them. If not, then please let me (and the others) know why not.
Someone goes into a coma for too long, they wake up to their bitcoins gone. Thats just one example, but enough for me.
No? Why?
Since there is no way of telling idle bitcoins from lost ones, the only way I see to tell them apart is forcing the idle ones to "show up" before some "deadline," and if they don't, then expire them. If not, then please let me (and the others) know why not.
Since there is no way of telling idle bitcoins from lost ones, the only way I see to tell them apart is forcing the idle ones to "show up" before some "deadline," and if they don't, then expire them. If not, then please let me (and the others) know why not.
I think at least part of the reason is that it would force people to spend their bitcoins at some point, and thus at least partially identify themselves.
This is a fallacious argument: The lack of anonymity of Bitcoin is a consequence of not taking the required measures to make it anonymous, rather than a consequence of spending it.
No? Why?
Since there is no way of telling idle bitcoins from lost ones, the only way I see to tell them apart is forcing the idle ones to "show up" before some "deadline," and if they don't, then expire them. If not, then please let me (and the others) know why not.
Since there is no way of telling idle bitcoins from lost ones, the only way I see to tell them apart is forcing the idle ones to "show up" before some "deadline," and if they don't, then expire them. If not, then please let me (and the others) know why not.
I think at least part of the reason is that it would force people to spend their bitcoins at some point, and thus at least partially identify themselves.
Quote
The solution is to define an expiration period for bitcoins
NOQuote
The expiration interval could be a very comfortable one, say, 10 years.
NONo? Why?
Since there is no way of telling idle bitcoins from lost ones, the only way I see to tell them apart is forcing the idle ones to "show up" before some "deadline," and if they don't, then expire them. If not, then please let me (and the others) know why not.
If you were lucky enough,
also if you are lucky enough, you can jump out of the window and not hitting the earth.the recover lost addresses, is just unlikely. even if every atom in the universe, could generate 10mio addresse per second. and had done that since the beginning of the universe, they would with 99,9999% certainty not have found two equal addresses.
I think the way to restore lost coins has been build into bitcoin system. If you were lucky enough, bitcoin client would generate you an address witch has been used before, and probably contains lost coins.
Deflation is better than the current exploding money-systems ;-)
If the people would hold their bitcoins because of a deflation then the economy will suffer and the trust in the bitcoins will go down.
But the idea with expiring money is not bad and will force the cycle of money.
Money should be go through a lot of hand and make a lot of benefit.
Money which will stored for longer time is one of the main reason that the world have exploding debt.
If the people would hold their bitcoins because of a deflation then the economy will suffer and the trust in the bitcoins will go down.
But the idea with expiring money is not bad and will force the cycle of money.
Money should be go through a lot of hand and make a lot of benefit.
Money which will stored for longer time is one of the main reason that the world have exploding debt.
Quote
The solution is to define an expiration period for bitcoins
NOQuote
The expiration interval could be a very comfortable one, say, 10 years.
NO
Hi,
Here is a way of restoring lost bitcoins.
By design, it is impossible to tell idle bitcoins from lost ones. However, with time, there will be an increasing number of lost bitcoins, which will further increase Bitcoin's inherent deflation unnecessarily. How to avoid that? The solution is to define an expiration period for bitcoins, after which any public key that does not reappear in the block chain will expire. Then the Bitcoin client must have functionality to resend those bitcoins to their current wallet (or to any other wallet) before they expire (the client could periodically verify and warn the user, asking what to do). The expiration interval could be a very comfortable one, say, 10 years. After their expiration, the network nodes can mine those expired bitcoins again, so mining remains residually alive.
Please comment on that one.
Here is a way of restoring lost bitcoins.
By design, it is impossible to tell idle bitcoins from lost ones. However, with time, there will be an increasing number of lost bitcoins, which will further increase Bitcoin's inherent deflation unnecessarily. How to avoid that? The solution is to define an expiration period for bitcoins, after which any public key that does not reappear in the block chain will expire. Then the Bitcoin client must have functionality to resend those bitcoins to their current wallet (or to any other wallet) before they expire (the client could periodically verify and warn the user, asking what to do). The expiration interval could be a very comfortable one, say, 10 years. After their expiration, the network nodes can mine those expired bitcoins again, so mining remains residually alive.
Please comment on that one.
Jump to: