Author: Matthew Beton 2017-08-22 14:04:49
Published on: 2017-08-22T14:04:49+00:00
The conversation begins with a user expressing concern about the number of bitcoins that are tied up in wallets, which people have lost access to. However, it is noted that this may not be a significant issue because it would be impossible to distinguish between these lost bitcoins and those that have been left in the same wallet for a long time. The conversation then shifts to the idea of changing the rules in order to 'burn' or remove stale coins from circulation. This proposal is met with resistance as it goes against one of the key principles of Bitcoin - allowing individuals to control their own money without outside interference. There are concerns that if this rule is established, what other reasons will be deemed valid for someone to lose control of their coins? The conversation ends with the proposal being considered more appropriate for bitcoin-discuss and not bitcoin-dev.
Updated on: 2023-06-12T03:46:30.625540+00:00