Author: Chris Riley 2017-08-22 18:55:15
Published on: 2017-08-22T18:55:15+00:00
The conversation thread between Matthew Beton, Chris Riley, Thomas Guyot-Sionnest, and Erik Aronesty on the bitcoin-dev mailing list discusses the idea of removing stale coins to prevent them from being hacked, as computer technology advances. The proposal suggests that removing stale coins at heights 630000 or 840000 would provide a solution for this issue; however, some argue that it is unnecessary and irresponsible to change Bitcoin in such a way. Moreover, there are concerns about the possible theft of coins by third parties, which could lead to a loss of control over one's own money. Nevertheless, proponents of the idea suggest that it will keep mining rewards up and encourage people to move their money around the economy. The discussion also touches on quantum computing threats to Bitcoin security and the need for higher security wallets to protect against them. Overall, the thread explores different perspectives on how to safeguard Bitcoin and its users in the face of technological advancements.
Updated on: 2023-06-12T03:46:49.716046+00:00