Imagine a future where lost, vulnerable coins are a $50T honeypot. Is that the prize we want to offer for the first Quantum Computer out of our collective pockets? Bitcoiners shouldn't be the ones sponsoring the quantum frenzy. We aren't freezing funds to "save" them like we would for Saylor vs. The State. We are freezing them because lost coins must remain lost. Loss is deflationary - quantum "mining" lost coins is inflationary. With years of notice, the deal is simple: Move your coins to quantum-safe addresses, or thank you for your donation to the deflationary supply.
ODELL's avatar ODELL
yes, the alternative is to effectively preemptively steal their bitcoin which is strictly worse should we burn saylors coin because the us gov might steal it?
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21seasons's avatar
21seasons 1 week ago
If you compare it to gold. Somebody might lose their huge stash and someone else could find it later, should we destroy (freeze) the gold? There's ~21M coins, finding a lost coin is not inflationary in that sense.
We celebrated lost coins as deflationary. And we controle bitcoin. Why should nocoiners get to find giant stashes of lost coins? That's why I say: we shouldn't shoulder the quantum frenzy.
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