woodMiner's avatar
woodMiner 1 week ago
I read the article, I read the BIP. I am trying to think through this rationally and not jump to any conclusions one way or another. Can you elaborate on one thing for me? It looks, from my reading, that the biggest argument for freezing / burning / whatever the "vulnerable" coins is because if they come to market they will have a negative price impact. Am I interpreting this correctly?
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Jameson Lopp's avatar
Jameson Lopp lopp@lopp.net 1 week ago
That's one major issue. Other issues are incentivizing procrastinators to upgrade their security, plus protecting users from losing their coins to an attacker.
Matt Corallo's avatar Matt Corallo
I believe you missed that disallowing “Quantum Recovery” is required in order to allow a majority of coins to be recovered by their rightful owners! We can allow people to spend funds if they can prove that they were built using a seedphrase and they know the seedphrase, but this only works if vulnerable spend paths are prevented!
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