When a private key is lost, it is merely out of circulation. It may be many years, but all old addresses eventually become mine-able and can be recovered.
Returning “lost” money into circulation is a future means of miner revenue and analogous to salvage firms who seek lost bullion on ships that have sunk in the sea.
To allow for this vision and end, the SV implementation of Bitcoin will be removing the flawed code that allows “burning” of coins permanently. This is not an instantaneous process, and it will take time, but all of this lost money will be returned into circulation.
you have no idea how retarded you sound to anyone that knows the math on this. you gonna mine private keys and hope that the universe lives long enough to crack one? this is the whole fucking god damned point of crypto.
Nicholas Foster
no there isn't lmao
Jonathan Murphy
??? there's already a project which have cracked several private keys. keys.lol (yes, that's a real link)
Could someone explain this to a brainlet? Let's say that moore's law continue and we are in the year 2069. How long would it take to crack a private key if I have a top notch gaming rig? What if I have a small scale datacenter? Just trying to get a grasp on this
Isaiah Stewart
When craig ends up in jail will we still have craigposting?
Jason Smith
LOL and how much time for your collision to happen, faggot? go ahead, try to collide with a gigantic whale address full of BTC I can input a full public key on a vanity generator and hope it finds it before I am 5 trillion years old
good fucking luck
Isaiah Smith
Without quantum computing, instead of trillions of years, maybe billions of years.
Michael Williams
quantum computers?
you really must be retarded to be not informed at all
Andrew Gonzalez
schizo talking about something that doesn't exist go ahead and use your quantum asshole to decrypt this 1NDyJtNTjmwk5xPNhjgAMu4HDHigtobu1s LOL
Craig here. The plan is to implement OP_ANYONECANMOVE such that anyone, anywhere can spend any coin that hasn’t moved in, say, one year and one day. Don’t like it? STIFF
How do you determine a key is lost? Or are you suggesting they're working on a way of stealing peoples private keys, in which case crypto is dead
Julian Gray
What if someone is just storing their bitcoin long-term and doesn't want to touch it for years?
Wyatt Rogers
BSV won't allow to do that apparently, there is no freedom in the liar fork
Adrian Torres
you will have a very rude awakening...
Chase Morgan
Yeah sure, there are more possible combinations than there are atoms on earth. See you in about 6000 quintillion years per adres.
Charles Thompson
Of course. People have been working on it from day one.
The approach is to exploit bad key generation. The security argument is led by the large keyspace making collision unlikely but factually many attacks were done with success because the keygenerators used in reality only a small section of the keyspace.
Wyatt White
lmao the Chinese will have quanum computer first.
How does it make you feel that Hal Finney's million BTC will be socialized and equally distributed amongst the poor under the State control.
The pool found a private key to 7d89ad89cd10a3867b8f6bfc803838fa101b598b (1CSnQ1LnY37rwz8ezJn5xQrCrifZxExpWV) as 0x5e1667c899783. At the time of the find, there were 0.00001 BTC on that address.The funds were transferred to custody at 1Dg1XnH9BLKFf4XrWioYsxDJjSxr996Miq . See the announcement and the modalities of the return of the funds to their rightful owner here.
Bentley Rogers
I can confirm this. I was the pool member who cracked this address.
Benjamin Smith
yea this shit doesn't make any sense at all. only way to implement it is to put code in that automatically transfers coins from old address after a set amount of time. also now hes backtracking on "protocol set in stone". so much for that eh?
Ayden Sullivan
he said "can't crack one" i said that's wrong because it already happened.
