If you want to say anyone can destroy their bitcoins by sending them to some unknown address the way Wormhole does, yes, but as CSW said, no longer used addresses will be mined again.
Who decides what's "no longer used"? It's reintroduction of trust and antithesis to Bitcoin. If such changes will appear on BSV chain, its tokens'll likely lose a lot of value
If you move your money it's used. If you don't touch it for 100 years the hash function will be cracked and the "sunken" money can be reused. If you ask me: another ingenious feature.
& if it isnt touched in 10 years? 5 years? 1 year? 6 months? when was the last time you 'touched' your retirement account? & cracked hash function is a different issue.
It cant be recovered if the hash function isn't cracked as far as I understood. Cracking the function takes time. Therefore moving your money before 100 years or so will make it used.
If his only point is that crypto will be cracked in the future, then yeah of course that will happen so why make it a point of contention now?
AFAIK the issue is that CSW wants to move 'lost funds' out of wallets (cant find where he defined lost) or out of wallets on BSV that use DSV on BCH
Hacking signing hash function is fine with me, I don't see manipulations with ledger that avoid signing anything on the protocol level, which was the idea on SV side, as valuable
You can make it so that addresses that haven't been used for 50 years or so, or more to be such... means its money sitting there for that long doing nothing, its either lost or hoarded
I decide what to do with my money and when. Bitcoin makes erasing my money from the ledger almost impossible. Changing that on some chains of Bitcoin will just make them less valuable
What if you die or lose wallet access? There are legit uses for this re-mining of such addresses. Just don't leave them forever like that, move them every few years & you're fine.
There are no such uses. This is lunacy, theft, and fraud. The very basis of Bitcoin is holding the private key and an immutable ledger.
Don't bother. He is a commie. Theft of other peoples funds is second nature :-)
The private keys CAN be brute forced, in the future it will be economical to do so in some cases. Who would you rather give an insecure private key to, a miner or a crook?
Neither. If there is a compelling reason, everyone will move funds to newer secure addresses.
https://allkeys.cash
Even if they're dead? Keys can be mined with computing power, miners run data-centers, it makes sense that miners will claim old keys since anyone can do it.
And I trust mathematics/physics. You are and will be unable to brute the private keys with current tech.
No kidding. I'm not talking about current tech. How long will the 160 bits hold? not forever, and we'll have to upgrade. If someone doesn't upgrade what do you do?
The 160 bit hash is just an extra layer to protect against a potential flaw in secp256k1. When you transact, you reveal the public key anyway (that's why we have change addresses).
I'm not qualified to answer that, but it looks like a fun experiment.
Yes, even if the private key is lost. It should be untouched. This is like asking Apple to put a backdoor into iOS “just for the good guys.”
It doesn't matter what 'should' be done. There is money up for grabs, it's nuts to think people will just leave it there. Given that people WILL try to claim it, how should that go?
Here is a tx ID for 50 BCH unprotected by Hash160. Good luck: b0e585927e1737d07bd8157a2ba9f7615ef8ecd2af6d03523e51b4d23e134b6a
Wait, do you acknowledge that the cryptography in the protocol will eventually have to be updated?
I never suggested otherwise. This is the part where you now try to continue justifying theft of funds "because someone will eventually steal it anyway." 🙄
It's not theft if you allow the owners to come forward and claim them. In fact, the miners are the best people to run such a system. They have the integrity of the currency in mind.
I'll pass on SV. Reclaiming funds by mining is theft and fraud. The end.
So dramatic :P What do you mean reclaiming by mining? How does that work? The method I outlined does not use mining hardware.
This is much better for the currency as a whole than to let them go to whoever or fall out of circulation forever.
Death or incompetence don't grant whichever arbitrary collective a right to my money. Nothing does except my own choice. Mine your own coins or the whole ledger will perish market-wise
"Re-mining"? Theft. And coins of chains with "re-mining" will be less of interest to me. Plain and simple. If it'll be BSV, then BSV will be less valuable to me than BCH
