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@satsie 1742145334

This is a great summary of the arguments for and against burning coins that do not (eventually) upgrade to a quantum resistant signature scheme. I hadn’t considered the possibility that anyone had a choice in the matter, but the more I think about it, the more I am in favor of burning quantum vulnerable coins.

Jameson Lopp @Jameson Lopp · 77w

In my latest essay I weigh in on the controversial issue of how to deal with quantum vulnerable bitcoin in a post-quantum future. After great consideration, I think it's best if we burn quantum vulnerable coins. https://blog.lopp.net/against-quantum-recovery-of-bitcoin/

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Nope! 👎🏽 Don’t make decisions for anyone else’s store of value. This isn’t fucking Ethereum! 🚫

TheBitcoinManual · 77w

I get that those recovered coins would add to the free float but if all that holder wants to do is cash out eventually they are absorbed by holders like we've seen with so many of the post-bankruptcy distributions The hard cap is still the hard cap! As for assurances of property rights yeah kinda...

Is finding and claiming long lost treasure at the bottom of the ocean is stealing?

Hypno Kitty · 77w

Much as I hate the idea of Satoshis sats going to quantum thieves, I think this is the way. Not our keys, not our coins. Let's not change the basic rules cause they're inconvenient for us.

The supply is what the supply is. Artificially manipulating the supply is silly. If people can recover lost coins with quantum computers like divers can recover treasure from a wreck, then more power to them. It doesn’t change the 21M.

Ape Mithrandir · 77w

Theft from everyone else. That sounds familiar. *checks notes* Yep the biggest funder of Quantum computing research is the government!

Weatherall · 77w

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Weatherall · 77w

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Sovereign · 77w

Ultimately Bitcoin is all about sovereignty of your coins. If one cannot manage that then should keep at custodian.