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.
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Nope! 👎🏽 Don’t make decisions for anyone else’s store of value. This isn’t fucking Ethereum! 🚫
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 cooks the networks promise of my keys my coins and I can see that freaking a lot of people out who might just want to get out
Taking someone’s coin is a line I don’t want to cross.
Is finding and claiming long lost treasure at the bottom of the ocean is stealing?
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.
Theft from everyone else. That sounds familiar. *checks notes* Yep the biggest funder of Quantum computing research is the government!
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Ultimately Bitcoin is all about sovereignty of your coins. If one cannot manage that then should keep at custodian.
