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Author Topic: Do you guys think that there will be a new technology to recover lost Bitcoins?  (Read 10213 times)

Offline Lenipiw

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Ethnically Bitcoin is improving. Bitcoin is becoming a much more popular currency around the world. The position of the Bitcoin currency is constantly improving. So Bitcoin is the most popular blockchain technology. Virtual transactions are constantly evolving technologically.

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Offline Master107

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If there is technology like that, I don't know if it feels like it will benefit people who lose their funds, but I find such technology difficult

Yeah. It will not be for the benefit of ordinary people :) But there is a big issue. People dye, people lose private keys or seed words, people forget them and this may affect the circulating supply deeply if we think it for the long term. But I am sure there will be some innovations on this issue.

We don't know and truly uncomprehending until the course of time to that machine launching, if there is. There might be a pro's and con's but let us assume that machine will be under regulatory and must be transparent to promote trust and enough proof of reliable. Dishonest and unstable development will end up to failure. People are wise.

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This is a very interesting topic, with a hard shell to crack.
Looking at it closely, in the aspect of technology evolving, maybe a technology with such solution may come up in the future, and this will be good with its own forms. With a technology of this nature, the possibility of getting into any wallet might and will be possible. Cause if a lost coin can be found without its key, then the difficulties of accessing any wallet with bitcoins won't be far from this technology. This also will make bitcoin to have another step in its own technology, so as to protect the holders and users of bitcoin from losing their coins.

I agree your opinion about this , This also will make bitcoin to have another step in its own technology, so as to protect the holders and users of bitcoin from losing their coins.
But I don't believe it will happen. Because I think No technology could recover lost bitcoin. I have read several opinion and many news about this technology. Until now, I don't find this. Maybe at the coming future, If there

With the constant growth and evolving nature of technology, it is obvious that the hard work will and is to be done inside and behind the scenes, so that it could be a surprise to the entire public when this technology is open to the general public. This technology is all on the manipulation of 0s and 1s, which its possibility is not far fetched. This might take a while to be of success, and this will make bitcoin to have an increased security system, in other to keep its own holders/traders safe.

Offline Tunir Baap

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It would not be wrong to say that the present age is the age of science. Science is constantly bringing new things in front of us. There are already many technologies out there that fully support Bitcoin. But if there was a technology that could be used to recover Bitcoin lost, then Bitcoin is another Would go to the stage.
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Offline Rony

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Bitcoin is becoming a much more popular currency around the world. The position of the Bitcoin currency is constantly improving. So Bitcoin is the most popular blockchain technology I believe that such technology cannot be created, because it will be speculated in any case.
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Offline I-Bit

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I don't think so. if there is such kind of technology, it may be utilized by the miners. And about the technology to recover the lost bitcoin, I am not sure it can because it will be really utilized by certain people to do that.Moreover, there are high number of the lost bitcoin itself

Offline kent47400

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For now, it doesn't exist yet, maybe in the future there will definitely be this technology because Bitcoin was created by humans and definitely has a way out.
Until now, this technology cannot be seen and maybe the better technology to be able to recover lost Bitcoin (due to private keys or forgetting pass phrase) should not exist because it is very dangerous for Bitcoin that has been circulating.
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Offline Zezari

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Maybe it's for the best when the number of bitcoins decreases, because of this, the price of bitcoin will only increase. Of course, the technology for recovering lost bitcoins will be needed at some point, but it will be problematic to do so.
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I don't think so. if there is such kind of technology, it may be utilized by the miners. And about the technology to recover the lost bitcoin, I am not sure it can because it will be really utilized by certain people to do that.Moreover, there are high number of the lost bitcoin itself

Yes , I agree Bitcoin is more popular and has high demand. But I don't believe that there will be a new technology to recover lost bitcoin.Because I think It is really difficult mate . maybe never ... Let's see.
« Last Edit: April 09, 2021, 05:39:37 PM by Doctor »

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Offline Tnoy30

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I received a news that some bitcoins have been lost along with the hardware. I don't know if they will ever be recovered. However, the main entrepreneur or authority of Bitcoin can take action in this regard. In other words, if they try to increase the supply, then Bitcoin will be a scam. So refrain from such thoughts. It is never possible.

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@Tnoy30 all lost private keys are lost Bitcoins, there is no way to get them back in any way, not even with quantum technology as I have read on some sites. And no one intends to expand the total supply of Bitcoin, it would not only go against the initial plan of Satoshi but it would also cause the economic value of Bitcoin to fall. Lost private keys cannot be recovered, and there are and will be 21,000,000 Bitcoins.
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Offline gabbie2010

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With advance in Artificial Intelligency AI and computational modelling it could be possible to recover lost Bitcoin in the nearest future how soon? it is difficult to answer, technological tools related to cryptocurrencies are vastly improving on daily basis eg scalability of Bitcoin using lightning Network LN and so on this and many more including recovery will also receive attention.

Offline Falcon

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I don't think so. if there is such kind of technology, it may be utilized by the miners. And about the technology to recover the lost bitcoin, I am not sure it can because it will be really utilized by certain people to do that.Moreover, there are high number of the lost bitcoin itself

Yes , I agree Bitcoin is more popular and has high demand. But I don't believe that there will be a new technology to recover lost bitcoin.Because I think It is really difficult mate . maybe never ... Let's see.
I agree bitcoin is popular and seems impossible to recover the lost bitcoin. Only super intelligent people may develop such technology but not all bitcoin will recover because some coins are totally vanished.

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@Falcon no matter how super smart some people are, you shouldn't forget the technical limitations and computational resources that would be required to do something like this. Currently it is not possible and will not be possible with quantum computers as some people say on some websites. Lost Bitcoins must remain lost, otherwise something like that would be used for stealing.
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Offline pealr12

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That will mean for satoshi Nakamoto to reveal his/her/they identify, because who else can work on a new technology to recover lost btc if not satoshi, which means this idea is not going to be possible,  all lost btc will remain lost for good and there is nothing that can be done about it.

 

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