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Author Topic: Do you guys think that there will be a new technology to recover lost Bitcoins?  (Read 10076 times)

aiviaa485

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It is true that at this time this technology does not exist because there is no way to revive the lost Bitcoin.
Many have speculated that the lost Bitcoin could be searched using a quantum computer, but the proof is that quantum computers have not yet been born.
Maybe if Bitcoin is lost then for sure we will suffer losses and it will be very sad.

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Offline Arkann

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It is true that at this time this technology does not exist because there is no way to revive the lost Bitcoin.
Many have speculated that the lost Bitcoin could be searched using a quantum computer, but the proof is that quantum computers have not yet been born.
Maybe if Bitcoin is lost then for sure we will suffer losses and it will be very sad.
I completely agree with you that quantum technologies are very powerful and will be able to recover all lost bitcoins. you also need to consider the fact that a quantum computer can also find access to any bitcoins, whose owners are very careful to keep their data secret. That is, almost every cryptocurrency user will be at risk.

Offline Freemind

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@Arkann quantum computers are still in "theory", there are still years, many years to go to see a fully functional quantum computer. After all those years, quantum computers will not be like a smartphone, that anyone can buy one, they will be within the reach of some institutions, military, medical... And do you know what will happen next?. That Bitcoin and all cryptocurrencies can be protected as several developers have already said.
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Offline Alcor

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It is true that at this time this technology does not exist because there is no way to revive the lost Bitcoin.
Many have speculated that the lost Bitcoin could be searched using a quantum computer, but the proof is that quantum computers have not yet been born.
Maybe if Bitcoin is lost then for sure we will suffer losses and it will be very sad.
Quantum computers already exist and perform well when compared to conventional computers. Moreover, they are even gradually increasing their power and functionality. I read that China is already supplying low-power quantum computers to schools to learn how they work and their technical characteristics.
It is quite possible that thanks to them, it will be possible to restore access to previously lost bitcoins and other cryptocurrencies. However, at the same time, quantum computers pose a huge threat to the existence of cryptocurrency.
« Last Edit: July 26, 2021, 09:28:15 AM by Alcor »

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It is practically impossible for the time being, may be it will happened in the future. A lost bitcoin is has no hope of recovery, may be Satoshi Nakamoto will have to help in this regard. The bitcoin founder may have a "technical know how" to start this difficult job otherwise it will be impossible for anyone else to embark up on.

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Offline Freemind

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It is practically impossible for the time being, may be it will happened in the future. A lost bitcoin is has no hope of recovery, may be Satoshi Nakamoto will have to help in this regard. The bitcoin founder may have a "technical know how" to start this difficult job otherwise it will be impossible for anyone else to embark up on.

I'm not sure this is possible, if Satoshi had left a "back door" to recover lost Bitcoins, what he would do is damage his own project. In addition, the code is public and anyone can review it, and above all the correct question would be, who knows or who decides which Bitcoins are lost and which are kept for years?. That question has a difficult answer because no one can provide evidence.
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Offline mlawson71

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I think everything is possible. People may come up with something new in the future to recover Bitcoin, even if there is no back door.

Altcoins Talks - Cryptocurrency Forum


Offline Freemind

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I think everything is possible. People may come up with something new in the future to recover Bitcoin, even if there is no back door.

That would spell the death of Bitcoin, as anyone could steal them from other users' addresses. There is nothing like it nor will it exist, otherwise everything would be chaos. Answer me a question, how would you distinguish an address whose private keys have been lost from an address that has Bitcoins for years?. It would be impossible to know that and everything would be theft of wallets.
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Offline Suma Islam

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Do you think a new technology will come to recover lost bitcoins? In answer to this I would like to say that the present age is the age of information technology. The new things that are being introduced at this time are being discovered for a new job. But no one doubts that no technology can be created to recover Bitcoin. There are many things in the world that have not been invented to create.

Offline Brithyislam

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I have no idea how to recover bitcoin. Recovery means replacing old bitcoins with new ones. This task does not seem to be possible. Some things go unnoticed, but Bitcoin can be recovered

Offline Freemind

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I have no idea how to recover bitcoin. Recovery means replacing old bitcoins with new ones. This task does not seem to be possible. Some things go unnoticed, but Bitcoin can be recovered

The question in this thread has nothing to do with replacing "old" Bitcoins with "new" ones, that would be totally impossible since then there would be more than 21,000,000 as it is written in the code. In this thread we talk about recovering the Bitcoins whose private keys have been lost, but that is not possible either and I hope it never will be. If such a thing existed, it could also be used for other coins/tokens, and it would all be chaos.
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Offline AllSii

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At the moment when such a technology appears that can restore the lost bitcoins, the cryptocurrency will cease to exist, because the owners of such technology will get the opportunity not only to restore the lost BTC, but also to steal coins from any wallet.

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I think the lost bitcoin will never be found again. There are some things that once lost can never be found again. So far no device has been created to recover the lost bitcoins. I hope such devices will not be made in the future. If it is very good for us then we will get back the valuable coins

Offline sacrotic

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Many people will agree if this technology exist but the problem is what if they use it for joke or crime, that's really bad. I never agree about this technology because all depend the player as long they careful everything will be fine. Support for low fees and solve busy network is better technology to keep doing, find the solution faster before bitcoin ( crypto ) lost the value.

Offline Freemind

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Many people will agree if this technology exist but the problem is what if they use it for joke or crime, that's really bad. I never agree about this technology because all depend the player as long they careful everything will be fine. Support for low fees and solve busy network is better technology to keep doing, find the solution faster before bitcoin ( crypto ) lost the value.

I am completely sure that the vast majority of people would use technology like that to steal. It would be something like being able to withdraw money from bank vaults without having to approach, It would be the end of all our investments and it would also be the end of all cryptocurrencies. There should never be something like this, for the good of the ecosystem and for the good of ourselves.
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