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Author Topic: Do you guys think that there will be a new technology to recover lost Bitcoins?  (Read 10085 times)

Offline 0t3p0t

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A lot of people posting that they successfully recover their funds for a long time but how about those who have lost their Bitcoins? Is it possible in the future that there will be a technology that is specialized in recovering lost Bitcoins in just a matter of minutes or an hour? If that time comes, do Bitcoin hodlers are in trouble too as their funds might also be vulnerable and be compromised?

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Offline fadl4

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I'm not sure there will ever be, because it is very difficult to detect and if there is such technology, it would be expensive to sell it, maybe the price of the technology is not worth the loss of bitcoins.
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Offline gurunanakji777

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I don't think lost Bitcoins will ever recover again as we all know we can not access the wallet without keys So without a key it's not seems possible at the moment. If we are able to recover the bitcoin with different technology then certainly Bitcoin holders will be at risk because the technology can be misused. But I don't think it will possible as BTC is decentralized.

Offline Master107

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The idea is seemingly going to Mars.
It takes time before the successful launching.
There are stages to progress.
Solid and perfect prototype is a must.
Recovering the lost cryptos is possible in the future.
Creative and intelligence people loves the impossible complex codes and make it to possible.

In the past it was impossible to fly on the air.
Not in the present coz there are a lot of development advance technology that make it possible.

Good topic.
Appreciated

Offline Seerge

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It is absolutely impossible and unlikely to happen. What kind of technology can find a lost wallet key ?!  It looks like the lost Bitcoin will be lost forever and will not be found again.

Offline zilzylian

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A lot of people posting that they successfully recover their funds for a long time but how about those who have lost their Bitcoins? Is it possible in the future that there will be a technology that is specialized in recovering lost Bitcoins in just a matter of minutes or an hour? If that time comes, do Bitcoin hodlers are in trouble too as their funds might also be vulnerable and be compromised?

The lost Bitcoin must have been left by the owner, or something else because we forgot the password and recovery key to get the same wallet address, in the future there may be such technology, in 2019 I have seen an article about quantum computers that can open encryption in a few minutes, I think if it is correct and used properly, then the lost Bitcoin can be retrieved by hacking the Bitcoin wallet address that someone left because that person died or forgot the recovery key

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Offline Alcor

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The question of the possible recovery of lost bitcoins, as a rule, is associated with the new capabilities of quantum computers, which, as predicted, can solve this problem in a matter of minutes. The emergence of such computers is not as much a matter of the future as many believe. China is already shipping low-power quantum computers to schools to learn how they work. So soon they will appear in large quantities. Of course, cryptocurrency holders, and especially large holders, are reasonably worried about the safety of their wallets.
Therefore, it is absolutely possible to recover secret keys from wallets to which access has been lost. After all, bitcoin in this case does not go anywhere. Everything remains on the blockchain.

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Offline Muneeb22

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I don,t think so that there is any new technology that recover the BTC loss because in the crypto market so many things that the investors see and then they invest and the market go high.

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Offline arnold dudicove

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I think this is impossible. In the investment climate, gains and losses are common. How could money that has been spent hope to return? Except in the case of system errors, maybe it can be improved so that potential losses are minimized ...
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Offline Freemind

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The truth is that I do not believe that it will happen, that some "technology" will appear to recover the lost Bitcoins. There is an unknown amount, ranging from 3 to 4 million Bitcoins lost, if something were to make them appear again, how would it be reflected in the current value of Bitcoin?. I don't think the appearance of those Bitcoins was positive for their current value, and I don't think they will appear again.
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Offline Azaleea

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It felt like it could not be happening. Deliberately creating new technology to restore lost items with little potential for change is futile. Better to think about how bitcoin got bigger and impacted the profits of many people

Offline Arkann

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what do you think the program should be that will be able to recover lost bitcoins? And also answer your question, what does the lost Bitcoin mean? The fact is that, to a greater extent, the lost Bitcoin is bitcoins, the owners of which have lost access to them or, for one reason or another, the owners have disappeared. This means that the program for recovering lost Bitcoin will most likely resemble the capabilities of a hacker who steals Bitcoin from other people's wallets.

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I also totally agree with what @Arkann has said. If that technology appeared, who would know who those Bitcoins belong to?. Who could know if those Bitcoins are lost or belong to someone who is saving them since the first blocks were mined?. I think no one could know that so to be fair it's better if nothing shows up.
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Offline Furious 7

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yes I think this will be resolved if we refer to it in the future, because technology will be more sophisticated and up to date according to the times. But the question is whether at that time the position of bitcoin will remain the same or has it been reborn with a new version in accordance with the ever-evolving technology. the experts are preparing, we will see that the innovators in technology are planning something for the future.
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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
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