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Author Topic: Do you guys think that there will be a new technology to recover lost Bitcoins?  (Read 11452 times)

Offline Ak600

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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.
Yes I agree with you because it is difficult to get lost things back again.  If Bitcoin were available, there would be a problem with the number of wallets Bitcoin has.  Those who lost bitcoin could have found out much earlier if it had been possible to find out in any technology.
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Offline Dark Knight

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I cannot say anything right about this. I don't know if the lost Bitcoin can be recovered or returned. Because it's a a matter of online technology.

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May be in future the new technology will do that and it is possible that the new technology will recover the lost payments of the BTC and also other coins and i hope when the crypto is legal in all over the world that time it would be happen.
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Offline jhm

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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?

Another great question. I would have to say advances in quantum computing could figure something out, as a slim possibility

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There will be no guarantee that we have a new technology for the case of losing a password or security key on Bitcoin wallets. I think we already have the solutions for the cases that are still possible to recover. But for some cases, there will be no solutions at all because there is no way to connect to the wallets. The best way for us is to prevent the cases by more careful in managing the password or security keys of Bitcoin wallets.
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Offline Rain075

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There is no end to the worries in this world.  But anything can be discovered at any time. But I don't think there will be anything like discovery of something lost in this cryptocurrency.  Those of us who work in this cryptocurrency, if we take a look at it, will know if there will be any device to recover lost bitcoin in the future.  But I don't think it will ever be possible.
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There will be no guarantee that we have a new technology for the case of losing a password or security key on Bitcoin wallets. I think we already have the solutions for the cases that are still possible to recover. But for some cases, there will be no solutions at all because there is no way to connect to the wallets. The best way for us is to prevent the cases by more careful in managing the password or security keys of Bitcoin wallets.

For now, I think It is impossible. I agree with you brother. No guarantee that we will have a new technology for recover password or security keys as you said. I think that's difficult, but maybe at the coming future, we will have it.
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Offline sampoerna

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If it can happen, so it will be only the one who really knows how to do it and I don't think that they will help each other to recover the funds. It is better to get it by himself. ahah
In this case, Bitcoin loss will be still in the blockchain and probably it will be back to mining block or not?
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Offline Batch18-19

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To my knowledge there is no technology in the world that can recover Bitcoin.However, there are many scientists who are working tirelessly to discover such technology to recover bitcoin.If such a technology comes to the world, then cryptocurrency will go to another level. And Bitcoin can recover easily. Hopefully this kind of technology will come in the market soon.
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Offline Dora Walletinvestor

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I agree with those who say there is not likely to be a way to do that. By any means, that would jeopardize the security of the entire system as I doubt there could be a technology that can hack into dormant accounts but not into active ones. Also, if you do manage to get bitcoins from dormant accounts, there would be no way to know for sure whether those are really lost or just the possession of persistent hodlers.
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Offline Freemind

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Exactly @Dora Walletinvestor, it would not be any technology to recover Bitcoins, it would be a technology to steal, and if something like this existed for Bitcoin shortly after, they would also appear for all coins/tokens on the market. And that could kill cryptocurrencies, as they would go down to 0. I hope no one thinks of creating something like that, if it can be done.
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Offline damsix

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Lost Bitcoin due to forgetting a private key or word phrase is very difficult because it requires solving a very complicated algorithm.
I can not predict it will happen anytime and anywhere because it is certain that it is difficult to solve in the form of finding a lost private key or word Phrase.
Many have tried to find the word Phrase and Private Key but all failed and could not be found.
retire and rest in peace

Offline eldial

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Absolutely it will be happen someday because of a new technology to recover bitcoins in order to the latest version of all gadgets will upgraded into a high technology of proposal in the marketing by any software can survived a new platform of energy.
e]
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Offline Filo

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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.
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I don't even know how to take the idea of a technology that can recover lost bitcoins. Who will control this technology and how Bitcoin will be considered lost, because even if it is in the wallet for a long time without movement, this does not mean that it has no owners? I believe that such technology cannot be created, because it will be speculated in any case.

 

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