But there is a difference between addresses with no owners (lost coins) and active addresses with owners (don't generate privatekeys for this).
https://bitcointalk.org/index.php?topic=198.0Quote from: laszlo on June 21, 2010, 01:54:29 PM
.. it would make more sense to try to recover keys for lost coins or steal other people's coins instead? .. Maybe Satoshi can address this..
Quote from: satoshi on June 21, 2010, 05:48:26 PM
.. Someone with lots of compute power could make more money by generating than by trying to steal.
Addresses with no owners of privatekeys: shalecoin
https://bitcointalk.org/index.php?topic=5134441.0I think it's fair to say that Bitcoin as it exists today is not quantum secure, period.
Pieter Wuille
https://twitter.com/jb55/status/11335330681976750101. The first owners of possible computers with the ability to 'frack' the privatekey will use these computers only for shalecoins. (Coins with no holder)
2. Bitcoin will get an update. (QC secure)
3. In the meantime all owners can transact their coins to these new addresses.
4. Then there will be other QC owners who will 'frack' all remaining coins.
- As mentioned before -
Definition of "shalecoin":
Coins with no access to the address. (Nobody has the privatekey)
If that address is a coinbase address: 1 year after mining
Other addresses: 10 years after last output transaction (If there is no output transaction then 10 years after first input transaction)
Longterm holders of coins should transfer their coins to a new address within 10 years, so they wouldn't become shalecoins. All other coins with no access to the address can't be transacted to a new address and will become shalecoins after 10 years / or after 1 year if it's a coinbase address. Owners of possible computers with the ability to "hash" the privatekey would use these computers only for shalecoins. (Coins with no holder)
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