I can guarantee you that lost btc address will eventually be subject to forfeit much like an old bank account with no action gets grabbed.
An untouched btc address in terms of no funds ever removed will be considered lost .
The funds will be folded back into mining rewards for blocks.
To anyone that thinks I am wrong I simply laugh.
You are wrong especially because you are asserting that something that is speculative into the future is guaranteed to happen, and part of the thing about the future is that it has not yet happened, so there is some variation in what might happen and what ends up happening.. so for example, once it happens, it has happened, and sometimes there is dispute about that, so difficult to guarantee something in the future is going to happen unless you completely control it and the timeline that you are predicting is pretty soon
tm rather than unspecified and distant into the future.
Zero reason not to do it. Say in 2059 all 2009 address must show some withdrawal or lost.
Is this an actual bitcoin rule or something that someone is planning to propose?
To those that say no privacy I say you are clueless.
Call me clueless, if you must. Go on; do it.
To those that say it will be outvoted maybe in 2059 it will be outvoted but down the road say 2084 or 2109 it will be out voted.
Last time I checked bitcoin no does not work by vote; it works by consensus... Voting and consensus are differing concepts You may need to tweak your language a wee bit, and maybe coming out less aggressively in terms of your supposed ability to predict the future might be a wee bit helpful too.
#justsayingWe (royal that is) have already figured out that your squigglies are quasi-random because they have close to no explanation in regards to their placement.
Go figure...
You may want to educate us on that if you know better.
No, Dear God no......
Been there; done that.
You are late the party, nanobtc..
.you party poop.@JJG
Quite incredible that we’re sitting here applauding the achievement of people stacking 0.21BTC. Many of us here are already esteemed gentlemen but it’ll be nice in say 10 years to see current noobs as members who have made it.
Good times, good times.
That's part of the irony, no? There are going to be guys who had been struggling to get to a portfolio of 21 BTC or even those guys who had been struggling to get to 10 BTC, like the supposed mindrust BTC portfolio situation of having had reached 10 BTC in March 2020.. and then suddenly giving up on the prospect.
The guys who have actually accumulated into the 10 BTC to 21 BTC territory are likely soon to be going to be on the verge of having to think about where their fuck you status is going to trigger, and surely everyone's fuck you status is at a different place.. could be as low as $500k in value or could be $10 million-ish or higher in value, but using $2 million as a broad-level generalization of a entry level fuck you status does not seem to be a unrealistic number.
If we refer to BTC spot price, it surely is not going to be too long for even some of those guys in the 10 BTC to 21 BTC territory, to be having to give serious considerations to their entry-level fuck you status.... yet, as you likely recall, I am not too fond of using BTC spot price for that kind of BTC valuation reference point, even though for sure we can be skimming off some BTC from time to time at whatever happens to be the spot prices and also considering how difficult it might be for others (such as newbie normies) to acquire BTC when we are measuring spot prices, too...
But sure, for the purpose of assessing net worth and evaluating the value of our BTC, it seems way better to be using the 104-week moving average or the 208-week moving average, so 10 BTC to 21 BTC is not going to be enough to trigger the general fuck you status when using those valuating methods.
Surely, I am not going to want to be a party poop.. even though at spot price, those guys with 10 BTC to 21 BTC should be feeling quite well these days, even if they might not feel comfortable in terms of having had gotten to a kind of entry level fuck you status base on foundational (and bottom potential BTC prices).
And, yes another irony of the more newbie normie guys are likely going to be struggling to get to 0.21 BTC and even those who have acquired 1 BTC or even 2.1 BTC are going to be moving along up the scale of wealth as well, and realizing that they are holding quantities of BTC that are becoming more and more difficult for other newbie normies to achieve absent some considerable commitment that may well include contribution of both time and money to throw at the situation for a considerable amount of time before starting to feel some comforts in the quantity of BTC within holdings.
So for sure, even if a guy takes a few months to get to 0.21BTC, he then would set goals to get to 1 BTC and then 2.1BTC, and realize that it can take a whole hell of a lot of time to stack a sufficient amount of sats to reach those quantities of BTC... but gosh, even at spot price, we are likely going to be seeing circumstances in the next 2-3 cycles that cause all three of those statuses of 0.21 BTC, 1 BTC and/or 2.1 BTC to become very difficult, if not impossible for newbie normies to achieve..
....and sure it might start making sense to be talking about these stacking goal achievement aspirational matters in terms of satoshis, so even the 0.21 BTC person will have achieved 21 million satoshis, and so in the relatively near future (including the 10-year timeline that you mentioned), we are likely going to be looking at normie newbies who are striving to get up to 1 million satoshis.. and wanting to be a satoshi millionaire in terms of their entry-level aspirations - even presuming that reaching 1 million satoshis might be possible in 10 years for newbie normies, and that level might be a bit too much of a presumption.
Of course, I am going to assert that none of these price appreciation matters are guaranteed, even though it likely remains good, reasonable and prudent practices to keep those kinds of numbers in mind when we are stacking sats and if we get to 21 million sats or 63 million sats in these times and we consider if those are high enough numbers, they may well have decent chances of being numbers that are quite a bit more difficult to achieve for newbie normies in 10 years (and even much shorter timeframes than that)... We will see.. we will see.
Of course, even very well to do multi-millionaires in the traditional status quo circles of wealth will have easier times reallocating some of their wealth into bitcoin in the coming years when they finally see the light, but even they are going to have harder and harder times getting a decent bitcoin stake, especially if they are currently no coiners and/or they are way too reluctant, currently, to take even a reasonable stake in bitcoin.. so sure, those multi-millionaires might be able to buy 1 BTC or even 2.1 BTC, but it may well cost them several million dollars to acquire such a bitcoin stake.. and even then, they might consider that if they allocate 10% to 20% of their quasi-liquid investable wealth into bitcoin, which might add up to several million dollars, they are still only getting a couple of BTC at best.
Several of us longer term WO members will realize what I am saying is not likely to be much of a fantasy, even though to outsiders (and no coiners) and people who are having trouble grokking bitcoin, are likely having troubles considering these matters in ways that are not anything other than fantastical views about the future of finances, the economy and bitcoin's likely place within that as the soundest money known to man, so far. But many of us realize.. even though none of this is guaranteed, we know still know that not being guaranteed still allows for preparing in ways that a lot of normies are still failing and refusing to engage in such preparations, even modestly which could actually make an enormous difference for them to get into BTC now, rather than waiting one or two more cycles or even 10 years, like you suggested, LFC.
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