Do you guys think that there will be a new technology to recover lost of Bitcoin

[CoinEraser]

No one  knows what future brings, but that seems unlikely to me because if you can easily recover your lost bitcoin without seed/private key, what would stop you from stealing someone else's bitcoin?

Exactly! If something like this were possible in the future, all bitcoins would be in danger and the entire system would collapse. After all, who can say which bitcoins are really lost? Maybe the bitcoins also belong to someone who has just been holding their coins for a very long time. If you could suddenly move this bitcoin without the right keys, it would be a disaster. So I think and hope this will never happen. Otherwise trust in bitcoin would be lost. 

[lionheart78]

Is it possible in the future that there will be a technology that is specialized in recovering lost in just a matter of minutes or an hour?

As the value of Bitcoin increases and the number of Bitcoin lost by its owner, it is possible that there are certain individual or group that is dedicated to creating an application that can hack into the bitcoin system and recover the lost BTC.  I think this kind of technology is more on hacking the system and also might compromise the whole network if successfully created.  

But the future is unknown so we can only say that there is a possibility but as long as the Bitcoin developer does not agree on this procedure then I believe there is a slim chance for that to happen since the Bitcoin developer will continue to strengthen and upgrade the security of the network if needed.

[passwordnow]

They're talking about quantum computers that might break the network security of blockchains and PoS in nature. We don't know what's gotta be the future but all of those are the same as the crypto market, they're all speculative. Been hearing that a lot that there will be a technology that shall replace blockchain and kick out bitcoin on its ranking and that's the same with the topic about there could be a possible technology that might recover those lost bitcoins forever. It's just being talked about but never seen it happen in actuality.

A Quantum computer also won't be able to recover bitcoins, even if it looks like a supercomputer.
But bitcoin security has been designed to address the threats that Quantum Computers might pose.

Bitcoin uses Post-Quantum Encryption Technologies, such as Lattice-based cryptography or Hash-based cryptography.
Bitcoin also uses the ECDSA cryptographic security with a 256-bit size.
https://en.wikipedia.org/wiki/Lattice-based_cryptography
https://en.wikipedia.org/wiki/Hash-based_cryptography

Speculation that Bitcoin can be recovered when keys are lost is just nonsense.
There will be no such technology today or for the next few decades.
If that happens the bitcoin system will collapse.

and the replacement for blockchain is just bullshit as well, Blockchain is still the best ledger technology and many use blockchain as an Example of another ledger development.

That will break the news for sure if it happens but as I've said, we still haven't seen it done by someone successfully. I guess there were attempts and there will be more as bitcoin becomes valuable every after the halving happens.
But whether we like it or not, as of the moment, it's impossible to recover those bitcoins that have been gone forever. People that are new to the market might feel that they don't like it but there's the positive thing about it as if they're donated to the entire economy of bitcoin as it reduces the entire supply in the economy.

[soramon]

A lot of people posting that they successfully recover their funds for along time but how about those who have lost their Bitcoin? Is it possible in the future that there will be a technology that is specialized in recovering lost in just a matter of minutes or an hour? But on the other side Bitcoin holder are in trouble too as their funds might also be vulnerable and be compromise.
Please more answer to do this please.

i dont know that thing really happen in near future. Bitcoin is designed to be a decentralized and secure digital currency, which means that transactions cannot be easily reversed or altered once they have been confirmed on the blockchain. If someone loses their Bitcoin due to a mistake or a hack, it can be very difficult or even impossible to recover the lost funds.

There are some companies and services that claim to be able to recover lost Bitcoin, but many of these are scams or have limited success rates. It is always important to do your research and be cautious when dealing with any company or service that claims to be able to recover lost Bitcoin.

so, the best option is we need to take proper security for own asset.

[Bestdss]

Since I have been in this space this has been one of my prayers that one day we could be able to recover not just bitcoin but anyother asset of importance they have lost and I think any recovery have to do with wallets because that's where the assets are stored. I have once read where a writer said that if we could recover our lost wallets we probably misplaced their PK's that means we ain't in decentralized system and people ain't responsible for their wallets. But I truly want a remedy to this coz many of us are affected.

[FanEagle]

I think most people are forgetting the difference between live bitcoin and "burned" bitcoin. In the future when tech gets bigger and better, maybe you can protect your coins a lot better as well, which means even with better tech, others can't hack into your account and steal your bitcoins, plus you would be moving it around with new blockchains as well.

However, there are over a million bitcoins that stays the same place without moving much, which means that with a better tech, those that hasn't moved in a long time, nearly since the first days, could be in trouble because we are talking about a situation where it would not be getting any protection.

[Ataiwo913]

There will be a new technology to recover lost of Bitcoin.Yes, because the technology is still in its infancy stage, so there are not many people who understand it well. However, there is a chance that someday this technology can be applied to Bitcoin by implementing it with the right features.

[BlackHatCoiner]

In the future when tech gets bigger and better, maybe you can protect your coins a lot better as well

There is no better way than an airgapped device. I don't want to sound absolute, but there just isn't. If you know to properly install a live OS offline, with Electrum pre-installed, in an airgapped machine, then you have everything needed to generate a seed phrase securely. From that point on, it's what you do with the seed that affects your security.

which means even with better tech, others can't hack into your account and steal your bitcoins, plus you would be moving it around with new blockchains as well.

Bitcoin wallet is no account, new blockchains are irrelevant, and hackers generally don't intervene in math and cryptography to gain access to a wallet.

[uneng]

I don't think so, because the system was perfectly developed to not allow such recoveries. People need to learn the importance of keeping their keys and passwords safely stored, without expecting an alternative solution is going to appear in order to allow them recover their coins, because it's actually not going to happen at all. Otherwise, it would mean the end of bitcoin, as others said, due to the fact it would be possible to "recover" (steal) coins from other people's wallets.

[serjent05]

I don't think so, because the system was perfectly developed to not allow such recoveries. People need to learn the importance of keeping their keys and passwords safely stored, without expecting an alternative solution is going to appear in order to allow them recover their coins, because it's actually not going to happen at all. Otherwise, it would mean the end of bitcoin, as others said, due to the fact it would be possible to "recover" (steal) coins from other people's wallets.

The system is ok for now but the advancement of technology may allow such a program to be created.  But of course, developers won't just be idle and will do their best to prevent that.  Lost Bitcoin will forever be nourishment to the value of Bitcoin in circulation and that is one very good reason that we should let lost Bitcoin be lost forever because the moment someone is able to recover lost Bitcoin, that is the end of the Bitcoin economy.

[Argoo]

Since I have been in this space this has been one of my prayers that one day we could be able to recover not just bitcoin but anyother asset of importance they have lost and I think any recovery have to do with wallets because that's where the assets are stored. I have once read where a writer said that if we could recover our lost wallets we probably misplaced their PK's that means we ain't in decentralized system and people ain't responsible for their wallets. But I truly want a remedy to this coz many of us are affected.

If we have the opportunity to recover lost bitcoins and other crypto-currencies, at the same time this means that the possibility of hacking and existing cryptocurrency wallets will be found. Whether this will ever happen, no one knows. With great apprehension, we now look at the rapid development of quantum computers. In principle, any technology can eventually be hacked by more advanced technologies. This has always been the case and there is no reason to hope that this will not happen in the future.

[Franctoshi]

Despite the fact that the affected people, basically the ones that lost their private keys in one way or the other and also the ones who are also gonna fall victim of losing their keys in the coming future would want such a technology like to be in place, in general it will no longer make sense because it will put the security of Bitcoin at risk,  in terms of altering the system that makes Bitcoin most secured crypto, which allows the only person with the keys/signature to have access to the wallet.

Having a technology like this means that our wallets will no longer be secured when it has become recoverable alternatively other than private keys. However losing your private keys is one of the risk aspect of Bitcoin and there is no technology without its own risk.

[mendace]

Despite the fact that the affected people, basically the ones that lost their private keys in one way or the other and also the ones who are also gonna fall victim of losing their keys in the coming future would want such a technology like to be in place, in general it will no longer make sense because it will put the security of Bitcoin at risk,  in terms of altering the system that makes Bitcoin most secured crypto, which allows the only person with the keys/signature to have access to the wallet.

Having a technology like this means that our wallets will no longer be secured when it has become recoverable alternatively other than private keys. However losing your private keys is one of the risk aspect of Bitcoin and there is no technology without its own risk.

In fact, it wouldn't make sense if there was a technology that allows you to recover your private key, because it would mean that you can recover any key and therefore all wallets would be at risk. Fortunately there is not yet but there is a debate about quantum computers and that in all probability in the next 25 years we would get to decrict sha256 .

[ringgo96]

although the development of technology is increasingly sophisticated, to recover bitcoins that have been lost will be impossible to do, because the supply of bitcoin is limited and recovery on bitcoin certainly cannot be done unless they use improper methods such as hackers, and all crypto users today really hope that the recovery can be done because very many of their assets have disappeared due to the loss of privekey.

[Kelvinid]

A lot of people posting that they successfully recover their funds for along time but how about those who have lost their Bitcoin? Is it possible in the future that there will be a technology that is specialized in recovering lost in just a matter of minutes or an hour? But on the other side Bitcoin holder are in trouble too as their funds might also be vulnerable and be compromise.
Please more answer to do this please.

I'm not sure if there is someone who is focusing on discovering technology that could trace your keys. But at this time, a lost of your keys will be considered as a lost of your Bitcoin forever. That is why we should back up our keys or passwords to the safest place as we can no longer access our wallets once it was gone. We don't have to wait the moment to happen to us in the first place and if we have experienced losing our keys, I think we have to move on and forget about it coz we have no chance to get it back.

[Comingdown]

I don't think so, because the system was perfectly developed to not allow such recoveries. People need to learn the importance of keeping their keys and passwords safely stored, without expecting an alternative solution is going to appear in order to allow them recover their coins, because it's actually not going to happen at all. Otherwise, it would mean the end of bitcoin, as others said, due to the fact it would be possible to "recover" (steal) coins from other people's wallets.

The system is ok for now but the advancement of technology may allow such a program to be created.  But of course, developers won't just be idle and will do their best to prevent that.  Lost Bitcoin will forever be nourishment to the value of Bitcoin in circulation and that is one very good reason that we should let lost Bitcoin be lost forever because the moment someone is able to recover lost Bitcoin, that is the end of the Bitcoin economy.

I agree with this. I think that those makes good effect on the economy since those lost bitcoin will still be in the blockchain. And, with that, it can make the value of bitcoin slightly higher since it will be taken as a holding that would never be able to sell. So, in my opinion, it would be better off that recovery of bitcoin won't be pushed since it would also serve as a reminder to be careful in every transaction that you would do in cryptocurrency exchanges.

[Z-tight]

and all crypto users today really hope that the recovery can be done because very many of their assets have disappeared due to the loss of privekey.

I don't believe there are many BTC users that want that, people who use BTC have to understand that transactions are irreversible once it is confirmed in the network, this way they would safely hold their coins and learn how to protect it from scammers who want to steal it from them. If there is a way to recover lost BTC, people would become lazy in protecting their funds, and there is no way to ensure that a technology to recover lost BTC would not be used to steal BTC from people who still have their keys, so it may destroy the network if that happens, and i don't think many BTC users want that to happen.

[CODE200]

A lot of people posting that they successfully recover their funds for along time but how about those who have lost their Bitcoin? Is it possible in the future that there will be a technology that is specialized in recovering lost in just a matter of minutes or an hour? But on the other side Bitcoin holder are in trouble too as their funds might also be vulnerable and be compromise.
Please more answer to do this please.

I'm not sure if there is someone who is focusing on discovering technology that could trace your keys. But at this time, a lost of your keys will be considered as a lost of your Bitcoin forever. That is why we should back up our keys or passwords to the safest place as we can no longer access our wallets once it was gone. We don't have to wait the moment to happen to us in the first place and if we have experienced losing our keys, I think we have to move on and forget about it coz we have no chance to get it back.

Our keys is our responsibility, If you dont want to lose it, make sure to keep it safe, write it down on a notebook, maybe store it in your on social media account and sent it to yourself. Anything you can do as long as others wont see it so they wont have access on your wallet. I guess when the time where someone discover how to recover someone lost key is like they can also do hacking to other people wallet. Imagine they find out a way to know your private keys even you are not giving them any info then they will easily have access on it and do any transaction they want with your coin.

[zugneyatro]

I think if said technology exists would imply in a dangerous zone for bitcoin as a whole cause it would probably involve Quantum computing, to rapidly recover seeds, creating more problems than solutions in the bigger picture.

[nimogsm]

A lot of people posting that they successfully recover their funds for along time but how about those who have lost their Bitcoin? Is it possible in the future that there will be a technology that is specialized in recovering lost in just a matter of minutes or an hour? But on the other side Bitcoin holder are in trouble too as their funds might also be vulnerable and be compromise.
Please more answer to do this please.

Is such a function necessary?We all know that the amount of bitcoin is strictly limited, which means that every lost bitcoin will only benefit everyone else. Yes, it sounds strange.But it also has a useful function.I know a person who lost several bitcoins, he simply could not recover them from his disk and there are a lot of people like him, maybe in the future it will only benefit the price.