* https://datatracker.ietf.org/doc/html/draft-ietf-6man-rfc672...
That draft doc seems to fix multiple problems at once.
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The bitcoin that has been lost doesn't matter, because it's lost. That becomes fair game to whoever can find the computational resources to crack the cryptography of the wallets to get to it. At that point BTC will probably be $500k-$1M in price, and it might just be the driving force behind mainstream adoption of quantum computing.
Once people catch wind of bitcoin being moved from secure places, nodes will cease processing transactions, quantum capable thieves will be frozen
Network will upgrade if it hasnt already, nodes will only process transactions on the network with the most other nodes
They might even resume from a few block back. No different than branching from an old commit
If this doesnt match your philosophy of legitimacy, you can try continuing in the orphanage chain and get other nodes to join you. May the longest chain win!
This has all been theorized before and has subsequently happened before and the resolution has given confidence to attract more capital.
Have you reviewed any of the proposals to do exactly that? https://bitcoinops.org/en/topics/quantum-resistance/
All of my hardware wallets are now worthless? All of the hardware security modules used for wallets managed by corporations no longer work?
It's an absolute mess for so many reasons that a "protocol fix" just doesn't cover.
You can’t just magically update the protocol to work around the ability of someone to break elliptic curve cryptography. That not how this works. It’s not how any of this works.
But for people lacking the wealth or living in areas with no access to human tutors, LLMs are a godsend.
I expect the same is true for therapy.
If it was just a private key that I had, then import/export would be trivial.