Should We Recycle Lost Bitcoin?

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In this video, I discuss whether we should change the Bitcoin consensus rules in order to redistribute coins that haven't moved for a certain period of time.

I conclude that we should not. This is a form of theft-- and to complicate matters, it's almost always impossible to know if coins are truly lost-- or just dormant.

I also discuss how the quantity of a money is not important, since its price can adjust upwards or downwards to make the market cap of the money large enough to service any sized economy.

I also discuss a very famous Bitcoin burner address, and why we can be reasonably sure that its coins are truly lost.

Not investment advice! Consult a financial advisor.

Satoshi on lost coins:
https://satoshi.nakamotoinstitute.org...

Bitcoin burn address:
https://www.blockchain.com/explorer/a...
https://mempool.space/address/1Bitcoi...

Lost BTC may just be dormant BTC:
https://x.com/SaniExp/status/18370379...

Man who threw away £150m in bitcoin hopes AI and robot dogs will get it back:
https://www.theguardian.com/technolog...

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#Bitcoin
#Satoshi

Disclaimer
Neither Matthew Kratter's Bitcoin University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video, on this YouTube channel, or at www.Trader.University or www.BitcoinUniversity.com (henceforth, “the Sites”) should be construed as such by you. This video, channel, and the Sites should be used as educational tools only and are not replacements for professional investment advice. Trading or investing in new and volatile assets like Bitcoin can be risky.