Craig Wright proposes change to Bitcoin that directy contradicts Satoshi

https://medium.com/@craig_10243/fixing-op-fals-fd157899d2b7

When a private key is lost, it is merely out of circulation. It may be many years, but all old addresses eventually become mine-able and can be recovered.

Mr. Craig Wright proposes for coins that have been burned or lost to be salvageable by miners and put back into circulation.

However, unfortunately for Craig, this idea contradicts what Satoshi has said about the topic.

https://bitcointalk.org/index.php?topic=13.msg46#msg46

Those coins can never be recovered, and the total circulation is less. Since the effective circulation is reduced, all the remaining coins are worth slightly more. It's the opposite of when a government prints money and the value of existing money goes down.

It is possible that Craig is making this change to BSV in order to get his hands on the Satoshi coins that are on his chain. At present market prices, that would net over $50 million. Nice!

submitted by /u/shiIl
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source https://www.reddit.com/r/btc/comments/bf9ows/craig_wright_proposes_change_to_bitcoin_that/

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