i wonder what the effective impact on total supply would be if they did this migration.

<m​onerobull:matrix.org> shouldnt it be identical

<m​onerobull:matrix.org> youd expect the non-resistant wallets to eventually get drained by quantum hackers

<m​onerobull:matrix.org> most likely, it would greatly increase the supply because lost coins are recovered lol

Under the current model, one assumes there are private key holders for ~90% (or whatever other figure you choose) of wallets. If all holders have to actively migrate, you'd surely lose some additional percentage (lost keys, ignorance, ineptitude, dead people, etc).

monerobull: how would it increase supply? I don't get that.

<m​onerobull:matrix.org> nah

<m​onerobull:matrix.org> millions of btc are lost

<m​onerobull:matrix.org> it depends on how exactly it is done

<m​onerobull:matrix.org> a zcash turnstile for example, cuts off conversion at some point

<m​onerobull:matrix.org> if the bitcoin conversion stays open until 21 M have migrated, 21 will eventually migrate

<m​onerobull:matrix.org> and 21M is much greater than whatever is currently in active circulation

<m​onerobull:matrix.org> if they say "5 years time to migrate" and there are no quantum computers within 5 years, yeah, that will severely limit supply

<m​onerobull:matrix.org> because it locks out old coins for good, not even recoverable by eventually getting hacked