12:37:02 <midipoet> https://www.coindesk.com/tech/2025/04/05/bitcoin-developer-proposes-hard-fork-to-protect-btc-from-quantum-computing-threats
12:37:43 <midipoet> i wonder what the effective impact on total supply would be if they did this migration.
12:41:30 <m-relay> <m​onerobull:matrix.org> shouldnt it be identical
12:41:50 <m-relay> <m​onerobull:matrix.org> youd expect the non-resistant wallets to eventually get drained by quantum hackers
12:42:26 <m-relay> <m​onerobull:matrix.org> most likely, it would greatly increase the supply because lost coins are recovered lol
13:19:24 <midipoet> 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). 
13:21:01 <midipoet> monerobull: how would it increase supply? I don't get that. 
13:22:29 <m-relay> <m​onerobull:matrix.org> nah
13:22:35 <m-relay> <m​onerobull:matrix.org> millions of btc are lost
13:23:13 <m-relay> <m​onerobull:matrix.org> it depends on how exactly it is done
13:23:33 <m-relay> <m​onerobull:matrix.org> a zcash turnstile for example, cuts off conversion at some point
13:24:38 <m-relay> <m​onerobull:matrix.org> if the bitcoin conversion stays open until 21 M have migrated, 21 will eventually migrate
13:25:35 <m-relay> <m​onerobull:matrix.org> and 21M is much greater than whatever is currently in active circulation
13:26:15 <m-relay> <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
13:26:36 <m-relay> <m​onerobull:matrix.org> because it locks out old coins for good, not even recoverable by eventually getting hacked