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this post was submitted on 05 Mar 2024
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Monero
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@tusker This should be a good idea. Also users who keep their funds as a mean of wealth storage can just move their funds into a new wallet every 10 years.
This would also help with eliminating the lost coins of wallets whose recovery keys have been lost. It would increase the value of the coin continuously.
Yes, and they would not even need to move it to a new wallet, they can just send the balance to themselves in their existing wallet and it would be sitting in the latest block. Ready for another 10 years of storage.
This difficult but vital decision should have definitely been made right from the start, as it is blatantly obvious they we cannot store all data forever. Then as tech improved it could be adjusted to 20 years in the future.