/biz/ - Business & Finance

He seems to be fixated on the idea:

"A court order can force a transaction to be invalidated. A court order can change the nature of the blockchain and require that the UTXO set is updated. On hearing it, you will be told how it is not possible because all the nodes won’t accept it. My answer is simple: so what. The nodes that matter are associated with businesses."

"Anarchist anti-government and anti-law promoters of Bitcoin will tell you that if you don’t have your keys, you don’t have your bitcoin. Unfortunately for them, keys are not law. Private keys make access to funds difficult. They don’t prove ownership of property rights, which never was the intention of Bitcoin."

"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."

"As such, a lost key is not forever lost. If the wallets used better technology, then this would not be an issue in the first place. Lost coins are also the same as a lost note. Think of old sovereigns and other bullion-based coins from the past. A lost Bitcoin private key is like this. It is the Spanish gold and silver sunk for a long time to the ocean floor, but one day to be recovered."