Satoshi’s Coins at Risk? Hoskinson Warns Bitcoin Quantum Fix Could Freeze 1.7M
$BTC Forever 🛑
Cardano founder Charles Hoskinson has ignited a firestorm in the crypto community, claiming that a new proposal to protect Bitcoin from quantum computers is fundamentally flawed.
At the center of the controversy is BIP-361, a plan designed to phase out older, quantum-vulnerable signatures. While proponents call it a "soft fork," Hoskinson argues this is a "lie," asserting it is actually a hard fork that could permanently lock away the network’s most historic assets.
The Core Issues:
The 1.7 Million BTC Trap: Hoskinson claims roughly 1.7 million
$BTC —including the 1 million coins belonging to Satoshi Nakamoto—cannot be saved by this plan.
The Seed Phrase Gap: The proposed recovery uses Zero-Knowledge (ZK) proofs based on BIP-39 seed phrases. However, coins mined before 2013 (including Satoshi’s) predate this standard, meaning there is no seed phrase to prove ownership.
Mislabeled Upgrade: Hoskinson argues that calling BIP-361 a soft fork is deceptive. Because it invalidates existing signature schemes, it would functionally break backward compatibility—the definition of a hard fork.
Why It Matters for
$BTC Holders:
If implemented, the proposal would give holders a 5-year window to migrate to quantum-resistant addresses. After that, any unmoved coins—including the legendary "Satoshi stash"—could be permanently frozen to prevent quantum hackers from stealing and dumping them.
As the debate between
$ADA founder and BTC developers heats up, the industry is left wondering: Is the price of security worth losing Bitcoin’s history?
#bitcoin #Cardano #Satoshi #ADA #writetoearn