🗣️ Czech Republic proposes to freeze Satoshi’s 1 million Bitcoin in the event of a quantum threat.
In an interview, Binance’s founder said that if Bitcoin were ever to adopt quantum-resistant cryptography, the historical addresses of Satoshi Nakamoto—holding around 1 million BTC—could be frozen if they do not migrate to the new system.
According to him, the community could grant a transition period of 6 to 12 months to allow holders to move their funds to secure addresses. If Satoshi’s BTC remained unmoved, they would need to be blocked to prevent a future quantum computer from breaking their private keys and allowing an attacker to take control.
He acknowledges, however, that there is no perfect solution and believes that any decision of this kind should be made collectively by the Bitcoin community, potentially with support from miners.
$BTC
In an interview, Binance’s founder said that if Bitcoin were ever to adopt quantum-resistant cryptography, the historical addresses of Satoshi Nakamoto—holding around 1 million BTC—could be frozen if they do not migrate to the new system.
According to him, the community could grant a transition period of 6 to 12 months to allow holders to move their funds to secure addresses. If Satoshi’s BTC remained unmoved, they would need to be blocked to prevent a future quantum computer from breaking their private keys and allowing an attacker to take control.
He acknowledges, however, that there is no perfect solution and believes that any decision of this kind should be made collectively by the Bitcoin community, potentially with support from miners.
$BTC