Hoskinson: "Touching Satoshi's Bitcoin would be a catastrophe"...Direct hit on BTC camp

▲ Bitcoin (BTC), Satoshi Nakamoto / AI generated image

Charles Hoskinson, the founder of Cardano (ADA), warned that discussions to forcibly freeze or reclaim Satoshi Nakamoto's Bitcoin (BTC) could cause catastrophic economic damage to the ecosystem.

U.Today reported on May 5 (local time) that Hoskinson argued that the quantum computer security debate within the Bitcoin community is an example demonstrating why Cardano's governance strategy is necessary. The core of the debate is whether to allow quantum computers to attack old Bitcoin addresses and take Satoshi's Bitcoin, or to forcibly freeze those assets at the network level.

Hoskinson argued that if Bitcoin attempts to solve quantum security issues by confiscating or freezing assets in old addresses, the ecosystem could split into two, leading to destructive economic damage. He emphasized that while the fate of massive assets in Bitcoin is decided in GitHub debates, Cardano already has a decision-making system through on-chain governance.

U.Today reported that Satoshi's Bitcoin holdings are estimated to be worth $88.65 billion based on the Patoshi pattern. Hoskinson viewed the reality of such massive assets and decisions surrounding network trust being left to chaotic debates as proof of the need for decentralized governance.

Hoskinson also refuted criticisms that Cardano focused on governance instead of scalability. He stated that efforts to solve scalability issues have been ongoing since before Shelley, and solutions such as Leios and Peras protocols, eUTXO, and zero-knowledge proof-based Layer 2 strategies have already been designed. However, he maintained that the community, not individual founders, should decide when and how to activate these features.

U.Today reported that Cardano operates on-chain governance through dRep and Constitutional Committee voting as of May 2026. Hoskinson emphasized that scientific methodology and governance are not devices that slow things down, but rather insurance mechanisms that protect the ecosystem in situations like the crisis currently faced by the Bitcoin community.

Ultimately, this debate is expanding beyond quantum computer security issues to questions about how far the social consensus and property rights of a decentralized network can be adjusted. Hoskinson argued that while Bitcoin faces the choice of freezing 1.7 million BTC or risking hacking, Cardano has a model that can handle crises through a legitimate social contract.

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