Hoskinson Mocks Bitcoin's Quantum Response..."Steal Satoshi's Coins"

▲ Cardano (ADA), Charles Hoskinson, Bitcoin (BTC), Satoshi Nakamoto/AI generated image

According to U.Today, a cryptocurrency specialized media outlet, on the 16th, Hoskinson publicly pushed back, sarcastically stating, "Go ahead and steal Satoshi's coins," in response to the recently proposed Bitcoin improvement proposal, BIP-361.

The proposal aims to gradually restrict the use of existing vulnerable addresses in preparation for potential quantum computer attacks, and to invalidate the existing signature method itself after a certain period. If assets are not moved to new addresses within a specified period, existing Bitcoins would become unusable.

Hoskinson argued that this approach undermines Bitcoin's core principles. He pointed out that approximately 1.7 million BTC worth of assets could effectively become inaccessible, criticizing the design as akin to an infringement on property rights.

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Furthermore, Hoskinson emphasized that the Bitcoin community is being forced to choose between the risk of quantum hacking and the potential freezing of assets due to protocol changes.

The core of this debate lies in how to respond to the threat of quantum computers. Some developers advocate for proactive measures to prepare for future security risks. In contrast, opponents, including Hoskinson, believe that excessive changes at the current stage could erode network trust.

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Hoskinson also mentioned the possibility of certain nations utilizing quantum computing technology, while simultaneously pointing out that the threat is not immediate.

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This issue is expanding beyond technical discussions to encompass Bitcoin's design philosophy and governance problems. The challenge of balancing Bitcoin's security enhancements with the preservation of its existing system is emerging as a major issue across the market.

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