Cardano's Charles Hoskinson says Bitcoin's quantum fix is a hard fork that can't save Satoshi's coins
CoinDesk
Charles Hoskinson argues Bitcoin's proposed quantum defense, BIP-361, is effectively a hard fork unable to recover early BTC, including Satoshi Nakamoto's holdings.Summary
Cardano founder Charles Hoskinson criticizes Bitcoin proposal BIP-361, which aims to protect the network from quantum computing threats. Hoskinson contends that the proposal is mischaracterized as a soft fork and functionally represents a hard fork, violating Bitcoin's immutability principles. Furthermore, he argues that the plan's reliance on BIP-39 seed phrases makes it incapable of recovering roughly 1.7 million pre-2013 coins—including the approximately 1 million BTC linked to Satoshi Nakamoto—because those early wallets lack seed phrases. Consequently, Hoskinson suggests these coins would remain permanently inaccessible under the current proposal.
(Source：CoinDesk)