According to ME News, on June 20 (UTC+8), CZ, in an exclusive interview with Alex Thorn, Head of Research at Galaxy, on the Galaxy Brains podcast, stated that quantum computing is not an insurmountable threat to Bitcoin, as the community can mitigate the risk by upgrading to quantum-resistant cryptography. Regarding the approximately 1 million BTC held by Satoshi Nakamoto, CZ argued that “doing nothing” is not an ideal solution. He suggested that if Bitcoin eventually implements a quantum-resistant upgrade, the community could establish a 6- to 12-month transition period; if no transactions occur from these addresses during that time, they should be frozen under the new protocol and the BTC removed from circulation. CZ noted that without action, these BTC could eventually be claimed by the first individual who uses quantum computing to break into the addresses—an outcome that would not constitute a fair distribution. However, he emphasized that the final decision on how to handle them must be made by the Bitcoin community through consensus mechanisms such as voting. (Source: ODAILY)
CZ Suggests Freezing Satoshi Nakamoto’s BTC If Unmoved After Quantum Upgrade
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Today’s BTC news: Binance CEO CZ suggested freezing Satoshi Nakamoto’s 1 million BTC if it remains untouched for 6–12 months after Bitcoin’s quantum-resistant upgrade. He warned that inaction could allow quantum computing to steal the funds, and stated that any decision should follow Bitcoin’s consensus rules. This BTC update underscores concerns about long-term security risks.
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