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Bitcoin currently faces two major issues. First, approximately 1–1.1 million BTC associated with Satoshi Nakamoto are mostly stored in early P2PK addresses, where the public keys have been exposed on-chain since inception. Should a sufficiently powerful quantum computer emerge, it could theoretically use Shor’s algorithm to derive the private keys from these public keys. In total, around 6.4–7.1 million BTC (roughly 30–35% of the supply) have exposed public keys, including those from address reuse, Taproot, and other cases. If compromised, Bitcoin could experience a near-total crash of up to 99% in a short time. Second, could these dormant coins be frozen via a proposal? Theoretically, yes—but this would violate blockchain’s most fundamental principles: non-freezability, non-seizability, and the supremacy of private keys. Such an action would likely destroy Bitcoin’s core value proposition. As we enter the AI era, the pace of quantum computing breakthroughs has surpassed even the most optimistic projections, with multiple models pointing to a breakthrough by 2028 or earlier. These two issues are now the most urgent challenges facing not only the Bitcoin community but the entire cryptocurrency ecosystem.

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