Cardano's Hoskinson Criticizes Bitcoin's Quantum Fix
The Cardano founder criticizes the proposed quantum fix for Bitcoin, arguing that it cannot save pre-2013 bitcoins, including Satoshi's holdings.
Cardano's Charles Hoskinson has raised concerns about Bitcoin's proposed quantum fix, stating that the suggested hard fork, labeled as a soft fork by BIP-361, may not be sufficient to protect approximately 1.7 million pre-2013 bitcoins, which include the holdings associated with Satoshi Nakamoto.
Hoskinson argues that the zero-knowledge recovery plan outlined in BIP-361 is not robust enough to safeguard these early bitcoins from potential quantum threats. This critique raises questions about the viability of the proposed solution and the security of Bitcoin's historical coins.
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