The post Should Satoshi’s Bitcoin Be Frozen? CryptoQuant CEO Warns 6.89M BTC Face Quantum Risk appeared first on Coinpedia Fintech News
CryptoQuant founder Ki Young Ju warned on X that roughly 6.89 million BTC are currently vulnerable to quantum attacks. That figure includes an estimated 1 million BTC linked to Bitcoin creator Satoshi Nakamoto.
According to Ki Young Ju, 1.91 million BTC sit in old P2PK addresses where public keys are permanently visible on the blockchain. Another 4.98 million BTC may have had their public keys exposed through past transactions. Once a public key is visible on-chain, the risk does not go away.
“Coins that appear perfectly safe today could become spendable by an attacker tomorrow,” he said.
3.4 Million BTC Dormant for Over a Decade
Ki Young Ju noted that about 3.4 million BTC has not moved in over 10 years. Around 1 million of that is tied to Satoshi. At current prices, that is hundreds of billions of dollars sitting in addresses that quantum computers could eventually crack.
He framed the situation as binary. Either Bitcoin upgrades its protocol and freezes these coins, or quantum attackers eventually drain them. Anyone using old address types faces the same outcome: coins frozen by design or stolen by force.
Will the Crypto Community Agree?
This is where Ki Young Ju’s argument gets interesting. He said developers can build quantum-resistant solutions.
The problem is getting the Bitcoin community to actually agree on freezing coins, something that goes against Bitcoin’s core principle of immutability.
He pointed to past disputes as evidence. The block size debate lasted over three years and caused hard forks. SegWit2x failed to get enough community support. Freezing dormant coins would face similar, if not stronger, pushback.
“Technical fixes move fast. Social consensus does not,” he said. “Developers are not the bottleneck. Social consensus is.”
Also Read: Willy Woo: Bitcoin vs Gold 12-Year Trend Broken, Quantum Risk to Blame
Should Satoshi’s Coins Be Frozen?
Ki Young Ju ended with a direct question to the community: Would you support freezing dormant coins, including Satoshi’s, to protect Bitcoin from quantum attacks? Or does that go against everything Bitcoin stands for?
If that question alone already divides the community, he said, the quantum debate needs to start now.
The post Should Satoshi’s Bitcoin Be Frozen? CryptoQuant CEO Warns 6.89M BTC Face Quantum Risk appeared first on Coinpedia Fintech News
CryptoQuant founder Ki Young Ju warned on X that roughly 6.89 million BTC are currently vulnerable to quantum attacks. That figure includes an estimated 1 million BTC linked to Bitcoin creator Satoshi Nakamoto. According to Ki Young Ju, 1.91 million BTC sit in old P2PK addresses where public keys are permanently visible on the blockchain. …
This articles is written by : Nermeen Nabil Khear Abdelmalak
All rights reserved to : USAGOLDMIES . www.usagoldmines.com
You can Enjoy surfing our website categories and read more content in many fields you may like .
Why USAGoldMines ?
USAGoldMines is a comprehensive website offering the latest in financial, crypto, and technical news. With specialized sections for each category, it provides readers with up-to-date market insights, investment trends, and technological advancements, making it a valuable resource for investors and enthusiasts in the fast-paced financial world.