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Satoshi Nakamoto’s Bitcoin Could Get Stolen, But A BTC Dev Has Proprosed A Solution

Satoshi Nakamoto's Bitcoin holdings, approximately 1.1 million BTC, are at risk of being stolen due to quantum threats, as they are stored in a Pay-to-Public-Key (P2PK) address that exposes the public key. BTC developer Hunter Beast has proposed the Hourglass V2 solution to mitigate potential market impacts if these coins are compromised. The proposal limits P2PK outputs to 1 BTC per block, preventing quantum attackers from dumping large amounts of Bitcoin at once. Without this restriction, over 300,000 BTC could be released per block, causing severe market disruption. The Hourglass V2 aims to reduce selling pressure while avoiding confiscatory measures like freezing or burning Satoshi's coins, which could set a dangerous precedent. If activated, it would take over 32 years to move all P2PK coins, significantly lowering quantum-related risks.

bitcoinist03/08 13:02