WOO (WOO) Plunge

A debate emerged on social media regarding the potential scenario of a quantum computer hacking and dumping Satoshi Nakamoto’s 1 million BTC. YouTuber Josh Otten suggested this could crash Bitcoin's price to $3, but long-term holder Willy Woo countered that many original Bitcoin investors (OGs) would buy such a flash crash, ensuring the network's survival. Woo noted that around 4 million BTC in older "pay-to-public-key" (P2PK) addresses, including Satoshi's, are vulnerable because they expose public keys onchain, which a powerful quantum computer could use to derive private keys. Newer wallet types are more secure as they don’t reveal public keys. While some fear quantum computing could destroy crypto, experts like Blockstream’s Adam Back believe the threat is decades away, allowing time to adopt quantum-resistant cryptography. Analyst James Check added that the bigger risk is to Bitcoin’s market price, as the community is unlikely to preemptively freeze Satoshi’s coins before a quantum attack.