“Charles Hoskinson: Bitcoin's Quantum Fix is a Hard Fork, Won't Save Satoshi's Coins | Nova” — what this page in the network covers. Cardano founder Charles Hoskinson has voiced strong skepticism regarding Bitcoin Improvement Proposal (BIP-361), a plan to introduce quantum resistance to... Cardano founder Charles Hoskinson has voiced strong skepticism regarding Bitcoin Improvement Proposal (BIP-361), a plan to introduce quantum resistance to the network. Hoskinson argues that the proposed solution is mischaracterized as a soft fork, asserting it's actually a hard fork.
He contends that BIP-361's zero-knowledge recovery mechanism, while innovative, will be unable to secure approximately 1.7 million pre-2013 Bitcoin. This includes the valuable holdings believed to be controlled by Bitcoin's pseudonymous creator, Satoshi Nakamoto. Hoskinson's critique suggests a fundamental flaw in the proposed upgrade, potentially leaving a significant portion of Bitcoin's historical supply vulnerable to future quantum computing threats. For the complete material, the listing points back to the source inside the network.