CZ Proposes Freezing Satoshi’s Wallet to Stop Quantum Hackers
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Former Binance CEO Changpeng 'CZ' Zhao proposed that Bitcoin should freeze Satoshi's coins if they don't move within a specified window, suggesting a 12-month grace period. He argues this would protect roughly 1.1 million BTC believed to be Satoshi's from future quantum attacks by encouraging owners of vulnerable wallets to migrate to quantum-proof addresses, a controversial protocol/security proposal with governance and market implications for crypto.
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- CZ said Bitcoin should freeze Satoshi’s coins if they don’t move in a specified period.
- His idea is to stop a future quantum attacker from stealing Satoshi’s Bitcoin.
- It’s estimated that Satoshi owns around 1.1 million BTC from the early days of Bitcoin.
During a recent discussion about Bitcoin’s long-term security, former CEO of Binance, Changpeng ‘CZ’ Zhao said that Bitcoin should freeze Satoshi’s coins if they don’t move in a specified timeline, such as 12 months.
He believes that if Bitcoin ever moves to quantum-proof security, the network should give people with older, more vulnerable wallets a grace period to move their coins to safer addresses.
After that window closes, the Bitcoin community could think about freezing any coins that are still sitting in quantum-vulnerable wallets, including Satoshi’s untouched holdings. The idea is to stop …
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