Charles Hoskinson Claims Bitcoin's Quantum Solution is a Hard Fork That Fails to Rescue Satoshi's Coins

Bitcoin developers have proposed a plan to protect against quantum attacks by freezing 8 million coins. However, Charles Hoskinson, founder of Cardano, believes this plan is flawed and cannot save the coins belonging to Satoshi Nakamoto. Hoskinson argues that BIP-361, the proposal to phase out quantum-vulnerable addresses, is a hard fork in disguise, which would require significant changes to the network. He claims that the proposal's use of zero-knowledge proof to recover frozen funds is also ineffective, as it cannot rescue the approximately 1.7 million bitcoins that predate the introduction of BIP-39 in 2013, including those associated with Satoshi's early mining activity. Hoskinson's criticism extends beyond the technical aspects, highlighting Bitcoin's lack of formal on-chain governance, which hinders the network's ability to resolve tradeoffs through a structured process.