Cardano Founder Disputes Bitcoin's Quantum Fix, Claims it Won't Save Satoshi's Coins

Bitcoin developers have proposed a solution to defend against quantum attacks by freezing 8 million coins. However, Cardano's Charles Hoskinson claims this won't save Satoshi's coins. He believes the proposal, BIP-361, is technically flawed and requires a hard fork, which would invalidate existing signature schemes. Hoskinson argues that the proposal's zero-knowledge recovery plan won't work for approximately 1.7 million pre-2013 bitcoin, including those associated with Satoshi. He claims these coins were generated using a different key derivation method and would remain frozen even if the proposal passes. The debate highlights the challenges of Bitcoin's lack of formal on-chain governance, leaving contentious upgrades to be negotiated through developer mailing lists and social pressure.