Cardano Founder Disputes Bitcoin's Quantum Solution, Claims It Won't Save Early Coins

Bitcoin developers have proposed a plan to protect the network against quantum attacks by freezing 8 million coins. However, according to Cardano founder Charles Hoskinson, this plan is flawed and will not be able to save the network's oldest coins, including those attributed to Satoshi Nakamoto. Hoskinson claims that the proposed solution, BIP-361, is being misrepresented as a soft fork when it would actually require a hard fork, which would invalidate existing signature schemes. He also argues that the proposal's zero-knowledge recovery plan will not be able to rescue approximately 1.7 million pre-2013 bitcoins, including those held by Satoshi, due to their use of a different key derivation method. This has sparked a debate about the best way to protect the network against quantum attacks, with some arguing that freezing dormant coins is preferable to allowing a potential quantum attacker to recover and dump them on the market.