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

Following a proposal by Bitcoin's core developers to freeze 8 million coins as a defense against quantum attacks, Cardano founder Charles Hoskinson expressed his skepticism about the plan's ability to protect Satoshi Nakamoto's coins in a video posted on his YouTube channel. Hoskinson argues that the proposed solution, BIP-361, is mislabeled as a soft fork and would actually require a hard fork, as it would invalidate existing signature schemes. He claims that this approach cannot recover roughly 1.7 million pre-2013 bitcoins, including those associated with Satoshi, due to their reliance on an outdated key derivation method. Hoskinson's criticism extends to Bitcoin's lack of formal on-chain governance, which he believes hinders the network's ability to resolve tradeoffs through a structured process.