Cardano Founder Claims Bitcoin's Quantum Solution is a Hard Fork that Fails to Protect Satoshi's Coins

In response to Bitcoin core developers' proposal to freeze 8 million coins to defend against quantum attacks, Cardano founder Charles Hoskinson expressed his skepticism in a YouTube video, stating that the proposed solution is both technically and structurally flawed. He believes that BIP-361, which aims to phase out quantum-vulnerable bitcoin addresses, is mislabeled as a soft fork and would require a hard fork due to its invalidation of existing signature schemes. Hoskinson argued that this approach would not be able to rescue the roughly 1.7 million bitcoin created before 2013, including the 1 million coins attributed to Satoshi Nakamoto, as they were generated using a different key derivation method. The proposal's reliance on zero-knowledge proof tied to the BIP-39 seed phrase would also render these coins permanently frozen. 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.