Cardano Founder Disputes Bitcoin's Quantum Solution, Claims It Won't Protect Satoshi's Coins

Following a proposal by Bitcoin's core developers to freeze 8 million coins as a defense against quantum attacks, Cardano's Charles Hoskinson expressed his skepticism about the plan's ability to protect Satoshi Nakamoto's coins. In a video, Hoskinson stated that the proposed solution, BIP-361, is technically flawed and would require a hard fork, which is contrary to Bitcoin's development culture. He also argued that the plan's zero-knowledge recovery method would not be able to rescue the roughly 1.7 million pre-2013 bitcoins, including Satoshi's holdings, due to their use of an outdated key derivation method.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.