A proposal to freeze dormant bitcoin, valued at $75,943.97, could trigger immediate repricing, marking one of the cryptocurrency's worst trading days since its launch in 2009, according to advocates. The debate centers around the risk of theft through quantum computing and whether freezing tokens is the best solution.
Some argue that freezing any coins, even lost ones, sets a precedent that could impact the market, while others believe a successful quantum attack would have more severe consequences. The discussion has been ongoing, with some experts suggesting that a freeze could be the worst single-day event in bitcoin's history, not due to a hack, but because the network's core value proposition would be negotiable.
Others propose alternative solutions, such as better tooling and voluntary migration, to mitigate the risks posed by quantum computing.