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📰 【Paradigm Partners Publish PACTs Proposal, Satoshi Nakamoto Era Holders Can Prove Control Without Moving BTC】
BlockBeats reports that, on May 2, concerns about quantum computing for Bitcoin have always involved a “Satoshi-related problem.” If a sufficiently powerful quantum computer is ever introduced, millions of bitcoins stored in old wallets with exposed public keys could face the risk of being stolen, including approximately 1.1 million bitcoins that are allegedly attributed to the anonymous creator Satoshi Nakamoto, currently worth about $84 billion. Senior developer Jameson Lopp and five other developers formally put forward this proposal through BIP-361 in mid-April, which will gradually phase out addresses that are vulnerable to quantum attacks on a five-year schedule and freeze any coins that fail to complete the migration. But this proposal creates another issue: Satoshi Nakamoto...
What the hell, man! Has Paradigm finally woken up? The PACTs proposal, put simply, is like putting quantum protection on Satoshi’s 1.1 million bitcoins—no need to move them at all! WDNMD, you dog whales, do you know how exciting that $8.4 billion is? The moment quantum computers come out, all the coins held by old investors will have their pants pulled down for everyone to see! This plan basically lets Satoshi Nakamoto play dead on the spot, with the coins not even needing to move—so if those dog whales want to steal, they’ll first have to get past quantum cryptography! The sky is falling, folks—this is the real hardcore defense. The crypto world finally has some actual technical substance!
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