Bitcoiners Reach Initial Consensus on Satoshi's Coins


Alex Thorn, head of research at Galaxy Digital, said there is a growing agreement regarding Satoshi's ownership. He cited several discussions held this week in Las Vegas with skeptics, supporters, and other Bitcoiners.
An estimated 1.1 million Bitcoins $BTC owned by Satoshi are spread across approximately 22,000 P2PK addresses, each containing 50 BTC. Thorn revealed that a remote attack would need to hack each address one by one. Meanwhile, exchanges can migrate to post-quantum addresses before Q-day arrives.
He added that the Bitcoin market can typically absorb selling pressure of more than one million BTC. This indicates that the network can still withstand worst-case scenarios without sacrificing the core property rights of the network.
Both redundancy in wallets and protocol-level restrictions remain open questions, as quantum research continues to develop rapidly.
BTC0.55%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin