Sandy Peng said that the risks of P2PK addresses are pretty alarming, but even more alarming is whether the Bitcoin community can argue this out within the next ten years—history tells us, it’s still up in the air.

Sandy Peng, co-founder of Scroll, analyzes that the core quantum threat facing Bitcoin lies in community governance and multi-party coordination, rather than pure technology. The demand for qubits has significantly decreased, top computing power progress is clear, and it may be implemented within ten years; early P2PK addresses and Bitcoin assets related to Satoshi Nakamoto are vulnerable to attacks. While there are standards for quantum-resistant upgrades, they will impair network performance and increase costs, and historical upgrade disagreements have caused resistance. Ethereum already has flexible quantum protection, supporting users to upgrade signatures independently. Industry experts warn that Bitcoin's survival space is shrinking, with threat cycles overlapping with consensus cycles, recommending retail investors migrate high-risk addresses and institutions strengthen risk control.