Bitcoin experts split over plan to freeze Satoshi's 1.1 million bitcoin as quantum threat grows Binance founder Changpeng Zhao said Satoshi Nakamoto's bitcoin should be frozen before quantum computers can steal it. Not everyone agrees. - Binance founder Changpeng Zhao has suggested freezing Satoshi Nakamoto’s estimated 1.1 million bitcoins if they remain unmoved once quantum computers threaten Bitcoin’s cryptography, a proposal that has divided leading industry figures. - Critics such as investor Michael Terpin argue that freezing Satoshi’s coins would violate Bitcoin’s core principle of being a permissionless system and doubt the decentralized community could reach consensus on such a change. - Other experts, including developer Jameson Lopp and Bitwise’s Matt Hougan, say the real issue is preparing Bitcoin for a post-quantum world, with ideas ranging from phased cryptographic upgrades to placing Satoshi’s coins in a legal trust, though all agree the debate is still largely theoretical. Binance founder Changpeng Zhao's suggestion that the estimated 1.1 million tokens belonging to Bitcoin creator Satoshi Nakamoto should be frozen to prevent them from being stolen should quantum computers break the blockchain's cryptography elicited conflicting views among some of the industry's best-known investors, developers and entrepreneurs. Zhao, widely known by his initials CZ, floated the idea during a podcast last month with Galaxy Digital's Alex Thorn. His idea was to give Satoshi six to 12 months to move the bitcoin "If we don't do anything with it, then we're basically giving it to somebody who's going to hack it," Zhao said. Among the concerns is the possibility that someone with access to the tokens might dump them on the market, flooding supply and crashing the price. An alternative worry is the blockchain seizing control of an individual's property in a system that's designed to be permissionless and trustless. Michael Terpin, founder and CEO
Bitcoin experts split over plan to freeze Satoshi's 1.1 million bitcoin as <b>quantum</b> threat grows
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