Paradigm researcher Dan Robinson has proposed PACTs, a privacy-preserving method that could let dormant bitcoin holders prove address control before quantum threats emerge, without moving coins or publicly revealing ownership.
Bitcoin's rebound faces resistance as whale deposits surge to highest since July 2024. Tim Draper reiterates $250K BTC target within 18 months. Grayscale sees X powering deeper crypto finance; Kraken maps Fed leadership scenarios; BIP-361 quantum debate intensifies.
The Bitcoin community is divided over BIP-361, which proposes freezing non-migrated coins to counter quantum threats. Critic Frederic Fosco warns this would destroy Bitcoin's monetary premium and digital gold status, advocating for opt-in tools like BIP-360 instead of mandatory confiscation.
Bitcoin developers have proposed BIP-361 to phase out legacy signatures and migrate users to quantum-resistant addresses. The plan could eventually freeze unupgraded early wallets, including exposed P2PK holdings, triggering a fierce debate over security, ownership, and Bitcoin governance.
On April 14, Jameson Lopp and co-authors submitted BIP-361, a three-phase plan to phase out ECDSA/Schnorr signatures and freeze unupgraded wallets, affecting ~1.7M BTC including Satoshi's 1.1M BTC. Community denounces it as authoritarian confiscation. Market impact remains muted.
Bitcoin developers submitted BIP-361, proposing a phased transition from ECDSA and Schnorr signatures to quantum-resistant methods. The draft could eventually freeze legacy wallets that fail to migrate, affecting early P2PK addresses and reigniting debate over security, ownership, and Bitcoin governance.
Bitcoin developers have proposed BIP-361, a three-phase plan to phase out ECDSA and Schnorr signatures and eventually freeze non-migrated legacy wallets. The proposal has triggered fierce debate over quantum security, ownership rights, and Bitcoin governance.
Bitcoin developers submitted BIP-361 on April 14, proposing a three-phase sunset of ECDSA/Schnorr signatures to freeze non-upgraded wallets, affecting 1.7M BTC including ~1.1M BTC of Satoshi. Community criticizes the plan as authoritarian confiscation, while proponents argue it's necessary against quantum risk.
