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Quantum Threat May Force Satoshi to Move Bitcoin
Adam Back, CEO of Blockstream and early Bitcoin contributor, believes that advancements in quantum computing could eventually compel Satoshi Nakamoto to move their Bitcoin holdings, potentially revealing whether the pseudonymous creator is still alive.
Back suggests that as quantum computers become capable of breaking current cryptographic protections, Bitcoin holders will need to transfer their assets to quantum-resistant addresses. If Satoshi’s coins remain unmoved during such a transition, it could indicate that the creator is no longer alive.
Quantum Computing Still Years Away from Threatening Bitcoin
Despite these concerns, Back emphasizes that quantum computers do not currently pose a credible threat to Bitcoin’s cryptography. He estimates that it may take around 20 years for quantum computing to reach a level where it can compromise Bitcoin’s security.
In the meantime, Back advocates for the Bitcoin community to prepare for a future where quantum-resistant signatures become necessary. He proposes implementing a system that allows addresses to switch to quantum-resistant signatures when needed, ensuring the network’s continued security.
Privacy Enhancements Could Obscure Satoshi’s Actions
Back also notes that future privacy upgrades to Bitcoin could complicate efforts to determine whether Satoshi has moved their coins. Enhanced privacy features might allow for the implementation of quantum-resistant measures without revealing specific transactions, preserving user anonymity.
However, some members of the Bitcoin community remain skeptical that Satoshi would take action, even in the face of a quantum threat. An anonymous early Bitcoin miner told Cointelegraph that they believe Satoshi would prefer to let the community decide how to handle the situation, rather than intervening directly.
Preparing for a Quantum-Resistant Future
As the potential for quantum computing to disrupt current cryptographic systems looms on the horizon, Back urges the Bitcoin community to proactively develop and implement quantum-resistant solutions. By doing so, the network can safeguard its assets and maintain its integrity in the face of emerging technological challenges.
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