Michael Saylor recently stated that quantum computing threats will not destroy Bitcoin but will instead lead to network upgrades, enhancing its strength. He suggests that active coins will migrate, while lost or dormant coins will be permanently frozen, thus increasing security and reducing actual circulating supply. Saylor's view is based on discussions within the Bitcoin community about quantum threats, proposing the introduction of post-quantum cryptography. This would allow active users to move funds to new addresses, while approximately 20-25% of dormant or lost Bitcoins, including early P2PK addresses, would remain immovable, effectively reducing supply and boosting network security. The statement has sparked debate, with some agreeing on the potential to reinforce Bitcoin's scarcity, while others express concerns over the challenges of consensus upgrades and potential centralization risks.
Michael Saylor: Quantum Computing Will Strengthen Bitcoin, Not Destroy It
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