CZ discusses Bitcoin's handling of the threat posed by quantum computing: The community may face three options.

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According to ME News, on June 20th (UTC+8), CZ(CZ) shared an interview video on the X platform, in which he discussed the potential impact of quantum computing on Bitcoin's encryption system, including the threat to Satoshi Nakamoto's holdings of Bitcoin. He suggested that if a future quantum attack breaks the old encryption system, the community might face three options: First, "do nothing," allowing the relevant assets to be naturally transferred by the attacker, creating selling pressure, but ultimately potentially leading to a redistribution within the community; second, freezing or restricting relevant addresses, envisioning the return of assets if identity can be verified, but he believes this path presents technical and trust issues after the encryption is compromised; third, intermediate solutions such as "slowing down or delaying the transfer," but these also involve implementation complexities. CZ also proposed a compromise: setting a time window through community governance, such as 6 to 12 months. If the funds at the relevant early addresses remain unmoved, they can be locked through a network fork or protocol upgrade, permanently removing them from circulation. This would prevent future concentrated theft by attackers and the resulting market-impacting selling pressure. He emphasized that such decisions should be made by community vote, and while there is no perfect answer, "doing nothing could be the worst outcome in the future," therefore mechanisms should be designed in advance to address potential quantum risks. (Source: ME)

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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