Bitcoin developer Jameson Lopp says it's better to freeze 5.6 million BTC than let hackers have them
CoinDesk·4h ago·Fear
What Happened
Bitcoin developer Jameson Lopp proposed freezing an estimated 5.6 million dormant bitcoin tokens worth $420 billion to protect them from potential quantum hackers. BIP-361, released Tuesday, explores phasing out current cryptographic signatures and invalidating transactions from quantum-vulnerable wallets. Lopp emphasized this is a contingency plan, not finalized policy. Any change requires network consensus. The proposal has sparked community debate between security concerns and Bitcoin's immutability principles.
Key Entities
Jameson LoppBitcoinBIP-361Quantum Computing5.6 million BTCCoinDesk