Quantum Risk of 1 Million in Bitcoin: Can Nakamoto's Assets Be Stolen? - Coin Bulletin

Emin Gün Sirer stated that Satoshi Nakamoto's 1 million Bitcoins may be vulnerable to quantum computing attacks due to the old P2PK format.

Emin Gün Sirer, founder of Ava Labs, pointed out that 1 million Bitcoins (BTC) believed to belong to Satoshi Nakamoto could be at risk from quantum computing threats.

Sirer stated that these Bitcoins use a very old transaction format called "Pay-To-Public-Key" (P2PK) format, which exposes the public key and buys time for attackers.

Due to the characteristics of the P2PK format, it is stated that these Bitcoins could be at risk in a possible quantum computing attack. Sirer mentioned that if the potential threat of quantum computing increases, the Bitcoin community may consider freezing Satoshi's Bitcoins or setting an expiration date for all coins in P2PK format as a more general solution to freeze them.

Sirer's statements have sparked debates in the crypto community. Although the impact of quantum computing on existing blockchain systems has been a topic of discussion for a long time, Satoshi's recommendations on the security of Bitcoins and the future of these assets are noteworthy.

Experts emphasize that these types of threats do not pose a significant risk in the short term, but it is important to take long-term measures. The measures that can be taken to protect Satoshi's Bitcoins could play a determining role in the future resistance of the cryptocurrency ecosystem to quantum computing.