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Quantum threats are looming! 25% of circulating BTC may be wiped out within ten years, Bitcoin core developers have initiated proposal BIP360.
Quantum Crisis Countdown: Private Key Cracking May Occur Within Ten Years Bitcoin core developer Jameson Lopp issued a warning during the Quantum Security Summit in San Francisco: ⚠️ Quantum computers may crack traditional encryption Private Key in the next decade. ⚠️ May lead to collective liquidation of ancient whale wallets ⚠️ If the community cannot reach a consensus, it will trigger a systemic collapse. The jointly submitted BIP360 proposal aims to establish a new standard for Bitcoin that is resistant to quantum attacks.
BIP360 Three-Phase Defense System: Economic Incentives Drive Upgrades Phase One (Mandatory Migration) • Set a deadline prohibit transfers to traditional addresses • Promote users to fully transition to Post-Quantum Address Format (PQ Addresses) Phase Two (Fund Freezing) • Gradually prohibit quantum-vulnerable BTC trading within five years • Assets that have not been migrated will be permanently locked on the chain. Stage Three (Optional Recovery) • Establish a quantum-safe asset recovery mechanism through an independent BIP Core logic of the proposal: The economic coercive strategy of "No upgrade = asset zero"
High-Risk Asset Warning: Satoshi's Wallet Faces the Greatest Threat Deloitte's latest research reveals key risk points: 🔴 25% of circulating Bitcoin uses quantum vulnerable addresses (approximately 4.65 million) 🔴 Includes 1 million BTC suspected to be held by Satoshi Nakamoto (valued at $1.22 trillion at current price) 🔴 The remaining high-risk assets are distributed in early miner wallets from 2010-2013. "Bitcoin has never faced existential threats at the cryptographic primitive level," the proposal emphasizes that quantum attacks will lead to a "global economic chain collapse."
Technical Challenge: Quantum-Resistant Signatures Trigger Block Capacity Controversy Lopp admitted that there are practical obstacles to implementation: • Quantum-resistant signature data volume surged by 400% (single transaction reaches 5MB) • Possible restart of the Bitcoin Block Size War Alternative "Hourglass Protocol" is being promoted: proposed by Marathon engineer Michael Casey, it aims to secure a migration time window by limiting the transaction frequency of ancient wallets.
Upgrade Path: Community Consensus Determines Bitcoin's Fate According to the Bitcoin Improvement Proposal process:
Cold Wallet User Emergency Protection Guide 1️⃣ Immediately transfer assets to SegWit v1+ or Taproot address (lower quantum risk) 2️⃣ Keep an eye on BIP360 progress and prioritize support for quantum-resistant wallets. 3️⃣ Enterprise-level holders need to deploy multi-signature + threshold signature composite protection.