‘Existential threat’: Bitcoin proposal would freeze Satoshi’s quantum-vulnerable coins

The proposal, led by Jameson Lopp, seeks to safeguard Bitcoin against quantum threats by freezing vulnerable address types. It highlights fears that quantum computers could exploit current Bitcoin security within the next decade, risking significant economic disruption.

This initiative outlines a three-phase plan: initially disallowing funding to vulnerable addresses, followed by a five-year restriction on spending from these addresses. It calls for action from the Bitcoin community to reach consensus to avoid catastrophic losses.