While proponents argue that the proposal prevents a “silent drain” of assets by quantum-capable actors, critics like Frederic Fosco contend that the solution is more dangerous than the threat. They argue that implementing a mechanism to freeze coins violates bitcoin’s core tenet of absolute property rights. Key Takeaways: BIP-361 aims to protect bitcoin from quantum […]Scarcity Pump or Monetary Suicide? The Radical Argument Against BIP-361
While proponents argue that the proposal prevents a “silent drain” of assets by quantum-capable actors, critics like Frederic Fosco contend that the solution is more dangerous than the threat. They argue that implementing a mechanism to freeze coins violates bitcoin’s core tenet of absolute property rights. Key Takeaways: BIP-361 aims to protect bitcoin from quantum […]