Technically solid.
But it completely misses the point of Bitcoin.
Here’s why it clashes with Bitcoin’s core values:
1. It’s a hidden hard fork.
You can’t force everyone to migrate to new addresses without breaking backward compatibility. That’s not a soft fork, it’s a network split waiting to happen.
2. The quantum threat isn’t real yet.
There’s no serious evidence that quantum computers can break Bitcoin anytime soon. Planning for a sci-fi future while risking Bitcoin today? That’s not smart engineering.
3. It needs centralized coordination.
Who sets the migration deadline? Who enforces it? That’s not how Bitcoin works. We don’t take orders from a committee.
4. It puts real users at risk.
Think cold storage, lost wallets, or even deceased users. Forcing a cutoff means those coins are gone forever. That’s not a bug, it’s a feature of the proposal. And it’s reckless.
5. It forgets Bitcoin is money.
People rely on Bitcoin as a store of value. If the rules can suddenly make your coins unspendable, trust breaks. You don’t mess with monetary guarantees.
6. There are better, voluntary paths.
We can add #quantum -safe address types. Let people move over time, if and when they want to. No need to rush or force anyone.
Bottom line:
#Bitcoin ’s strength isn’t in “upgrading fast.”
It’s in being stable, opt-in, and hard to change.
This #BIP belongs in a test lab #Nostr, not in the protocol millions rely on for financial sovereignty.
quotingInteresting BIP for Bitcoin.
nevent1q…25ha
Essentially, it is a draft for the Bitcoin Software to implement. through a fork, to prohibit old non-quantum resistant wallets to move UTXOs past a certain block. It is not a BIP yet and the time given to the holders of those arcaic to be wallets to move the UTXOs is also not determined yet.
I am no expert, but I imagine that we can anticipate a true danger from a quantum computer to move these UTXOs a decade or so in advance.
The first sign would be the wallets that were already active and still have UTXOs to spend, as these ones would be the easiest to crack by reverse engineering the signature used. We are talking Satoshi time wallets.
Food for thought.
https://protos.com/bip-proposes-destroying-bitcoins-to-save-the-ecosystem-from-quantum-attack/