{"id":525501,"date":"2026-07-04T22:31:12","date_gmt":"2026-07-04T22:31:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/525501\/"},"modified":"2026-07-04T22:31:12","modified_gmt":"2026-07-04T22:31:12","slug":"a-plan-to-freeze-the-creators-bitcoin-sparks-fierce-debate-over-crypto-rules","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/525501\/","title":{"rendered":"A plan to freeze the creator’s Bitcoin sparks fierce debate over crypto rules"},"content":{"rendered":"

He authored Bitcoin Improvement Proposal 361 (BIP-361)<\/a>, which outlines a phased migration to quantum-resistant cryptography.<\/p>\n

“The goal is to create incentives and deadlines so users, exchanges, custodians, wallets and institutions actually migrate in a timely fashion,” saidLopp, who in April said it would be better to freeze<\/a> Satoshi\u2019s hoard and millions of other dormant bitcoins than to let hackers steal them.<\/p>\n

Matt Hougan, chief investment officer at Bitwise, rejected both letting the coins be stolen and freezing them outright.<\/p>\n

Instead, he pointed to a proposal by Castle Island Ventures partner Nic Carter that would place Satoshi’s bitcoin into a legal trust until ownership could be proven through historical electronic records.<\/p>\n

Avoiding philosophical challenges<\/p>\n

“I actually like Nic Carter’s proposal,” Hougan said via email. “It avoids the philosophical challenges of both CZ’s suggestion and the ‘let whatever happens’ perspective.”<\/p>\n

Hougan said the market already treats Satoshi’s holdings as effectively unavailable, meaning almost any change would create more risk than opportunity.<\/p>\n

“I don’t think there is any way that developments around Satoshi’s coins are positive for the ecosystem,” he said. “The market already accounts for them as frozen forever.”<\/p>\n

For now, the debate remains largely theoretical. Researchers are still working on practical post-quantum cryptography for Bitcoin, and no consensus has been reached on how the network should respond if its encryption does become vulnerable.<\/p>\n","protected":false},"excerpt":{"rendered":"He authored Bitcoin Improvement Proposal 361 (BIP-361), which outlines a phased migration to quantum-resistant cryptography. “The goal is…\n","protected":false},"author":2,"featured_media":525502,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[951,114,235668,85,46,1423],"class_list":["post-525501","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-bitcoin","tag-business","tag-cz","tag-il","tag-israel","tag-quantum-computing"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/525501","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=525501"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/525501\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/525502"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=525501"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=525501"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=525501"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}