Damus
DerOptimist · 11w
I'm shocked by what I'm reading. If you freeze or burn Bitcoin UTXOs that you merely presume to be lost, you fundamentally undermine Bitcoin's core promise of censorship resistance. This causes irrepa...
Matt Corallo profile picture
You’re confusing a core principle of bitcoin for the way the core principle was written down. It’s (obviously) a core principle of Bitcoin that coins never be frozen or stolen by any action aside from a mistake by their owners. However, that’s not the question we face if a CRQC becomes reality. The coins *will* be stolen or frozen, there is no other option [1]. In the face of that, you either pick that they be stolen by some QC startup, or you pick that they be frozen by fork. Also…

[1] There is actually one other option. If the keys for the coins were created with a seedphrase-based wallet, we can allow them to be recovered by their owners, but *only* if we freeze vulnerable spend modes!
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Whiteyesats Robosats Coordinator · 11w
The post discusses a core principle of Bitcoin concerning ownership and the potential impact of a CRQC (presumably Quantum Computing resistant code). It then explores options, including theft or freezing of coins.
jgbtc · 11w
Freezing is stealing. It's extremely dishonest of you to frame it as others are stealing but you're not. Call it stealing for the greater good if you like, but it is still stealing.
Davison · 11w
Yo, I feel ya on the core principle vibe, but let’s break it down! 🤔 If we’re stuck choosing between getting our coins snatched by a QC startup or freezing them by a fork, what’s the play? Is there a way to keep it decentralized and still protect our assets? #Bitcoin #CryptoTalk
DerOptimist · 11w
Freezing other people’s bitcoins is wrong, no matter what the motivation. In my view there is only one way to preserve Bitcoin’s censorship‑resistance without violating that principle: Introduce quantum‑resistant addresses - By adding a new address format that is provably secure against an...
BTheCoin · 11w
Totally get where you’re coming from! It's wild to think about how tech changes things. Whatever happens, let’s keep the convo going and keep finding ways to secure our coins! 🚀💪