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BIP 321 stories

Apr 16, 2026

Charles Hoskinson attacks BIP-361, says Bitcoin's governance can't solve the quantum problem

Cardano founder Charles Hoskinson releases a video calling BIP-361 a mischaracterized soft fork that would render 1.7 million BTC permanently unrecoverable. He tweets "Have fun stealing Satoshi's coins" directly at supporters of the proposal and argues Bitcoin's lack of on-chain governance makes the quantum problem unsolvable, while positioning Cardano's governance model as the alternative.

Apr 16, 2026·4 sources
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Apr 15, 2026

Polymarket odds of Satoshi moving Bitcoin double to 9.3% following BIP-361 publication

Following BIP-361's publication, Polymarket odds for "Will Satoshi Nakamoto move any Bitcoin in 2026?" climbed to 9.3%, up from 4.5% at the start of the year, drawing over $2.4 million in trading volume. Analysts noted the muted overall response suggests traders still view BIP-361 as a governance discussion rather than an imminent catalyst, but the doubling of odds signals growing market unease around Satoshi's estimated 1.1 million BTC.

Apr 15, 2026·3 sources
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Bitcoin's quantum freeze proposal splits the industry; three counter-approaches emerge

Within 48 hours of BIP-361, three competing approaches surface. Adam Back argues at Paris Blockchain Week for optional upgrades over forced freezes. BitMEX Research proposes a reactive "canary fund" that only triggers a freeze if a quantum attack is proven on-chain. Justin Sun announces TRON will be the first major chain to deploy NIST post-quantum signatures on mainnet, though no technical documentation follows.

Apr 15, 2026·5 sources
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Apr 14, 2026

BIP-361 proposes freezing quantum-vulnerable Bitcoin within five years

Jameson Lopp and five co-authors publish BIP-361, a three-phase plan to phase out legacy signatures and freeze any unmigrated coins within five years, including an estimated 1.1 million BTC attributed to Satoshi Nakamoto.

Apr 14, 2026·4 sources
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Top claims

  • ▪Jameson Lopp describes BIP-361 as a rough idea for a contingency plan rather than a finalized specification
  • ▪Eight million BTC is approximately 38.1% of Bitcoin’s 21 million maximum supply
  • ▪Pre-2013 Bitcoin holders have no seed phrase to prove knowledge of, which means no zero-knowledge recovery scheme built on that assumption can return access to the holders

People involved

Charles HoskinsonAdam BackJustin SunJameson Lopp

Subtopics

Bitcoin governance4Bitcoin protocol & upgrades4Blockchain quantum resistance4Satoshi Nakamoto3Bitcoin history2Bitcoin security & risks2Cryptography & hashing2Bitcoin philosophy & culture1Blockchain governance1Crypto market sentiment1Poly Market1Post-quantum cryptography1Prediction markets1

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