- •
BIP361 would freeze quantum-vulnerable legacy Bitcoin addresses
“BIP361 gets activated for three years. You can spend from legacy scripts, that's what we have now, or a new post-quantum script that gets created. Then that phase is sunset. So after three years, or after two years, then the nodes reject legacy scripts. And so that effectively freezes vulnerable coins or old, old coins.”
- •
Recycling abandoned coins could fund long-term tail emissions
“Freeze the coins. They're out of circulation, but just put them back into the money. They can be mined over the next 100 years. I think just freeze those coins, put them back in. I'm surprised at how controversial this is. I guess we'll get into maybe just skip to one of these news stories.”
- •
Wall Street involvement shifts Bitcoin fork game theory
“No major Wall Street institution was involved with Bitcoin in 2015 to 2017 at all, except for the CME. So now they need to get involved. They have clients, they have legal exposure. What are they gonna do? It's just a much bigger market now and the corporates are so much more important today.”
- •
ETFs will likely favor chains that freeze Satoshi's coins
“If I'm a big asset manager, I'm just rejecting a fork out of hand that doesn't freeze the coins. It's too risky. So I think if there's a fork situation, there will be a market that emerges and the ETFs will pick one chain. They can't just have two; that's crazy.”
- •
Satoshi's coins present a no-win scenario for Bitcoin consensus
“There's actually no good outcome because either you let some random entity claim 1.7 million bitcoins, and we don't know who that is. It could be disastrous, it could be the end of Bitcoin. Or you change the core principle of Bitcoin, which is the monetary policy. That's also kind of unacceptable.”