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BTC $67,234.20 -2.45%
ETH $1,954.46 -3.30%
BNB $594.85 -5.01%
XRP $1.37 -2.70%
SOL $81.43 -3.45%
TRX $0.2749 -0.93%
DOGE $0.0901 -3.50%
ADA $0.2557 -2.90%
BCH $517.99 -0.99%
LINK $8.32 -2.57%
HYPE $29.07 -2.28%
AAVE $106.87 -1.73%
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ZEC $227.19 -3.96%

nakamoto

Opinion: If Bitcoin is cracked by quantum computing, OG will take over Satoshi Nakamoto's holdings

Last Saturday, there was intense discussion on social media regarding the potential impact of "quantum computers possibly invading Satoshi Nakamoto's Bitcoin wallet and dumping his holdings." This debate originated from a Bitcoin price chart shared by YouTuber Josh Otten, which showed BTC plummeting to $3. He stated that if a sufficiently powerful quantum computer were to successfully steal the approximately 1 million BTC held by the anonymous Bitcoin founder Satoshi Nakamoto and dump it onto the market, such a scenario is possible.In response, long-term Bitcoin holder Willy Woo said, "Many OGs (early Bitcoin holders) would buy in during such a flash crash. The Bitcoin network will survive; most Bitcoin will not face immediate risk." Woo further pointed out that about 4 million BTC are stored in P2PK (Pay-to-Public-Key) addresses, which include Satoshi's Bitcoin. These types of addresses expose the full public key directly on-chain when spent, making them theoretically more susceptible to quantum attacks.He added that once the full public key of a Bitcoin wallet is exposed on-chain, it could face quantum attack risks in the future—because, assuming sufficient computational power, a quantum computer could theoretically derive the private key from the public key. In contrast, newer types of Bitcoin addresses are not as easily susceptible to quantum attacks because they do not expose the full public key on-chain; if the public key is unknown, a quantum computer cannot generate the corresponding private key from it.

Bitcoin falls over 30%, causing Satoshi Nakamoto's assets to shrink by $41 billion, with net worth dropping below that of Bill Gates

Due to the price of Bitcoin dropping more than 30% from its historical high at the beginning of October, Satoshi Nakamoto's net worth in Bitcoin has shrunk by $41 billion in just over a month.According to data from Arkham Intelligence, the total value of Bitcoin holdings associated with the wallets tracked has decreased from $137 billion a month ago to $95.8 billion. When the price of Bitcoin reached an all-time high of $126,080 in early October, the total assets were valued at $137 billion, ranking 11th on the Forbes Billionaires List, above Bill Gates. With the recent drop in Bitcoin's price to around $87,281, the net worth has fallen to $95.8 billion, below Bill Gates ($104.4 billion), dropping to 20th place on the billionaire list.Crypto experts have identified approximately 1.1 million BTC held through the Patoshi Pattern, a unique mining pattern in early Bitcoin blocks. Quantum computing threat: Some believe that as quantum computing technology advances, it poses a "survival threat" to the Bitcoin network (Q-Day), and this anonymous creator may speak out. Joseph Chalom, co-CEO of SharpLink Gaming, stated that he has a bold idea that in the next five to ten years, when the Bitcoin network needs to implement "quantum protection," there may be significant decisions regarding standards and encryption, at which point Satoshi Nakamoto might make an appearance.
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