Jameson Lopp

Project Eleven says a new zero-knowledge proof system could let wallet owners prove control of quantum-vulnerable bitcoin without exposing seed material. The approach may support a recovery path under BIP-361, but it does not cover Satoshi-era coins generated before modern wallet derivation existed.

A proposal from Binance founder Changpeng Zhao to freeze Satoshi Nakamoto’s estimated 1.1 million bitcoin if quantum computers threaten Bitcoin’s cryptography has divided prominent industry figures. The dispute centers on whether defending the network from a future hack would justify intervention in coins long treated by markets as permanently dormant.