Cardano founder Charles Hoskinson has issued a stark warning that proposed quantum safeguards for Bitcoin may fail to protect the entire network, as fears intensify following a Google report suggesting quantum computers could break BTC's private keys in under nine minutes. The alarm follows BIP-361—a controversial proposal by cypherpunk Jameson Lopp and five co-authors to freeze Satoshi Nakamoto's estimated $75 billion Bitcoin holdings ahead of quantum computing becoming publicly available.

Does The Cardano Founder Not Believe In Bitcoin’s Quantum Computer Safeguard Measures?

Hoskinson posted a video on his YouTube page highlighting his thoughts about Bitcoin’s new proposal. The Cardano founder believes that the BIP-361 proposal would require a hard fork, and not a soft fork as otherwise claimed. Moreover, Hoskinson says that a hard fork could go against Bitcoin’s culture.

Hoskinson claims that the zero-knowledge recovery mechanism that the proposal intends to implement will not be able to protect 1.7 million older Bitcoin (BTC). Of these 1.1 million belong to Satoshi Nakamoto. Hoskinson believes so because these older coins were created before BIP-39 seed phrases existed.

Hoskinson believes that if the proposal passes in its current form, the frozen Bitcoin (BTC) will be lost forever. The Cardano founder called the proposal ““

Quantum computers are quickly becoming a public reality. Bitcoin (BTC) and cryptocurrency investors are on edge as the risk of potential security lapses become more and more clear. Ethereum (ETH) has already stated its post quantum security journey, and Bitcoin (BTC) will also likely join the same bandwagon. How things go forth is yet to be seen.