David Hoffman
👤 SpeakerAppearances Over Time
Podcast Appearances
But anyway, they said the four options are you could do nothing.
Just let the quantum attackers take them.
You could burn.
You could take this whole dormant supply.
Figure out what, you know, get consensus on what coins are dormant and burn them all.
That would require a hard fork.
Yes.
You could do an hourglass approach, which is a scheme that they developed to limit the rate that dormant coins could be spent.
So you slow the drain.
Or this was also a Justin Drake idea.
They called it bad side chain, where you'd have this pegged side chain.
You'd put all the dormant coins on that.
And then owners would have to submit some ownership proofs.
And if they submitted the right proof, they could get their coins restored to them.
I don't get to decide.
Now, CZ has weighed in, at least at this early phase.
And he said this about Bitcoin.
you know, number one, don't panic.
Some people are panicking about quantum.
Don't panic about that and its impact to crypto.