David Hoffman
👤 SpeakerAppearances Over Time
Podcast Appearances
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.
Number two, what do we do with the Satoshi coins?
Well, if they don't move in a certain period of time, it might be better to lock or effectively burn those addresses so they don't go to the hacker who cracks it.
That's it.
Just lock them or burn them.
And I was like shocked at how nonchalant this answer was from CZ.
That's a big deal, right?
That's property rights.
That is the reason that Bitcoin exists, I thought.
Yeah.
They also talk about Ethereum, of course.