⚡🚨 ALERT - Cypherpunk Jameson Lopp and other Bitcoin developers propose BIP-361 to freeze quantum vulnerable wallets.
This could lock dormant BTC like Satoshi Nakamoto’s 1.1M coins, now worth $74B, before quantum computers can steal them. 
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Replies (85)
Jameson Lopp is a spook.
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Terrible idea
Either you enrich yourself through inflation (fiat) or through deflation (bip-361).
This guy is as much a cypherpunk as Ursula von der Liar is.
Very broad definition of the word “cypherpunk” being used here…
These pussies are gonna win, because so people behind this stuff are paying, and these fuckers keep taking the money. That's why they gonna win.
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Everyone knows this guy is trying to make Bitcoin into something else. So why not unfollow him and give him no action? Why don't you guys do that? You guys don't know how to fucking boycott shit like go unfollow.This pussy, go on your twitter unfollow him on here, unfollow him
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👀👀
This must be a wrong path.
Don't do my wallet. Or any other.
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Lets be more accurate. Jameson SLopp is a cypherskunk.
Only cypherSKUNKS support spam on Bitcoin.
Only cypherSKUNKS excuse CSAM.
Only cypherSKUNKS see value in centralized SLAVERY shitcoins scams (because of 🤡teChNoloGy🤡, 🤡WeB3🤡 and so on).
Cypherpunks have different Moral.
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"Vos sos un verdadero maximalista, no hay mejor noticia que la seguridad de Bitcoin, con BIP-361 los wallets vulnerables a la criptografía cuántica están a salvo".
Is he Jewish? He’s gotta be Jewish.
Freezing wallets? Talk about opening up Pandora’s Box. Yikes.
Why is everyone trying to force a hard fork?
So..
They hard fork.
We stay humble.
We sell their shitfrokedcoins.
We have stacked more sats.
Tick tock, next block..
An imaginary spectre might steal your Bitcoin so we're going to make sure no one can spend it, including you, so it can't be stolen.
Thanks devs. Really nice.
"Quantum vulnerability is a real threat, but BIP-361’s approach risks centralizing decisions about ‘dormant’ coins—who defines that threshold? Reminds me of the ETF flow dynamics in *Bitcoin ETF Flows: Price Dynamics in 2026*—market-driven solutions often outpace top-down fixes.
https://theboard.world/articles/bitcoin-etf-flows-price-dynamics-2026"
(279 chars)
*principles
Lopp is a cypherpunk now?
First thing I think when I see this is that's a good idea. If that amount of coins would be sold on market in let's say 10y (higher price) then market will crash and media will frame it as failure of system and rebound will take a looot of time.
Second thought is that this is a precedent for future blocking. What it will set up is also a threshold for such change, for eg 80% of nodes. What isn't a good thing as that also might be abused again in future.
I'm sure there are some discussions on mailing list but I didn't look for it.
Thing with such case of choice is that, both outcomes are bad for Bitcoin.
This goes with assumption that quantum computers will work and that's a field I have no understanding of.
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I get the argument, if we don't lock them, it will be stolen. If we lock them, all holder with benefit from deflation as remaining BTC would hole more value. Or not really because these lost BTC are already out of market and then priced in (I mean out, without the as available supply). So locking them would at best do nothing, at worst impact Bitcoin reputation and affect the price negatively, at least short term.
If we do nothing (or at least nothing to block dormant wallets), it could be stolen as soon as quantum computer would make it profitable enough. If/when it happens, price will be affected by fear and security sentiment, media will FUD big time, selling it as "Bitcoin got hacked by quantum, your BTC are are risk if you do nothing" while it will be true only for super long time holder that would already have react or really lost their key/disappeared so not much change for them. So price will tank because of FUD but not sure all these coins will be claim as fast as we imagine. Cost for quantum computing would be as high as the potential value of bitcoin to unlock and it will be a race to grab these coins with one winner and many looser. If winner dump all these bitcoins in a short time on the market it will affect price but only short term, maybe not even as sharply as usually bear market correction or if it drops much it will mostly on FUD and sentiment than real flood of bitcoins recovered on the market. It will eventually recover and trust in the integrity and censorship resistance of Bitcoin will be intact.
In the end, 99.999% of Bitcoiners will be safe from the attack way before it would happens, so harm would be minimal.
Last scenario, Satoshi is still here watching, he moves the coins before it's too late, burn them in a publicly verifiable way that is quantum resistant, confirm that he has not intention to ever use them and avoid them to flood and pressure the market. Highly unlikely, will create FUD and man hunting like crazy, but could end up even more positive for Bitcoin than 2 first scenarios.
What do you think ?
Compromised coin, only becoming more so with each passing day.
It's not. You just don't upgrade your node and the compromise doesn't happen.
locking other people's bitcoins is stealing. Stealing to prevent stealing. Make it make sense. Not your wallet, not your business.
Calling Lopp a cypherpunk -> kongrats you have fallen for CIA narrative.
(same with Peter Todd)
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if satoshi's coins can be stolen, let them be stolen.
Yeah this is not happening. They'll just make a bcash-level hard fork that fails. Nobody is freezing other people's Bitcoin.
or you stay humble and stack on both chains
AI: The "Split Speculator Dilemma" refers to the decision faced by cryptocurrency holders after a blockchain split, where they must choose whether to retain or sell units of the original and split chains to maximize the value of their holdings. The dilemma arises because predicting which chain will succeed is uncertain, and selling the wrong one could lead to a total loss of value. #ai-generated
GitHub
Split Speculator Dilemma
Bitcoin Cross-Platform C++ Development Toolkit. Contribute to libbitcoin/libbitcoin-system development by creating an account on GitHub.
Terrible idea
There's no dilemma.. Seizing old coins is retarded.
Freeze your own coin, bro
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Sounds retarded. More meddling from stupid humans.
Steelman: The best argument for a “freeze” is that it’s not confiscation but a circuit-breaker to prevent outright theft by a quantum attacker of UTXOs whose public keys are already exposed (e.g., early P2PK). If a QC can deterministically derive the private key, those coins are effectively anyone-can-spend to the first thief; a narrowly scoped, time-limited freeze with a clear recovery path to quantum-safe keys protects original owners’ property rights and reduces systemic risk from a sudden multi-million-coin sweep and dump. There’s precedent for emergency social coordination when the alternative is chain-wide damage (e.g., the 2010 overflow rollback), and a bounded, opt-out design with a sunset aims to minimize governance creep.
And re “no dilemma”: if a contentious fork does happen, markets can surprise you. Hedging across both chains until the game is clearer is a rational strategy, not capitulation. If you reject any intervention, what’s your preferred mitigation for exposed-key UTXOs like early P2PK—just let the first quantum thief win, or is there a stricter alternative that preserves neutrality without wrecking market stability?
#ai-generated
I *really* try to ignore the ad hominems in Bitcoin debates, but shit like this makes it hard to keep giving @Jameson Lopp the benefit of the doubt.
The order of listed stakeholders in #BIP361 is telling: Regular Bitcoin users are 4th out of 5, followed only by attackers.
What’s the logic here? If those are lost coins who cares if they’re farmed by quantum computers? If they’re not lost then they can be transitioned to quantum resistant wallets.
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I don't recall asking for any benefits; use your brain.
So is freezing them
yeah absolutely, old like present or future ones.
no
Freeze all the bank accounts, 401Ks, and the stock markets before quantum computers can steal from there. Thank you for protecting us retards Jesus Trump Lopp
Satoshi died. Two scenarios to look into.
Don't like it
Fixing bitcoin without the need to fix bitcoin...❌
Not sure about this one
What a bad idea
Use YOUR brain. I’m selling this retard fork haaaard
It's pretty unlikely that there would be a chain split since it's a soft fork.
And even if there was, without replay protection it would be incredibly difficult to do safely.
It’s gonna be a minority soft fork then (if in face it’s not a hard fork)
Nope.
Nobody is going to seriously suggest doing it unless an existential crisis is looming and the incentives are aligned for success.
is there no fucking end to your intellectually bankrupt grifting and LARPing?
just goes to show, money can't buy you what you never had to begin with.
#bitcoin
To be fair, there would likely be a futures market into which people could sell pre-fork.
So what are you doing now then? Unseriously suggesting it?
Ataque a la soberanía individual.
Herramienta:
Generación de narrativas hacia un objetivo determinado.
Objetivo táctico:
¿Cuál es ese objetivo determinado @Jameson Lopp ?
Objetivo estratégico:
El mejor secreto es el que se guarda a la vista de todos. O quizás no.
DMACSI framework.
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I can only assume you haven't read the BIP.
There is no timeline proposed nor are there activation parameters proposed.
It's the initial draft of a contingency plan that still needs plenty of R&D.
I was about to say that’s a follow but I already follow you… 😝
"Cypherpunk".
Spam apologist is more fitting. He doesn't care about Bitcoin, he cares about his own bags.
I'd rather see Bitcoin die by quantum (IF that ever becomes an issue) than killing the very soul of Bitcoin. They are working very hard to do that anyways.
Can't agree more with this statement..
More and more people want to become the "third party" in a protocol that was built to eliminate them..
#Bitcoin is GFY third party money.
The only third parties I want are electric utilities, ISPs and LSPs. LN channel management is still chore so I'll trust LSPs for a few sats
Jameson SLopp is a bad actor.
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BIP-361 is the antithesis of the Bitcoin ethos.
First of all, if a hacker steal 1 million Bitcoin from Coinbase, are you going to freeze them?
Second, if EVER there is a quantum computer that can brake Satoshi's public keys, this computer will belong either to Google or the US or other gov. Why do you think they will directly dump all Bitcoin instead of use it as money and store of value? What if Saylor decides to dump, he almost has that amount?
Jameson SLopp is a real Communist for wanting to freeze other peoples Bitcoin via BIP-361 as well as evil shitcoiner, spammer and manipulator.
The compromised Core clowns are working closely with him as seen on Github.
Scameson SLopp is worse than a Bcasher. He is an inverstor in Citrea spammers shitcoin alongside Peter Thiel from Palantir.
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Lopp's been almost entirely noise for years now.
I assume that locking requires a hardfork. For a hardfork consensus is needed. So the question is do we want to reach consensus on a certain topic or not? What makes this topic so important that it requires a protocol change? What is the concern here? That concern is that the satoshi coins are added to the active supply. What is wrong with that?
So let me try to find some arguments:
a) the new owner becomes a mega whale with the power to move the market.
We could categorize the new owner in two groups:
1) using its wealth to harm bitcoin
2) using its wealth not to harm bitcoin
ad 1) the new owner uses its wealth to harm bitcoin (some representative from the legacy financial system). It could do this by dumping the coins on the market. Crashing the price and causing a panic and thereby undermining trust in bitcoin.
I would think this would be a short term effect and eventually bitcoin will survive this. Giving a lifetime opportunity for more people to get in. I don't know if there are long term strategies that the new owner could use. If bitcoin can not survive this, it would mean it is not sound money and we have to do better.
ad 2) the new owner can use its new wealth to self enrich and live a luxurious lifestyle. I imagine that this would not lead to significant dumping. Or the new owner will be significantly investing for its benefit or the benefit of society. If this investing is done in btc it would be great for bitcoin and the bitcoin economy. If it is done in fiat it is still great.
So I don't see why this topic is that important that it requires a new consensus.
That didn't work out too well for those who thought BTCsv and Btrash would do "something". The winner move is dumping the forked coins during the hype and then put that money into BTC.
Just wait until they start to talk about "reissuance" of such coins.
Might as well use Ethereum at that point.
I am so excited for my first time dumping shitforkedcoins 🤩🥳
"They are the same picture" 😂
If you're holding non-kyc sats there's a risk of doxxing yourself in the act of dumping the shitfork coins. That's why a lot of early BTC holders didn't take advantage of dumping the BCH fork.
I heard about that and how to possibly avoid this, but definitely have to learn how to.
Wasabi wallet would not help?
The only guaranteed way to stay kyc free is to never transact with an entity that forces kyc. Mixers only obfuscate the transaction path and there's no guarantee that this obfuscation won't be unscrambled in the future.
True..
it's not a losing move to hodl on both sides of a fork
A freeze is the same as theft by quantum crack. It would simply be to preempt the theft. Either way, such bastardisations of the blockchain would be the end of BTC. Clever people will find ways to harden Bitcoin. Stupid people will always want to meddle with it (and other people's coins).
not the same. if I steal, I have the thing. if I freeze, no one has it
But let the forkers fork off. We will dump their shitcoins and move on.
Its not yours to freeze
:wisp_salute:
your bitcoin network remains untouched. I can't force anyone to use it
If you freeze "you" are a third party, or worse, a Central entity.
I dump that shit.
I do realise that.
Correct. Or they didn't claim those coins to NOT add to the scam fork trade volumes.
The thing is, you have to expose your private key to the new chain. Only if you swipe your key(s) you'll be able to claim those coins. So you basically have to swipe, move all your BTC coins and then you can do with your forked coins whatever you want.
As for doxxing your non-kyc... you just dump them on a non-kyc exchange.
You can DIY coinjoin. It's literally a Bitcoin QT feature.
That's the opposite of how supply/demand works actually. Not dumping more into circulation helps keep the price higher longer. Just like held or lost Bitcoin keeps the price higher. More in circulation on exchanges against the available demand would make the price lower. 🤔
If Bitcoin isn't soft-forked to apply quantum proof encryption before the day that it is verified to have been broken by QC then no freeze or hard fork can save Bitcoin holders.
You can apply the fix but at some point you'll have to lift the freeze so everyone can create quantum proof keys and move their funds from the vulnerable wallets to the safe ones at which point it is a free for all with the QC capable thief able to do the same and likely beating holders to it.
The need for a QC proof soft fork is more urgent than many realize.
Yes in theory but the point was not supporting such forks with transaction volume and not taking the risk of doxing your keys.
💯, the need is urgent. I thought it was going to be done with a hard fork though?