Key Takeaways:
Cardano founder Charles Hoskinson says BIP 361 misclassifies its own fix, requiring a hard fork Bitcoin has never executed. As of March 1, 2026, over 34% of all Bitcoin supply holds exposed public keys vulnerable to quantum computing attacks. Hoskinson warns that 1.7 million BTC, including Satoshi’s coins, cannot be recovered even under BIP 361’s proposed ZK proof system. ADA Founder Charles Hoskinson Says Bitcoin Lacks the Governance to Solve Its Quantum Problem“34% of your supply is vulnerable,” Hoskinson remarked. “And sadly to say, you guys are just going to have to deal with it. And I think Satoshi’s going to be the loser. So, Bitcoiners, don’t worry. Your masters, Blackrock, and masters, all the mining cabals and the others, they’ll make this decision for you.”
“To actually do this, you need a hard fork,” he said. “But don’t trust me. I’m just a sh**coiner. You’ll discover it later on,” Hoskinson stated.
He added:
That’s 1.7 million coins. Oof. They’re just all going to be stolen and dumped. If you had onchain governance, you could solve it. We have it at Cardano.
“They own you now,” he said. “They’re going to force you to do that, and they’re going to steal all of Satoshi’s coins.”
He continued:
“If you’re going to do a hard fork, do it right,” he said.
