Bitcoin Sentiment Turns Negative Again; Price History Shows What Happened Last Time
Bitcoin, Ethereum and XRP now draw more bearish than bullish comments, Santiment says. Earlier fear preceded a brief bitcoin bounce that soon faded.
Bitcoin Core developer Cory Fields proposes 'quantum landmines' that would force hackers to put up collateral, allowing victims to reclaim stolen coins and…
A Bitcoin Core developer has put forward a concept in which a thief who steals your coins might ultimately have to pay you. That is the idea behind a proposal from Cory Fields.
With Q-Day approaching — the moment when quantum computers become powerful enough to crack Bitcoin's existing encryption — Fields aims to make the theft of at-risk coins a risky proposition for attackers.
On November 4, Fields shared his "quantum landmines" concept on the Bitcoin Development Mailing List. The mechanism is straightforward: Bitcoin holders could covertly set traps that would penalize hackers in the future.
Suppose you hold 1 BTC in a legacy wallet that is susceptible to quantum attacks.
Prior to Q-Day, you could embed a concealed ownership proof within a small quantum-resistant Bitcoin output. That proof remains invisible to everyone else.
The attacker would suffer a financial loss. You could end up with double the amount you originally had.
Fields argues that attackers would become “wary of stealing coins as they may be secretly guarded by mines.”
Since the blockchain has no way to tell a hacker apart from a genuine owner, anyone transferring at-risk Bitcoin would be subject to the same collateral condition.
A person with 10 BTC in an outdated wallet could require an extra 10 BTC in quantum-proof coins just to shift their funds.
An additional issue arises with dormant Bitcoin, such as coins from the Satoshi era.
When private keys are missing, no one can set a landmine. Fields suggests other auction-based systems where participants could contest hackers and take their collateral. One variant involves permanently eliminating the at-risk coins.
This situation raises tough issues regarding ownership and Bitcoin's total supply.
At present, the discussion highlights a challenging compromise: safeguarding Bitcoin against future attackers might make transferring older coins significantly costlier for rightful owners.
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Disclaimer: this article comes from third-party media and is provided for reference only. It does not constitute investment advice. Crypto and other financial products carry significant price volatility risk, so please make your own decisions carefully.
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