Hoskinson warns proposed Bitcoin upgrade could freeze 1.7M BTC

Cardano founder Charles Hoskinson has argued that BIP-361, a proposal to defend Bitcoin against quantum computing, is being misclassified as a soft fork. He claimed that if implemented, the proposal would permanently freeze approximately 1.7 million BTC created before 2013, including the 1 million BTC held by founder Satoshi Nakamoto. According to CoinDesk, Hoskinson explained that these 1.7 million early-mined coins would be impossible to migrate because their owners lack the means of proof, as they were mined before the introduction of seed phrases. He accused Bitcoin developers of deceptively labeling BIP-361 as a soft fork to push through what he described as an unconscionable hard fork.