"Frederic Fosco warns that freezing 35% of the supply would kill bitcoin's monetary premium and gold status, arguing that the mechanism matters more than the math behind scarcity."
"Critics argue that the proposed mandatory freeze of non-migrated coins is far more dangerous than the threat posed by quantum computing, questioning the fundamental nature of bitcoin's property rights."
"Proponents of BIP-361 point to a potential supply shock, claiming that locking away dormant coins could create a scarcity pump, but skeptics see this as a psychological sleight of hand."
BIP-361 proposes to protect bitcoin from quantum computing threats by migrating to quantum-resistant cryptography. Critics argue that the mandatory freeze of non-migrated coins could harm bitcoin's monetary premium and status. The debate centers on whether bitcoin represents absolute property rights or developer consensus. Proponents suggest a supply shock from locking dormant coins could increase scarcity, but skeptics view this as a dangerous shift in bitcoin's social contract, emphasizing that the mechanism of change is more important than the mathematical outcomes.
Read at news.bitcoin.com
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