Bitcoiners Back Leaving Satoshi’s Coins Untouched Amid Quantum Risk

Bitcoiners are increasingly aligned that Satoshi Nakamoto’s original Bitcoin holdings should remain completely untouched. Galaxy Digital’s Alex Thorn said a community consensus is forming around “Satoshi’s coins (P2PK)” and that violating Satoshi’s property rights could harm Bitcoin’s core value proposition. The debate is framed by “honeypot” fears tied to quantum computing potentially breaking Bitcoin’s early Pay-to-Public-Key (P2PK) cryptography. Thorn argued the threat is likely overstated because the coins are distributed across ~22,000 addresses, each holding 50 BTC, meaning a successful long-range attack would need to crack them all. Thorn also noted that active entities and exchanges with larger consolidated wallets could proactively upgrade to post-quantum (PQ) addresses if needed. Even in an extreme scenario where Satoshi’s coins were compromised, the network is expected to absorb liquidity shocks, pointing to Bitcoin markets handling sell-offs exceeding 1 million BTC in the past. He suggested many Bitcoiners would accept even a 50% drawdown to preserve Satoshi’s property rights. While the community favors keeping Satoshi’s coins untouched, it is still supporting behind-the-scenes work for post-quantum or other new Bitcoin-related developments.