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Quantum Computing Threat to Satoshi's Bitcoin Holdings Sparks Debate on Market Resilience and P2PK Vulnerability

Social media platforms were abuzz on Saturday, December 15th, with discussions surrounding the potential impact of quantum computers compromising Satoshi Nakamoto's estimated 1 million Bitcoin holdings. The debate, reported by BlockBeats, was sparked by YouTuber Josh Otten, who depicted a scenario where a quantum attack could lead to a significant BTC price drop. Veteran Bitcoin analyst Willy Woo countered this, stating that "many OGs (early Bitcoin holders) would buy into such a flash crash," ensuring the network's survival. Woo further elaborated that approximately 4 million BTC, including Satoshi's, are in P2PK addresses, which expose public keys on-chain, making them theoretically more susceptible to quantum attacks. In contrast, newer Bitcoin address types offer enhanced security by not exposing the full public key.
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