Galaxy Research Director: Satoshi Nakamoto's 1.1 million BTC should not be used passively and a PQ plan needs to be prepared in advance

Alex Thorn, the research director at Galaxy, posted on the X platform that after in-depth discussions with several individuals in the Bitcoin industry regarding quantum computing and Bitcoin issues, he believes that the market is gradually reaching a consensus: First, the approximately 1.1 million BTC held by Satoshi Nakamoto (distributed across about 22,000 P2PK addresses) should not be casually used. If their property rights are infringed upon to address quantum risks, it could undermine the core value proposition of Bitcoin. Even in extreme cases where these BTC are transferred, the market has a strong absorption capacity and can further mitigate risks through solutions like "Hourglass."

Second, promoting research, testing, and signature compression of new cryptographic technologies such as quantum-resistant (PQ) cryptography for Bitcoin is a positive direction. It can prepare emergency plans in advance, but care should be taken to avoid causing a consensus deadlock or introducing inadequately verified new risks by prematurely pushing for protocol layer implementation. Even if the quantum threat has only a 1% chance of impacting Bitcoin, it is worth continuing to invest in research.