Proposal for Quantum-Resistant Address Migration Protocol (QRAMP) BIP

In recent discussions within the Bitcoin development community, there has been a focus on the implications of quantum computing on the security and integrity of Bitcoin, particularly in relation to BIP-360 for Anduro. The conversation highlights a concern regarding the potential for quantum-capable entities to unlock and reintroduce dormant bitcoins into circulation, such as those belonging to Satoshi Nakamoto if the keys are indeed lost. This possibility raises significant concerns about the impact on Bitcoin's foundational principle of a fixed supply and the broader economic assumptions that underpin the cryptocurrency's value and distribution.

The debate underscores the delicate balance between preemptively addressing the threats posed by quantum computing and maintaining trust in Bitcoin's economic model. While some argue that reactivating dormant coins could be seen as an equitable opportunity, others caution that it might lead to market instability and a loss of confidence in Bitcoin's scarcity, which is a central pillar to its value proposition. The notion of a proactive migration strategy is discussed as a means to mitigate these risks before they materialize into more immediate threats.

Moreover, the discourse recognizes the gradual nature of quantum computing's advancement rather than envisioning it as an abrupt event that would catastrophically undermine Bitcoin's security overnight. This perspective suggests that while there is time to adapt, the community must avoid complacency. The challenge lies in acting decisively enough to prevent a quantum computing breakthrough from becoming an exploitable weakness, without precipitating unnecessary alarm or disruption to Bitcoin's operational framework. The goal is to ensure that any transition prompted by the emergence of quantum threats is managed in a manner that secures continued confidence in Bitcoin's system and its economic principles.