Against Allowing Quantum Recovery of Bitcoin

The recent proposal regarding Bitcoin and quantum technology introduces an innovative approach to the potential threat of quantum computing on cryptocurrency security. The idea centers on transforming the risk of quantum attacks into a self-sustaining reward system that incentivizes the development and demonstration of quantum capabilities rather than merely defending against them.

The proposal outlines three main components that form the backbone of this strategy. The first is the Genesis Quantum Transaction (GQT), which acknowledges any successful transaction from a quantum-vulnerable address. This acts not only as recognition but also as a formal record of quantum intervention in blockchain technology. The second component, the Quantum Vault (QV), is designed to secure 90% of the funds retrieved from these transactions. These funds are then distributed periodically to proven quantum actors in alignment with Bitcoin's halving cycle. This mechanism ensures that resources are continually available to support ongoing quantum advancements within the community.

Furthermore, the introduction of Quantum Proof Addresses (QPAs) establishes a verifiable on-chain identity for entities capable of quantum captures. This public register would serve as an unfalsifiable log of global quantum capabilities, enhancing transparency and trust in the quantum-proofing process of the blockchain. Additionally, the capturing entity is rewarded immediately with 10% of the funds as a First Reward, promoting immediate as well as long-term participation and alignment with the ecosystem’s stability.

For those interested in more detailed information or wishing to contribute feedback, the full draft of the proposal can be accessed and reviewed at GitHub. This proposal represents a significant shift towards using quantum technology proactively within the cryptocurrency sector, potentially setting the stage for the largest open technological prize in history while fostering a secure, quantum-resilient blockchain environment.