"Yesterday, we talked about the issue of $BTC facing quantum attacks within the next few years. 2.7 million lost $BTC (with exposed public keys) that haven’t been migrated to quantum-resistant addresses will eventually be stolen by hackers (or some country/organization) and dumped on the market. Check out this post for details: https://(x.com)/Jiangzhuoer2/status/2111455866264150404. Currently, the community has two proposed solutions. Let’s skip the technical details and wordplay in the proposals: **BIP-360 (Let it be stolen):** Ultimately, the lost coins that haven’t been migrated will be left to hackers to steal. **BIP-361 (Invalidate):** After the migration period ends, the lost coins that haven’t been migrated will be invalidated. Of course, if the BIP-361 invalidation proposal is actually implemented, it comes with significant procedural contradictions: **a.** The motivation behind the invalidation camp is the fear of hackers stealing coins and dumping them, causing the price to crash. But before quantum attacks actually happen, the community won’t have enough support to actively invalidate lost coins. The invalidation camp is already afraid of a price crash, so they’re even less likely to initiate a hard fork, which would actively trigger a price drop. Most people will likely adopt a "let’s wait and see" attitude and delay as much as possible. **b.** After quantum attacks actually occur, the invalidation camp will face a dilemma regarding the migration timeline. If the migration period is short (1–3 months), many people won’t receive the notice in time to migrate, leading to accidental invalidation, which would hurt the legitimacy of the invalidation camp. If the migration period is long (6–12 months), hackers will have plenty of time to steal coins, resulting in a lose-lose situation. This would violate Bitcoin’s foundational principle of "private property is sacred and inviolable," while failing to prevent hackers from stealing and dumping coins. **c.** If we consider the hackers’ strategies, things get even messier. If I were a hacker, I’d slowly crack and accumulate coins without transferring them right away. I’d wait until other hackers lose patience and start transferring coins, or until the invalidation camp announces the migration deadline. Then, I’d transfer all the cracked coins in one go, and ramp up resources to crack more coins before the deadline. This would further undermine the legitimacy of the invalidation camp. **d.** So, while the invalidation camp seems to have the upper hand now, the chaotic implementation process could make the outcome between the two camps even more unpredictable. This means both camps will face an epic market dump of millions of coins. So, here’s the question: Which camp do you support? Are you with the "let it be stolen" camp or the "invalidation" camp? :)