{"id":21035,"date":"2025-02-10T17:23:12","date_gmt":"2025-02-10T15:23:12","guid":{"rendered":"https:\/\/forklog.com\/en\/tether-ceo-predicts-hacking-and-return-of-satoshi-linked-bitcoins\/"},"modified":"2025-02-10T17:23:12","modified_gmt":"2025-02-10T15:23:12","slug":"tether-ceo-predicts-hacking-and-return-of-satoshi-linked-bitcoins","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/tether-ceo-predicts-hacking-and-return-of-satoshi-linked-bitcoins\/","title":{"rendered":"Tether CEO Predicts Hacking and Return of Satoshi-Linked Bitcoins"},"content":{"rendered":"<p>Lost bitcoins, including approximately 1 million BTC belonging to Satoshi Nakamoto, will be hacked and returned to circulation, according to Tether CEO Paolo Ardoino.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Prediction.<\/p>\n<p>Quantum computing is still very far from any meaningful risk of breaking Bitcoin cryptography.<br \/>Quantum resistant addresses will eventually be added to Bitcoin before there is any serious threat.<\/p>\n<p>All people alive (and that have access to their wallets) will move\u2026<\/p>\n<p>\u2014 Paolo Ardoino ?? (@paoloardoino) <a href=\"https:\/\/twitter.com\/paoloardoino\/status\/1888259298641191049?ref_src=twsrc%5Etfw\">February 8, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The executive believes that quantum computing is a distant prospect. By that time, all users with access to their wallets will have moved their coins to new &#8220;quantum-resistant addresses.&#8221;<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;In any case \u2014 there are only 21 million BTC. Nothing can change that. Not even quantum computing. That is the truly key and important message. Bitcoin is the best asset in the world,&#8221;<\/em> Ardoino emphasized.<\/p>\n<\/blockquote>\n<p>A trader known as Crypto Skull supported the Tether CEO&#8217;s reasoning.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Prediction.<\/p>\n<p>Quantum computing is still very far from any meaningful risk of breaking Bitcoin cryptography.<br \/>Quantum resistant addresses will eventually be added to Bitcoin before there is any serious threat.<\/p>\n<p>All people alive (and that have access to their wallets) will move\u2026<\/p>\n<p>\u2014 Paolo Ardoino ?? (@paoloardoino) <a href=\"https:\/\/twitter.com\/paoloardoino\/status\/1888259298641191049?ref_src=twsrc%5Etfw\">February 8, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;Quantum computing does not yet pose a real threat. And when it does, you&#8217;ll probably be sipping a mojito. [\u2026] Cryptocurrencies are made for evolution. The real question is not whether quantum computing will catch up, but whether you will be around to witness it,&#8221;<\/em> he commented.<\/p>\n<\/blockquote>\n<p>The expert would welcome the hypothetical possibility of &#8220;processing and freezing&#8221; Satoshi&#8217;s coins.<\/p>\n<p>Billionaire and Social Capital venture firm founder Chamath Palihapitiya expressed a view similar to Ardoino&#8217;s regarding the timeline for the implementation of quantum computing.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">I\u2019m being misquoted in some places. And in others, folks are just being intellectually lazy or technically dumb. <\/p>\n<p>So to be clear:<\/p>\n<p>Quantum Computing will be a risk to v1 cryptographic approaches. The time frame is very much not clear and it\u2019s not in the immediate time horizon.\u2026 <a href=\"https:\/\/t.co\/aMirUb8xTD\">pic.twitter.com\/aMirUb8xTD<\/a><\/p>\n<p>\u2014 Chamath Palihapitiya (@chamath) <a href=\"https:\/\/twitter.com\/chamath\/status\/1868036523301724624?ref_src=twsrc%5Etfw\">December 14, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;It\u2019s not in the immediate time horizon. But if I had a lot of coins, [\u2026] I would prepare accordingly,&#8221;<\/em> he explained.<\/p>\n<\/blockquote>\n<p>Earlier, University of Calgary scientist Pierre-Luc Dallaire-Demers stated that quantum computing does not pose a threat to bitcoin wallets <a href=\"https:\/\/forklog.com\/en\/news\/quantum-computers-could-crack-bitcoin-in-five-years-scientist-warns\">in the next five years<\/a>.<\/p>\n<p>In October 2024, Chinese scientists <a href=\"https:\/\/forklog.com\/en\/news\/chinese-scientists-use-quantum-computer-to-breach-cryptographic-algorithms\">conducted<\/a> the &#8220;world&#8217;s first effective attack&#8221; on a widely used encryption algorithm using a quantum computer.<\/p>\n<p>Later, experts <a href=\"https:\/\/forklog.com\/en\/news\/experts-downplay-quantum-threat-to-cryptocurrencies\">claimed<\/a> that the mentioned threat to cryptocurrencies is exaggerated.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lost bitcoins, including approximately 1 million BTC belonging to Satoshi Nakamoto, will be hacked and returned to circulation, according to Tether CEO Paolo Ardoino. Prediction. Quantum computing is still very far from any meaningful risk of breaking Bitcoin cryptography.Quantum resistant addresses will eventually be added to Bitcoin before there is any serious threat. All people [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":21034,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,575,1360,111,57],"class_list":["post-21035","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-quantum-computers","tag-quantum-computing","tag-satoshi-nakamoto","tag-wallets"],"aioseo_notices":[],"amp_enabled":true,"views":"64","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/21035","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=21035"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/21035\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/21034"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=21035"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=21035"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=21035"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}