Tether CEO suggests Bitcoiners fund Quantum Search for lost 3.7M BTC
Quantum recovery for Bitcoin
Tether CEO Paolo Ardoino acknowledged the potential of using quantum computing to recover lost Bitcoin and expressed interest in the idea.
The concept, originally proposed by Bitcoiner Brad Mills, suggests launching a "white hat" initiative to locate approximately 3.7 million BTC that have disappeared from circulation.
While Ardoino believes quantum computing is not yet advanced enough for such an operation, he emphasized the importance of ethical oversight. He also proposed a model where Bitcoiners could contribute satoshis today in exchange for a share of Bitcoin recovered through future quantum breakthroughs.
A digital treasure hunt
"Just a thought: Bitcoiners could participate by pledging a few satoshis today to receive a share of the profits from future quantum breakthroughs. The majority of funds would go toward funding open-source Bitcoin developers indefinitely," Ardoino suggested.
Currently, lost assets include those belonging to deceased users, individuals who have lost their private keys, and even Satoshi Nakamoto’s wallets, estimated to contain around 1.2 million BTC.
Over the weekend, Ardoino reassured users of Bitcoin’s cryptographic security but admitted that significant advances in quantum computing could enable the recovery of BTC locked in inactive wallets.
However, the Tether CEO expressed confidence that before such risks become serious, quantum-resistant solutions will be implemented, ensuring that "all living people (and those with wallet access) will migrate their Bitcoin to new quantum-resistant addresses."
As we wrote, Tether CEO Paolo Ardoino dismissed rumors that the stablecoin issuer is planning to launch its own blockchain, stating unequivocally that Tether is not developing a proprietary network.
