Uneasy Money: BIP-361 Wants to Freeze Satoshi's Coins. What Happens If It Passes?

Unchained

Laura Shin

News, Tech News, Business News

4.6 • 1.3K Ratings

🗓️ 18 April 2026

⏱️ 77 minutes

🔗️ Recording | iTunes | RSS

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Summary

A Bitcoin developer just proposed freezing wallets that don't upgrade for quantum resistance. Including Satoshi's. Thank you to our sponsors!⁠⁠⁠⁠⁠⁠⁠⁠⁠ Nexo Nexo is the premier digital wealth platform. Receive interest on your crypto, borrow against it without selling, and trade a range of assets. Now available in the U.S with 30 days of exclusive privileges. Get started at http://nexo.com/unchained Multichain Advisors MultiChain Advisors is an emerging technology growth firm that has helped create $50B+ in enterprise value for 80+ clients over the past 4 years. They're the partner to help navigate markets. Build real traction today at multichainadv.com Citrea Bitcoin’s application layer, Citrea, launched its mainnet, expanding Bitcoin’s utility to privacy, lending, BTC yields, and more. Citrea enables: cBTC: The first trust-minimized Bitcoin on a fully programmable platform. ctUSD: A native stablecoin for Bitcoin, allowing for unified liquidity. Bitcoin Capital Markets bringing demand, and utility to the Bitcoin Network. Explore the Citrea Ecosystem. A Bitcoin developer just proposed the unthinkable: freeze every wallet that does not upgrade for quantum resistance, including Satoshi's. Kain Warwick and Taylor Monahan are here to reckon with BIP-361, the quantum threat to early Bitcoin addresses, and what it means that this proposal exists at all. They also work through who actually wrote Bitcoin — Hal Finney, Adam Back, and Dave Kleiman — and a trail that runs through the Epstein files. Plus: Justin Sun's frozen World Liberty Financial tokens expose why token holders have no legal rights, EtherFi's exit from Scroll turns into a live platform risk case study, and Circle's decision not to freeze known stolen USDC raises the question of what stablecoin issuers owe to the ecosystem. Hosts: ⁠⁠⁠⁠⁠⁠⁠⁠⁠Kain Warwick⁠⁠⁠⁠⁠⁠⁠⁠⁠, Founder of Infinex and Synthetix ⁠⁠⁠⁠⁠⁠⁠⁠⁠Taylor Monahan⁠⁠⁠⁠⁠⁠⁠⁠⁠, Security Expert Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hey everyone, I'm here with my co-host Taylor Monaghan, security expert.
0:03.8	Luca is out today. I believe he's visiting Antarctica, that's what I heard.
0:10.4	What?
0:10.7	So, no, I'm joking. I'm joking. Obviously, he's not visiting penguins in an arc.
0:15.3	I'm like, how he's so jealous?
0:19.8	You're like he's allowed to visit the penguins in Antarctica?
0:22.6	Yeah.
0:23.6	I was legitimately just got so jealous.
0:25.6	He could be.
0:27.6	I never realized that you wanted to go to Antarctica so badly.
0:31.6	So yeah, it's just the two of us today.
0:34.6	So let's kick it off.
0:39.7	This first story is
0:41.7	this first story is BIP 361.
0:49.2	So
0:49.9	this is pretty crazy.
1:00.5	I feel like the Bitcoin quantum stuff has been floating around for a while,
1:07.3	people are getting freaked out. Nick Carter's losing his mind over it. This is the first thing that we've seen that hasn't been like oh we should think about it but like we should
1:12.5	start doing things and bitcoin doesn't usually do things so like i don't know what's your what's
1:18.2	your take on this because uh this builds like a new front in the quantum bitcoin war right now
1:25.4	i mean it's wild because it's like the hardline Bitcoiners.
1:30.3	And I think we talked about this on our previous show, but I said the thing that scares me about Bitcoin and quantum is their ecosystem and their developers, their engineers, their coordination mechanisms are not at all prepared.
	...

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