Carter stated that a cryptographic failure in Bitcoin could erode confidence across internet-native assets. He noted that many investors wrongly expect their coins to gain if Bitcoin collapses. His post triggered a wide debate about potential consequences if quantum computers break older wallet structures.
Soon after, analyst James Check expanded the discussion. He stated that the critical challenge involves community decisions on handling older addresses. He noted that the Bitcoin community may not reach an agreement on freezing older funds.
Check wrote that there is no chance of consensus on moving coins into quantum-secure formats. He explained that development politics reduce the network’s ability to respond quickly. This could allow older addresses to be drained once quantum attacks become possible.
BitBo data shows that 32.4% of Bitcoin has not moved in five years. Another 16.8% has remained untouched for more than a decade. Additionally, 8.2% was last moved between seven and ten years ago. A further 5.4% have remained inactive between five and seven years. Analysts debate how much of this supply is lost or stored long-term.
Check noted that Bitcoin’s collapse could cause short-term doubts across the industry. Yet he added that Ethereum’s functions would remain unchanged during such an event.