Jameson Lopp, the chief security officer at Bitcoin (BTC) custody company Casa, recently argued against allowing quantum recovery of lost BTC and said that burning these coins to protect the integrity of the protocol was the preferable option.
According to Lopp, allowing individuals or institutions with quantum computers to recover lost coins violates the Bitcoin network’s properties of censorship resistance, transaction immutability, and conservatism.
In a March 16 article, the crypto executive wrote that allowing quantum recovery is not good for anyone. Lopp added:
“Allowing quantum recovery of bitcoin is tantamount to wealth redistribution. What we would be allowing is for bitcoin to be redistributed from those who are ignorant of quantum computers to those who have won the technological race to acquire quantum computers.”
“It is hard to see a bright side to that scenario,” the executive continued