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HomeCrypto NewsTether CEO: Lost Bitcoin Will Be Hacked and Reintroduced
Crypto News

Tether CEO: Lost Bitcoin Will Be Hacked and Reintroduced

Some in the community believe the topic deserves more serious discussion.

LLawrence Mike Woriji•Feb 12, 2025
Tether CEO: Lost Bitcoin Will Be Hacked and Reintroduced

Paolo Ardoino, the Chief Technology Officer of Tether, recently shared his views on the growing conversation around quantum computing and its potential impact on Bitcoin.

The Tether executive took to X to assure the crypto community that Bitcoinn’s cryptography remains secure and that major developments in quantum computing won’t affect Bitcoin’s core values. 

Bitcoin’s Security and the Future of Lost Coins

The Tether CTO stated that quantum computing is still far from being a real threat to Bitcoin. He emphasized that the network will introduce quantum-resistant addresses before quantum computers become powerful enough to crack Bitcoin’s encryption. This would allow users to move their holdings to safer addresses, ensuring continued protection.

However, Ardoino also raised an interesting scenario where Bitcoin stuck in lost wallets could eventually be recovered. If quantum computers become strong enough, funds that were once considered gone forever, including the holdings of Bitcoin’s pseudonymous creator Satoshi Nakamoto (if deceased), could be hacked and reintroduced into circulation.

Ardoino’s tweets sparked discussions among crypto enthusiasts. One user, Chase Watts, suggested an alternative approach: “It would be worth looking into if the lost coins could be reallocated and used as mining rewards. That way, attackers don’t benefit by getting them, and it keeps rewards going longer.”

Another user shifted the focus beyond crypto, commenting, “I don’t think crypto is the main concern with quantum computers—nuclear systems, banking, and military security could be at risk if encryption fails.”

Bitcoin’s Fixed Supply and the Need for Preparation

Despite the concerns, Ardoino reaffirmed Bitcoin’s core principle, stating, “Only 21 million Bitcoin anyway. Nothing can change that. Not even quantum computing. That’s the real key important message. Bitcoin is the best asset in the world.”

However, some in the community believe the topic deserves more serious discussion. A Bitcoin enthusiast, Dapangun, warned against ignoring the issue, saying, “Although it seems far away, because any progress on BTC is extremely slow, time is not as plentiful as we might think… We don’t need to accomplish these things immediately, but we cannot ignore them either. If we are going to do it, we should start now rather than leaving it for the future or for future generations.”

Ardoino’s comments highlight that while Bitcoin remains secure, the conversation around quantum computing is far from over. The crypto community is divided—some see it as a distant problem, while others believe action should start now. All of these come amid a continued push for a Bitcoin reserve.

Disclaimer

The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.

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Paolo Ardoino 🤖
Paolo Ardoino 🤖
@paoloardoino
·Follow

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 alive (and that have access to their wallets) will move Show more

4:11 PM · Feb 8, 2025
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Read 227 replies
Paolo Ardoino 🤖
Paolo Ardoino 🤖
@paoloardoino
·Follow

Only 21 million Bitcoin anyway. Nothing can change that. Not even quantum computing. That's the real key important message. Bitcoin is the best asset in the world.

Paolo Ardoino 🤖
Paolo Ardoino 🤖
@paoloardoino

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 alive (and that have access to their wallets) will move

4:19 PM · Feb 8, 2025
949
Reply
Read 61 replies