Hoskinson Rejects BIP-361 Recovery: Zero-Knowledge Can't Unlock 1.7M Pre-2013 BTC

Cardano's Charles Hoskinson has escalated criticism of Bitcoin's BIP-361 quantum-resistant proposal, stating its Phase C zero-knowledge proofs tied to BIP-39 seed phrases cannot recover ~1.7 million BTC in pre-2013 wallets, including ~1.1M attributed to Satoshi Nakamoto. This builds on his April 16 claim that the plan could freeze these coins despite being framed as a soft fork, potentially requiring a hard fork instead. The debate heightens technical, governance, and consensus risks for Bitcoin, injecting uncertainty into market sentiment even as quantum threats loom 10-15 years away.