What is BIP-361 and why does it matter?

[madmax]

BIP-361 is a proposal aimed at protecting Bitcoin from future quantum computing threats. It suggests a plan to phase out older, vulnerable wallet types and move users toward quantum-resistant addresses.

The concern is that powerful quantum computers could eventually break older cryptographic signatures and access coins stored in early Bitcoin addresses — including potentially large dormant holdings like Satoshi’s. BIP-361 is designed as a defensive measure to prevent that scenario before it becomes a real risk.

[cryptobro]

decentralization until we decide you’re using the wrong address format

[bred]

Quantum fears finally entering chat.

[Patapim]

This is early but makes sense long term.

[BrutalAge*gofast]

Better to prepare now than panic later.

[The_Walking_Dead]

Old wallets might become a problem .

[Capybara_Capybara]

Satoshi coins always part of the story.

[UndeadBeastMonkeykiller]

Crypto evolving again as always.

[febe3f2e35]

Security upgrades never stop.

[0c4535c1a0]

Feels like a necessary step tbh.

[9777089235]

Not everyone will like forced changes.

[ChewBeast]

Future proofing isn’t optional anymore.

[GummyBear]

Tech moves fast, crypto moves faster.

[d82ae58262]

Curious how adoption will play out.

[Suzukispeedtest]

Quiet upgrade but big implications.

[059d96d16a]

This is how Bitcoin survives long term