@achow101,
Above thread, I've suggested a strategy for different stages of the QC evolution it includes measures and actions to be taken:
1- Implement a new QC resistant signature and install/promote it in bitcoin.
2- starting from the p2pk group of the UTXOs, because they are the most vulnerable segment. It is mandatory for this group to migrate, If they wouldn't, their coins will be announced void after a deadline. More propaganda for convincing p2pkh owners to take actions, no obligations tho.
3- When we are closer to the doomsday, we give anybody with access to the public key behind a hashed address, a right to claim a very tiny and fixed portion of the UTXO just like a txn fee, destroying the remainder. Practically it may be just miners who take advantage of this feature, we don't care.
4- After the QC apocalyptus, we will have a percentage of untouched p2pkh addresses that their public keys are not exposed to the public. For the owners of such UTXOs, there will be still a chance to privately mine their transactions or buying such a service from a trusted pool or mining farm.
The only argument against this strategy, from your side, would be the
chaos thing:
It's not even just the high proportion, it's also the visibility of some of the coins. In particular, all coins suspected to be Satoshi's are in P2PK outputs. If those moved ever, even to a different sig algo, it would cause enormous chaos. If those are stolen, there would be even more chaos. And those coins are just ~4% of the final money supply. So even if everyone else moved to non-ECDLP keys, the fact that those high profile coins are still secured by ECDLP poses a huge problem.
While I agree there will be some turbulence but I think it is too much to consider it as chaos. Prices will fluctuate but game theory will work eventually and there will be no catastrophe.
Back to taproot proposal, how do you put it in the context of such a strategy? I'm assuring you right here, right now: this is a must-go strategy.