Post
Topic
Board Bitcoin Discussion
Re: El Salvador moved their bitcoins
by
davis196
on 31/08/2025, 06:34:29 UTC
El Salvador moved their 6.274 bitcoins into 14 different wallets in order to prepare for a possible quantum threat in the future.

They believe that through this, they are reducing the risks of losing all their bitcoin should quantum threats be real in the future and their holdings get attacked. That is the only reason why El Salvador is moving their bitcoins and I believe this should be something we can all learn from El Salvador. Distributing your bitcoins in more than one wallets will save you in the future and El Salvador knows this.

The government of El Salvador can do whatever they want with their BTC, but a few things come to my mind.
1.There's no "quantum threat" coming anytime soon. Why are they preparing for this so early? Maybe the "quantum threat" is just an excuse and there's another reason for the government to move the BTC to multiple wallets. What if the IMF wants to take control over El Salvador's Bitcoins?
2.Why 14 wallets? Why not 50 wallets or 100 wallets?  Grin
3. A quantum super computer could be theoretically capable of brute forcing all seed phrases. I don't believe that moving the BTC to multiple wallets could diversify the risk. Maybe they should add seed phrases with more than 12 words. I'm not an expert, so maybe we should ask some actual BTC developers about this.