In a bold move, Emin Gün Sirer, the distinguished CEO of Ava Labs, has proposed the freezing of approximately one million Bitcoins attributed to the mysterious Satoshi Nakamoto. This initiative highlights the security vulnerabilities of the antiquated Pay-to-PubKey (P2PK) address format, originally used by Satoshi. Unlike the more secure Pay-to-PubKey-Hash (P2PKH) format, P2PK exposes public keys, potentially increasing their risk of compromise. Sirer argues that freezing these funds would prevent their misuse if ever hacked.
However, this proposal has sparked intense debate within the cryptocurrency community. Critics argue that it challenges Bitcoin's core principles of decentralization and immutability, raising significant ethical and technical questions about altering the protocol for specific cases..
