Glassnode data show that, as of November 14, the public keys for about 7.12 million $BTC have been publicly visible on-chain, representing 35.4% of the circulating supply—the highest level since the firm began tracking it. At the time of writing, with the price at $66,800, that amounts to about $476 billion.
Breaking it down makes it less alarming: 25.8% is due to address reuse, and 11.6% is in exchange addresses. These figures overlap and cannot be added together; the former exposure disappears once the coins are moved to a new address. The unresolved exposure comes from about 1.71 million coins in early P2PK outputs, around 1.1 million of which are held at addresses suspected to belong to Satoshi Nakamoto.
This looks more like a statistical milestone than a market-moving factor. CoinShares estimates that only about 10,200 coins are genuinely vulnerable in a way that could affect the market. Adam Back believes machines capable of deriving private keys are still 20 to 40 years away.
#比特币 #QuantumComputing
Breaking it down makes it less alarming: 25.8% is due to address reuse, and 11.6% is in exchange addresses. These figures overlap and cannot be added together; the former exposure disappears once the coins are moved to a new address. The unresolved exposure comes from about 1.71 million coins in early P2PK outputs, around 1.1 million of which are held at addresses suspected to belong to Satoshi Nakamoto.
This looks more like a statistical milestone than a market-moving factor. CoinShares estimates that only about 10,200 coins are genuinely vulnerable in a way that could affect the market. Adam Back believes machines capable of deriving private keys are still 20 to 40 years away.
#比特币 #QuantumComputing