theonevortex on Nostr: Bitcoin is software, if software is not updated it becomes less secure over time ...
Bitcoin is software, if software is not updated it becomes less secure over time because there's always people trying to find vulnerabilities. Bitcoin has had several major network halting bugs fixed in its time that if left unchecked would have made bitcoin die many years ago.
As far as upgrades go if bitcoin is not upgraded then over time it will be replaced by something the market finds more valuable. This can take decades but the possibility is left wide open if it is not continuously upgraded.
This is basic software development 101.
Published at
2024-05-26 14:50:32Event JSON
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"content": "Bitcoin is software, if software is not updated it becomes less secure over time because there's always people trying to find vulnerabilities. Bitcoin has had several major network halting bugs fixed in its time that if left unchecked would have made bitcoin die many years ago.\n\nAs far as upgrades go if bitcoin is not upgraded then over time it will be replaced by something the market finds more valuable. This can take decades but the possibility is left wide open if it is not continuously upgraded.\n\nThis is basic software development 101.",
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