rasta on Nostr: The bitcoin snowball: In software, many vulnerabilities stay unknown because there is ...
The bitcoin snowball: In software, many vulnerabilities stay unknown because there is no financial incentive to even exploit them, worse yet fix them. As bitcoin is money, it has value which attracts attackers, which failing to exploit it, makes it more valuable yet. Which them make it more valuable to buyers. Which makes attackers wanting to exploit it even harder. Which gives opportunity to make bitcoin even more difficult to exploit. Which make it even more valuable.
It feels like a perfect feedback loop when you need the money to be like that: secure, reliable and independent.
And what really blows my mind is that, Satoshi didn't moved his coins. So there are several blocks with full block reward unmoved, the oldest ones. Satoshi didn't moved it and no attacker were able to figure out the private keys.
I think many might have, at least, thought about moving Satoshi's coins. But no body is able to, if that was possible it would have happened already.
It feels like a perfect feedback loop when you need the money to be like that: secure, reliable and independent.
And what really blows my mind is that, Satoshi didn't moved his coins. So there are several blocks with full block reward unmoved, the oldest ones. Satoshi didn't moved it and no attacker were able to figure out the private keys.
I think many might have, at least, thought about moving Satoshi's coins. But no body is able to, if that was possible it would have happened already.