Murray von Nakamoto on Nostr: Let's not fool ourselves as Bitcoiners. We came very close to borking the entire ...
Let's not fool ourselves as Bitcoiners. We came very close to borking the entire system in 2018.
https://cointelegraph.com/news/inflation-bug-still-a-danger-to-more-than-half-of-all-bitcoin-full-nodesIn the end, a transparent blockchain is no substitute for code audits, and there is no 100% guarantee that developers won't mess up again in the future.
(This is also what bothers me about the "Bitcoin is antifragile" mantra. The mantra is true only from a certain point of view (outside attacks). But from another point of view (developers messing up), it is very fragile indeed.)
Very few Bitcoiners are fully honest about this issue.
Published at
2023-08-29 09:30:03Event JSON
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"content": "Let's not fool ourselves as Bitcoiners. We came very close to borking the entire system in 2018. https://cointelegraph.com/news/inflation-bug-still-a-danger-to-more-than-half-of-all-bitcoin-full-nodes\n\nIn the end, a transparent blockchain is no substitute for code audits, and there is no 100% guarantee that developers won't mess up again in the future.\n\n(This is also what bothers me about the \"Bitcoin is antifragile\" mantra. The mantra is true only from a certain point of view (outside attacks). But from another point of view (developers messing up), it is very fragile indeed.)\n\nVery few Bitcoiners are fully honest about this issue.",
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