Wilhelm von Freiheitsberg on Nostr: 🎯 On point! ...

🎯 On point!

quoting
nevent1q…x4mc

One of the main drawbacks of building a trustless network is that people naively come to believe that trust is a bad thing.

Bitcoin is trustless in a very strict sense, of not requiring an authority to clear transactions.

Yet, you (probably) still trust:
1. ECC is not broken and will not break in the foreseeable future.
2. SHA256 and Ripemd160 will not break either.
3. The node software you run is not compromised.
4. The wallet you use is not compromised.
5. The OS you run is not compromised.
6. The many pieces of hardware you use are not compromised.
7. Your connection to other nodes is not compromised.

Most of all, you trust other people will want to use Bitcoin, otherwise it's worthless and a waste of time.

Even Satoshi trusted in the community to keep developing Bitcoin: "I’ve moved on to other things. It’s in good hands with Gavin and everyone."

You just can't verify everything yourself, you have to start from somewhere and built upon.

Don't be a trustless lunatic.