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by SlowRobotAhead 2916 days ago
Good overview, a lot of stuff I didn’t know.

What I do know and have known is that anyone that believes the “it’s decentralized” part about any cryptocommodity is a damn fool. The database might be but nothing else. There are at any time a dozen people that could utterly destroy bitcoin with some well placed shenanigans.

1 comments

The shit you read on reddit is full of conspiracy theorist nonsense, and completely detached from Bitcoin development. Development is done and discussed in the open on mailing lists, github etc, and is subject to community review. There's a process outlined in BIP2 for any (non-trivial code) changes to the Bitcoin Core software. Of course, anyone can fork the software and make complaints publicly if there was malicious intent from the Core developers. There are a lot of people who have money invested in Bitcoin, and keep a close eye on the developments occurring.
I didn’t read anything on reddit.

If you believe bitcoin can’t be crashed by a handful bad actors I fully encourage you to put your 401K in.