Is there a simple way to explain why trusting the developers of the software to manage the network is meaningfully different than trusting the Fed to manage the dollar?
I mean, I understand (I think) that Bitcoin doesn't require a given node to trust another node. But what if there is a change to the software that trickles down to all the nodes without them realizing the consequences until it is too late? Either a bug or intentional subversion.
I mean, I understand (I think) that Bitcoin doesn't require a given node to trust another node. But what if there is a change to the software that trickles down to all the nodes without them realizing the consequences until it is too late? Either a bug or intentional subversion.