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You're trusting the developers and the code that the developers write.

• garmaine 8y ago
  In principle, no. You're supposed to review the code you run. The open-source status of bitcoin is a vital part of its security model. This isn't a nitpicky point either. Bitcoin has specifically avoided any sort of automatic update mechanism, and not just because of the security risks involved. Additionally many companies and miners take their time evaluating new releases before upgrading.
  • bb88 8y ago
    > You're supposed to review the code you run. Really? After spending years watching the pro-bitcoin people shill their crap, this is the first argument I've seen espousing a requirement to understand the code before using your wallet.