4 ms·

This won't happen. USD rotting away to inflation? Happening right now.

• thehappypm 5y ago
  How certain are you that there will never be an exploit in the protocol?
  • emteycz 5y ago
    Hundreds of billions of dollars are staked on the security of Bitcoin protocol. Bitcoin is not some hyper-complex enterprise software suite with thousands of hidden micro-bugs just waiting to be noticed and exploited. It is lightweight, straight-forward and provable by mathematics while being the single most financially exposed and the most audited piece of code ever. Don't you think somebody would notice something by now? Anyways. Do you really think the network wouldn't do anything about it? Even quantum-proofing Bitcoin is a possibility, so why not fixing a bug? I bet that the humans running the machines that run the Bitcoin network would simply update their Bitcoin-core and go on from the point just before the transaction that stole everyone's Bitcoin. A significant nuisance, but hardly a catastrophe.
  • joemazerino 5y ago
    I never said that. I said Bitcoin won't go down to $0. Bugs have and will be found and squashed.
    • shukantpal 5y ago
      Yeah the bugs will be squashed when all the valuable btc is no longer in your wallet
      • emteycz 5y ago
        Nah, people would simply reject these transactions and go on from right before it happened.