Gustave Courbet Sunset on Lake Geneva 1876
Chapter 2 is here: Bitcoin Doesn’t Exist – 2
Chapter 3 is here: Bitcoin Doesn’t Exist – 3
Chapter 4 is here: Bitcoin Doesn’t Exist – 4
Next up: all 5 chapters combined in one big essay.
Hackers could find a vulnerability not in Bitcoin, but in Android or AppleOS, slowly load the virus on 10,000 devices, then steal 10,000 passwords and clear 10,000 accounts in an hour. There are so many things that can go wrong, not because of the software, but at the point where you interface with the software. Every vault has a door. The door is what makes a vault useful, but is also the vault’s weakness. This is no different than leaving blank checks around, losing your debit card, or leaving cash on your dashboard, but it’s not true that there are no drawbacks. However the risks are less obvious and more unfamiliar.
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