Ep 492. The History of THORChain; & A Bullish Case for Regulation
CRYPTO 101
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Bitcoin and Satoshi's Backdoor
For example, you and I probably both believe that the Earth is round. How do you and I know that it's round? Have we actually gone for it? Make a lot of people's word for it. The same thing happens with Bitcoin as an example. You don't have to be a dev to trust it in some sense because the community is a whole world validate that it's real. Yeah. If there was some massive backdoor that Satoshi could just mint himself like 10 million Bitcoin in a given moment,. Somebody would have caught on that and that would have been proven to the world... But obviously, Satoshi doesn't have that ability to do so.
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