The Vulnerability of Bitcoin's Trust Model

Bitcoin operates on a system where anyone can enter with immense computational power, inviting the question of what incentives a bad actor might have to attack the system. The decentralized nature of Bitcoin's blockchain should promote trust, but it simultaneously exposes vulnerabilities that risk sabotaging its potential to replace traditional currencies. The model relies on proof of work as a security guard, yet if a malicious actor can amass more computational power, they could manipulate the data and commit fraud. This highlights a critical limitation: as Bitcoin's usage scales up, the resources required to secure the network grow linearly, making it economically unfeasible to maintain robust security.