Re:Mark Cuban loses $870K in hot wallet hack
by lxgr on Saturday September 16, 2023 @04:13PM
(#37538268)
The value of your wallet lies not in what you believe in, but what everybody else believes in.
Re:Mark Cuban loses $870K in hot wallet hack
by everfree on Saturday September 16, 2023 @04:16PM
(#37538297)
The value of bitcoin lies in its immutability. That's the only thing it really has left going for it.
Re:Mark Cuban loses $870K in hot wallet hack
by lxgr on Saturday September 16, 2023 @04:50PM
(#37538550)
Bitcoin is not immutable. The current chain would make absolutely no sense to a (full-validating) client from 2011 due to various additions and protocol changes.
What it is, as a project, is being extremely conservative, but that's a human political value, not a property of a technical system.
If someone alters the amount of bitcoins out there, my wallet software won't recognize those bitcoins as legitimate.