A note from Daniel

There have been many attempts to attack popular blockchains like Bitcoin and Ethereum, but none have come close to succeeding. The tech is battle tested. These blockchains are, in effect, the world's biggest bug bounty programs. Hacking them could yield a massive financial prize, enabling attackers to transfer large sums of money, worth hundreds of billions of dollars, to themselves. But this has never happened. The security assurances of well-designed blockchains work not only in theory but also, so far, in practice.

Daniel Read Write Own, page 65 · March 1, 2024 Save to shelf
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