Oddbean new post about | logout
 If it suddenly became evident that #Bitcoin was developed by NSA, it wouldn’t change anything (except maybe for its price for some time).

1. Bitcoin’s code is open and had been thoroughly checked by hundreds of developers for over a decade.

2. All Bitcoin transactional records are transparent.

3. Thousands of individuals run Bitcoin software 24/7 validating each transaction that was ever made.

4. No single entity has the power to alter Bitcoin code or have reasonable effect on its development.

P.S. U.S. Department of Defence had a significant role in development of Internet, yet, thanks to its decentralized nature, it works (almost) as intended and benefits billions of people all over the world. 

With FOSS software creators play little to no role as years pass.

[1]: https://github.com/bitcoin/bitcoin 

[2]: https://mempool.space

[3]: https://bitnodes.io 

[4]: https://pierre-rochard.medium.com/bitcoin-governance-37e86299470f nostr:note1yqv2lnjszry87erps45pmmvgu84tszrqrld9ktze65esppge532slqhe8w