Earlier quoted context omitted.
> seize millions of USD worth of assets you don't own, but that's the gist of it yes Technically true, but he's looking for $4 b-b-billion. Some thoughts about this that interest me: - Things like the Bitcoin Cash fork & DAO fork arguably set the precedent that the developers control the funds. They never should have done that because now anybody can argue "you did it for them, why not me?" And this time it's being a…
> Things like the Bitcoin Cash fork & DAO fork arguably set the precedent that the developers control the funds. Perhaps it made people more aware of that fact, but this was always true. Bitcoin has never been "trustless"; that's always been a mirage. (Not even the original Bitcoin whitepaper makes that claim, and it claims some pretty dubious things!)
You have absolutely no idea what you're talking about.
(edit) And you clearly never read the whitepaper: "What is needed is an electronic payment system based on cryptographic proof instead of trust, allowing any two willing parties to transact directly with each other without the need for a trusted third party."
^^ Literally trustless right there.