David Hoffman
👤 SpeakerAppearances Over Time
Podcast Appearances
Number two, what do we do with the Satoshi coins?
Well, if they don't move in a certain period of time, it might be better to lock or effectively burn those addresses so they don't go to the hacker who cracks it.
That's it.
Just lock them or burn them.
And I was like shocked at how nonchalant this answer was from CZ.
That's a big deal, right?
That's property rights.
That is the reason that Bitcoin exists, I thought.
Yeah.
They also talk about Ethereum, of course.
So the TLDR for Ethereum is the attack surface is much larger than Bitcoin, right?
And so it's like a harder problem to solve because- It's a harder engineering problem to solve.
Yeah.
Yes.
You're not just dealing with execution, ECDSA, signatures.
You've got data availability, vulnerability.
So the KZG ceremony that they did, that's all toxic waste.
That's all a backdoor.
You've got admin.
accounts.