Nodes validate blocks. Nothing validates your decision to go all-in at the top.Satoshi Nakamoto (not really)
Distributed consensus can verify any transaction. It cannot, however, verify whether your FOMO purchase was wise.
The Byzantine Generals Problem is a classic computer science puzzle: how can distributed parties agree on a shared truth when some participants might be dishonest? Satoshi's breakthrough was solving this problem in a practical way using proof of work. Bitcoin nodes around the world independently verify every transaction and agree on the state of the ledger without trusting each other β a feat once thought impossible.
If you liked this quote, you'll love hearing Satoshi's voice. 21 comedy podcast episodes of fake intercepted transmissions from the creator of Bitcoin.
Listen Now β