Bitcoin has a flaw. It's always been there.
Satochi Nakamoto (the nom de guerre of the mind behind Bitcoin) designed this flaw into the software because of one false assumption. What was that assumption? He believed that it was possible to build an open and free economic system built purely on simple self-interest (selfishness).
Lots of people make this mistake (famously, Greenspan believed that selfish decision making would prevent the banking crisis of 2008).
It's not, obviously. Eventually, selfishness will lead one group to rig, cheat, control, etc. the system so they can get better returns. That's exactly what happened. Here's the flaw they exploited.
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