id Quotes from gmaxwell
#1 What is a deterministic wallet? It's a wallet which you can backup once and it stays backed up forever because all future addresses are determined in advance.
#2 Bitcoin is not a democracy. Bitcoin is a zero trust system. Each full node is autonomous, it validates the entirety of the rules on its own— trusting only its source code (which you or anyone else can audit). Only through autonomy can you have independence and the assurance that the majority of wolves won't vote to have you for supper.
Quotes from gmaxwell