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I wouldn't call that a tragedy of the commons. I would call that "capitalism" because it is exactly the relationship between the owners of the means of producti

I wouldn't call that a tragedy of the commons. I would call that "capitalism" because it is exactly the relationship between the owners of the means of production and everyone else. "But anyone can become a miner" so it's free as in market and fair as in game. /s

bduerst 11y ago
It's tragedy of the commons because the miners are trying to reap from a shared resource, with no alignment to the changes that are beneficial for Bitcoin.
deleted 11y ago
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