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Or a state actor that is rational given certain externalities. Just because Bitcoin is expensive to attack does not mean it's irrational under all possible cir
by SkyMarshal 10y ago
Or a state actor that is rational given certain externalities. Just because Bitcoin is expensive to attack does not mean it's irrational under all possible circumstances to attack it. War is expensive too, but it happens. This is the fundamental problem when ledger security depends in part on economic incentives.
- kordless 10y agoI think you might be missing the issue around rationality, as it causes actors to do things that are predictable within a certain probability...and cost. An irrational actor does things for irrational reasons and as such does not consider cost or results an intent.