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Having a huge mining pool is super lucrative. Why would you want to mess with your underlying cryptocurrency and threaten your income if you're a mining pool?
by jjallen 9y ago
Having a huge mining pool is super lucrative.
Why would you want to mess with your underlying cryptocurrency and threaten your income if you're a mining pool?
- homakov 9y agoIncentives dont matter, any centralized entity has no incentive to do bad things about their system yet here we are.
- jjallen 9y agoIn most centralized entities, interests are conflicted. With mining, the value of the income is directly determined by the price of the cryptocurrency.
- homakov 9y agoThere are other incentives beyond most obvious ones. E.g. hijacked miner could attack to pump another currency (crypto/fiat) the miner holds. Incentives are out of equation when you speak of fault tolerance. Incentives are not calculatable. Only "tolerance" (# of tolerable byzantine nodes) matters. And that's 2 for eth and btc. TWO.