This is one of the best explanations of the root design problem in cryptocurrency engineering. Almost every engineering design decision and tradeoff can be tra

This is one of the best explanations of the root design problem in cryptocurrency engineering. Almost every engineering design decision and tradeoff can be traced back to this problem. For anyone wondering whether cryptocurrency in general, or any particular cryptocurrency, is a scam or not, you have to understand this core problem, and use it in your evaluation criteria, in order to make up your own mind about it. Nick Szabo also wrote about it a few years ago, also worth reading, but it's more general than the OP link: http://unenumerated.blogspot.com/2015/05/small-game-fallacies.html http://unenumerated.blogspot.com/2015/05/small-game-fallacie...