I won’t pretend to understand all the complexities of how modern crypto works, but this article is fascinating. I was especially taken aback at how the policy c

I won’t pretend to understand all the complexities of how modern crypto works, but this article is fascinating. I was especially taken aback at how the policy considerations seem analogous to “real life” policy issues: > Ethereum is likely just fine at this level of security spending, but it’s not worth fully discounting the service that the miners perform. Their job is to create valid, linear blockspace with no forks. Decrease the wages paid to the mercenary army that defends your terrain, and it can more easily be paid off by an attacker. There’s a point where further decreasing miner revenue would put Ethereum at risk; granted, it’s probably at a much lower threshold.