2 ms·
I'll just wait for you to take that short term loss and restart the mining when it's profitable again. Since that's what everyone thinks there's an incentive tr
by pedrocr 4y ago
I'll just wait for you to take that short term loss and restart the mining when it's profitable again. Since that's what everyone thinks there's an incentive trap there. And now someone that actually does decide to take the loss has an incentive to make a 50%+ attack on the network to double spend their way into profitability.
- jpgvm 4y agoNot a crypto fan but regarding the 51%+ attack that is sort of covered by game theory. By performing the double spend they doom the network itself so it will either be forked so it may continue or entirely die out. Either way the party carrying out the attack is unlikely to be able to benefit from it, especially if a prerequisite of the viability of the attack is the network already being incredibly week.
- deltree7 4y agoi) Hedge Funds can easily carry out this a) Short all of PoW cryptocurrencies b) Carry Out 51% attack c) Profit. ii) Nation States can easily carry out this. a) Carry Out 51%. b) Shut the assholes who parrot, "Hurr Durr Crypto is better than fiat" once for all At this point, it is only the will that is not there, not the capability