3 ms·
There's little incentive to mine if the price is zero. It would be much easier for a single entity to undermine the integrity of the chain with a 51% attack if
by AlexandrB 4y ago
There's little incentive to mine if the price is zero. It would be much easier for a single entity to undermine the integrity of the chain with a 51% attack if the only miners are true believers not motivated by money.
- bouncycastle 4y ago0 here is a figure of speech. Chains never go to zero if they are still alive, they are always worth something to someone, even if they are test-nets. Also, high price of a token does not mean the security is high! What matters is that the participants stay honest. See section 6 of bitcoin.pdf, also nowhere in the paper it mentions about price!