2 ms·
It's all a matter of the right price. Bank A doesn't own 51% of bitcoin, it has control over 51% of the mining pool. As a rational agent in the bitcoin-only w
by msandford 13y ago
It's all a matter of the right price. Bank A doesn't own 51% of bitcoin, it has control over 51% of the mining pool. As a rational agent in the bitcoin-only world that's worth SOMETHING but not billions. As a rational agent in the total world it might be worth sacrificing $100mm on the pool if it can cost your competitor $10b.