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Researchers Use Game Theory to Identify Potential Problems for Bitcoin
- deepblueocean 13y agoI did not previously know that there was work suggesting that mining is naturally an oligopoly. People have suggested to me that mining may already be a monopoly and that this could have been going on for a long time, with a monopoly pool "laundering" its work through rented time on other pools. So there are definitely interesting questions to consider in this area, including questions about how a rational mining monopolist will want to behave.