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> It's interesting to see that the market price is completely decoupled from such problems coming into public attention... It's seems "decoupled" because inves
by petertodd 12y ago
> It's interesting to see that the market price is completely decoupled from such problems coming into public attention...
It's seems "decoupled" because investors know that there is a fairly high chance that the problems will be fixed when it becomes apparent that it's posing a serious threat. Ultimately what Bitcoin is is a social consensus, and that social consensus has rapidly changed before in the face of exploits and will probably do so again. Secondly, at a technical level solving the flawed incentives can be done in a backwards compatible soft-fork upgrade - a hard-fork where everyone upgrades at once is not required, which makes agreeing to and deploying such a change significantly easier.