This incentive fails under two circumstances: 1) The coalition controls enough hash power (so can mine blocks fast enough) 2) The coalition can enforce cooperation BOTH OF THESE CONDITIONS are met if the Chinese gvt seized the 71% of hashpower located in China
Classical liberalism is rhetoric used to create a cohesive group that can seize power "Freedom", "liberty" are the goods it offers to gain adherents It's closer to functional than socialism but has the same ultimate flaws
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