I do remember seeing a counter to this so I don't take it as gospelpic.twitter.com/6vQbXTWVbq
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I don't dispute that, I'm questioning it's validity as a game theory maxim. Of course we use heuristics and best practices as we go.
Oh the example occurred between November 10 and November 14, 2017. There was no reason to put hash power back on the BTC network except for Jihan to declare himself King of Bitcoin.
On 2nd sentence, the complexities involving Jihan's hashpower allocation are subject to tiers of scale that he almost exclusively operates on. Long term political/economic gaming in play, doesn't follow as defined/micro of a ruleset as statements like "hashpower follows $"
That said, that was a wild week that I believe shook many of us. I know your comments at the time were insightful to me.
I totally agree. In fact, money follows hashpower. Miners are the “industry” in the “crypto industry”. The build real things and create more jobs than anyone else. Any assertions otherwise are flights of fancy.
If people REALLY want to mess with Jihan they should make BTC and BCH merge minable.
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