Exactly. PoW's security model relies on each miner or colluding group of miners having <50% (actually <23.21% because of https://arxiv.org/abs/1507.06183 ). Its ability to stay secure despite these assumptions being broken leans heavily on the social layer.
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Even the assumption that a selfish mining attack would ultimately harm everyone by making the price go down is an assumption about the social layer. Vlad's Casper research does an excellent job of *minimizing* social assumptions by relying only on explicit in-protocol penalties
Sounds like we agree on minimizing social assumptions (or as I call it, trust minimization).
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How about the assumption that I have no idea what you brilliant fools are talking about? Correct.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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Thanks. Twitter will use this to make your timeline better. UndoUndo
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