predictable flaws, I might add. In the basic theory of markets.
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Securing the mainchain via proof-of-work will require 51% of all electricity + comparable industrial output, forever
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This is a Nash equilibrium. Defeating this particularly stupid form of heat-death is a coordination problem.
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My guess is, first it has to win. But never be deceived: Bitcoin wants to eat your children. Moloch incarnate.
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@leashless will enjoy this horror framing
End of conversation
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