- Threshold security = some given amount of USD expenditure is sufficient to secure the chain, no matter how valuable it is - Flow security = security spend should be a function of economic throughput - Stock security = security spend should be a function of network value
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Agreed, they are related. Flows creates stock, and perhaps vice versa? As per
@saifedean: more miners - > more hash rate -> more security -> more attractive -> more price -> more miners -
Yes, I think stock & flows are inextricably linked & essentially 2 sides of the same coin. E.g.: Plants turn CO2 from the atmosphere (stock) into O2 via photosynthesis (flow). Animals then consume O2 (flow) & spit out CO2 back into the atmosphere (stock).
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The distinction is mostly a time horizon one and the attack you are designing against
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The reason I think it's not exclusively one or the other is because stock shows up as the much larger cost, but it wouldn't exist without flows.
After all, stock is the integral of flows.