On Wednesday, 29 March 2017 14:48:42 CEST Martin Stolze wrote: > Your > conception holds under the presupposition that all action of > hash-power is motivated by 'rational' economic interest.
This shows you didn't think this through, instead, the concept holds true when there is even a small section of hash power motivated by rational economic interest. Your claim that it has to be 100% of the miners that need to be honest is something I already addressed in the previous email when I wrote its a distributed system. Since this is an open market, the requirement of a secton of miners being honest is pretty trivial to fulful, especially since Bitcoins are worth quite a lot which makes greed be the main cause of honest miners. This is the best part, greedy miners are the ones that end up working inside the system. This is very quickly going off-topic. I suggest you to take it to a different forum where more people can explain Bitcoin without spamming the dev list. -- Tom Zander Blog: https://zander.github.io Vlog: https://vimeo.com/channels/tomscryptochannel _______________________________________________ bitcoin-dev mailing list bitcoin-dev@lists.linuxfoundation.org https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
