assuming that those with skin in the game will act as rational players in bitcoin does not cut it for me. a nation-state could have a strong incentive to attack it while capturing hashpower.
enemies bitcoin had in the past are not the same ones it will have in the future. https://t.co/h87TYGrCJn
RT @bascule: This is like arguing that RSA wouldn’t take money from the NSA to put backdoors in their products because it might damage their reputation and therefore market position. However, history says otherwise... https://t.co/5865mHXUpg
RT @coindeskdata: As part of @coindesk's new Opinion Series, @hasufl debunks the claim that bitcoin mining is becoming dangerously concentrated. "Bitcoin is secure not because it is impossible to attack, but because it is costly to attack."
> Miner concentration is harmless
FWIW I vehemently disagreed with this in my feedback.
I *don't* agree attacks are always nonsensical/unprofitable. Attacks being difficult to coordinate despite making sense is an important security measure. Without it we are *more* vulnerable. https://t.co/J47HtcA0uf