Game Theory Critiques of POW Mining

Started by CWEvans, March 25, 2014, 03:40:49 PM

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CWEvans

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March 25, 2014, 03:40:49 PM
Recent article summarizes research analyzing weaknesses in Bitcoin's reliance on POW and mining.

"Academics Spy Weaknesses in Bitcoin's Foundations"


  • Transaction fees alone are insufficient to justify expense of mining.
  • 'Selfish Miner' attack.
  • Centralization begets DDOS attacks.
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