Why does anyone think BitCoin is going to work when its users aren’t mostly BitCoin enthusiasts?
I’m specifically referring to incentives of 51% attacks. The returns on mining seem to increase as computing power eclipses 50%, creating an economy of scale in mining and incentivicing attacks.
Why does anyone think BitCoin is going to work when its users aren’t mostly BitCoin enthusiasts?
I’m specifically referring to incentives of 51% attacks. The returns on mining seem to increase as computing power eclipses 50%, creating an economy of scale in mining and incentivicing attacks.