Post
Topic
Board Development & Technical Discussion
Re: MIner Question
by
squatter
on 03/01/2020, 18:55:39 UTC
The debate started from "the miners are stopped from being rational".
No, it was about a situation where incentives external to the protocol might override block rewards. All game theory assumes that miners will be rational.

Hypothetical situation: The Chinese government pays miners to attack the network, and threatens those who don't comply with prison time. Wouldn't it be rational for Chinese miners to engage in the attack? I think so...

NO, that would show the Bitcoin [community] that the miners that accepted payment can be irrational, and can never be trusted.

That's not irrational behavior given the circumstances.

In any case, you're conceding my point -- if we can't depend on miners to be honest, how can we have confidence in the system's ability to secure our money? Even if the community rallied around a hard fork, what is the basis for user confidence in the new (and much less secure POW-wise) fork? What is to stop this from happening again?