Hacker News new | past | comments | ask | show | jobs | submit login

Mining power follows profitability, not the other way around.



I guess this is what crypto people tell themselves to resolve the cognitive dissonance. I don't think this assumption applies to reality. We've observed in the historical record several instances of mining majorities unilaterally forking chains and/or even reversing transactions. The result of this has not been any revolt. Given that this is fundamentally the way the system is designed and that it has happened in the past, it seems logical to say it will happen again.




Consider applying for YC's Spring batch! Applications are open till Feb 11.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: