📅 Original date posted:2014-10-25
📝 Original message:On Saturday 25. October 2014 21.06.32 Alex Mizrahi wrote:
> If miner's income margin are less than 50% (which is a healthy situation
> when mining hardware is readily available), we might experience
> catastrophic loss of hashpower (and, more importantly, catastrophic loss of
> security) after reward halving.
For the sake of argument, lets assume that somehow (quite unlikely) half the
mining equipment gets shut off.
The amount of hashes/second is such that it is currently, lets just say, quite
secure against any takeover.
Your document makes a long series of assumptions about how this can turn out
bad with each individually is implausible, together are just fiction.
Your research didn't convince me about this being bad somehow. It also
completely disregards the equilibriums reached by doing so.
Thomas Zander [ARCHIVE] /
npub1du…vyg93
2023-06-07 15:26:48
in reply to nevent1q…j98w
Author Public Key
npub1du3xh5wgds32a5fweqkd9k45kh30wl7kv2kyu8ugz9c2ztdg00tqqvyg93Published at
2023-06-07 15:26:48Event JSON
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"content": "📅 Original date posted:2014-10-25\n📝 Original message:On Saturday 25. October 2014 21.06.32 Alex Mizrahi wrote:\n\u003e If miner's income margin are less than 50% (which is a healthy situation\n\u003e when mining hardware is readily available), we might experience\n\u003e catastrophic loss of hashpower (and, more importantly, catastrophic loss of\n\u003e security) after reward halving.\n\n\nFor the sake of argument, lets assume that somehow (quite unlikely) half the \nmining equipment gets shut off.\nThe amount of hashes/second is such that it is currently, lets just say, quite \nsecure against any takeover.\n\nYour document makes a long series of assumptions about how this can turn out \nbad with each individually is implausible, together are just fiction.\n\nYour research didn't convince me about this being bad somehow. It also \ncompletely disregards the equilibriums reached by doing so.",
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