Game Theory Analysis: Bitcoin's Security Model and Its Thermodynamic Successor
I completed an analysis of Bitcoin's post-halving security economics and found what appears to be an unsolvable coordination problem. I'm posting here because I'd value the LW community's perspective on whether the game theory holds. Core Security Budget Problem: Bitcoin's 2024 halving cut block rewards from 6.25 to 3.125 BTC,...
Feb 51