Kyle Wang
Kyle Wang
Jul 21, 2017 · 1 min read

I think the game theory element of this is very interesting — Cold War-esque bluffs and threat of potential force. Isn’t it the case that these large miners have essentially painted themselves into a corner? I imagine folding on such a strong chain fork threat means they will lose all credibility and ability to impact future developments in Bitcoin.

One thing’s certain — the growing centralization is certainly not something Satoshi envisioned and definitely an externality of the PoW incentive system.

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Kyle Wang

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Kyle Wang

Blockchain addict, social psych enthusiast, occasional dancer. Find me on LinkedIn: www.linkedin.com/in/kyleTwang

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