I read the blog and comments but not the actual research paper as I'm no computer-geek. The first thing that strikes me is that the author claims that a minority of any size (not 25 or 33%) can engage in a "selfish mining strategy" to get more btcs and eventually have more resources and hashing power to rise & become >50%.
Now why wouldn't ALL other pools adopt this "selfish mining" strategy? The author never engages that argument!
He simply claims that one pool will succeed in "selfish mining" and all the other pools will desire to merge with the "selfish mining" pool. I DOUBT that! I would think other established pools would compete and also engage in "selfish mining".
Love to hear other people's thoughts on this.
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