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0 pointsnaasking4y ago0 comments

> It’s a system with feedback loops, it’ll eventually level out at some equilibrium.

An equilibrium doesn't entail that it's a sustainable point, or that it's actually providing value when you properly account for all externalities.

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keymone4y ago

Good question. Some function of how much PoW each person can deploy in order to attack the chain and how much value is secured by the chain. It’s like a relation between price of a bike and price of a lock to secure the bike.

j / k navigate · click thread line to collapse

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keymone4y ago

j / k navigate · click thread line to collapse