Manuel Mueller-Frank
@ProfMMF
Economics Professor at IESE Business School. Decentralization Maximalist. Game Theorist.
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New paper (with Minghao Pan and Omer Tamuz)🚨
Bitcoin functions without a central intermediary, but the decentralized consensus among miners is vulnerable to profitable deviations.
We show how Bitcoin’s intended decentralized consensus can be sustained in equilibrium, without redesigning the chain.🧵
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