Mallesh Pai
@malleshpai
Forward Deployed Researcher and Recovering Economist @tempo.
加入 December 2009
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This is is a very cool result imo: a simple miner strategy that is an equilibrium (no profitable individual deviation, unlike follow the longest chain and the deviations shown in the selfish mining lit)
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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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