You're looking at Less Wrong's discussion board. This includes all posts, including those that haven't been promoted to the front page yet. For more information, see About Less Wrong.

Grant comments on Stupid Questions March 2015 - Less Wrong Discussion

5 Post author: Gondolinian 03 March 2015 11:37PM

You are viewing a comment permalink. View the original post to see all comments and the full post content.

Comments (199)

You are viewing a single comment's thread.

Comment author: Grant 27 March 2015 05:55:53PM 0 points [-]

Why does anyone think BitCoin is going to work when its users aren't mostly BitCoin enthusiasts?

I'm specifically referring to incentives of 51% attacks. The returns on mining seem to increase as computing power eclipses 50%, creating an economy of scale in mining and incentivicing attacks.