Bitcoin: A Miner Problem
grarpamp
grarpamp at gmail.com
Thu Mar 3 08:45:47 PST 2016
http://qntra.net/2016/03/a-miner-problem/
That the notion of "a majority of Bitcoin nodes" is void of content,
That a cartel of Bitcoin miners is deliberately and systematically
withholding blocks for an interval of about 20 minutes to a half hour,
so as to ensure themselves a (significant) advantage over any would-be
competitors.
That neither above item makes sense or could long survive without the other
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