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Knowledge Protocol. Daily curated links from the space of blockchain, bitcoin, tokens, cryptocurrencies and protocols. No news, no bullshit, deep knowledge only.

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A Review of Budish’s 51% Attack Theories - What is the Fair Price of An Old ASIC? ()

"Eric Budish, a Professor of Economics at the University of Chicago, recently published a working paper called “The Economic Limits of Bitcoin and the Blockchain,” in which he argues that the theoretical threat of a majority attack (a.k.a. 51% attack) in Bitcoin is much higher than we believe."

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