“There are two parties in Bitcoin with opposite interests from network security point of view: passive stakeholders and active users.
TRUE
There is (still) no mechanism of achieving equilibrium regarding costs of network security between these two parties.
TRUE
A system in which all users participate in ensuring its long-term security - is honest.
A system in which only active of them participate, and passive stakeholders are de facto long-term dishonest free riders - is not honest.
(sad but) TRUE”
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