There is nothing really new with quantum, reorg risks already exists if N -1 block reward > N block reward + 2 * block_energy_cost.
The race is converging towards marginal gain be 0 and the most solvable miners setting the chain forward and the others miners finding themselves at deficit.
The probabilistic impossibility on catching up in the block race can be reduced within the formalization of the Gambler’s Ruin as applied to bitcoin, which is already today at the ground of network’s security.
The full math and game-theory analysis can be flesh out of course, but the point is the risk already exist today with Coinbase and MicroStrategy’s centralized bags being pwned and the liquidity being leveraged to gain a persistent edge in the mining race.
Let’s be clear, I’m not making the argument to freeze Coinbase or MicroStrategy’s coins.
There is nothing really new with quantum, reorg risks already exists if N -1 block reward > N block reward + 2 * block_energy_cost.
The race is converging towards marginal gain be 0 and the most solvable miners setting the chain forward and the others miners finding themselves at deficit.
The probabilistic impossibility on catching up in the block race can be reduced within the formalization of the Gambler’s Ruin as applied to bitcoin, which is already today at the ground of network’s security.
The full math and game-theory analysis can be flesh out of course, but the point is the risk already exist today with Coinbase and MicroStrategy’s centralized bags being pwned and the liquidity being leveraged to gain a persistent edge in the mining race.
Let’s be clear, I’m not making the argument to freeze Coinbase or MicroStrategy’s coins.