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[–] Cantilever [S] 1 point 0 points (+1|-1) ago 

Except the white paper admits that the entire system depends on the majority of nodes being run by "honest" miners

You think most miners are honest today?

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[–] go1dfish 0 points 2 points (+2|-0) ago 

It depends on a majority of the hashing power to be not in collusion to do nefarious things.

The idea is to make it prohibitively expensive to attack the network, but it's true that it isn't impossible.

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[–] Cantilever [S] 0 points 1 point (+1|-0) ago 

As the price skyrockets, doesn't the economic incentive to game the system scale with it, along with the cost of mining, thus limiting the number of miners with the capital to continue mining?

Seems destined to fail