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Submission + - Researchers Find Problems With Rules of Bitcoin (technologyreview.com)

holy_calamity writes: Using game theory to analyze the rules of cryptocurrency Bitocin suggests some changes are needed to make the currency sustainable in the long term, reports MIT Technology Review. Studies from Princeton and Cornell found that current rules governing the mining of bitcoins and limiting the total number of bitcoins that can exist at 21 million leave room for cheats or encourage behavior that could destabilize the currency. Such changes could be difficult to implement, given the fact Bitcoin — by design — lacks any central authority.
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Researchers Find Problems With Rules of Bitcoin

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