sophiaw1926 on Nostr: I’ve been reading the white paper. Satoshi used a decision tree and folded it back ...
I’ve been reading the white paper. Satoshi used a decision tree and folded it back to find optimal proof of work chain - Tx3 then Hash 3 then Hash 23.
Did he mean interior hashes do not need to be stored or inferior hashes :)
It’s game theory, simultaneous node moves or sequential with the player 1 advantage. Omg, satoshi even had the ‘grim trigger’ to encourage honest behaviour. That branch is a choice between stealing or generating new coins. This is why he says you will find it more profitable to play by the rules than to undermine it. Think infinity and time value of money and discount rates that businesses play by with stock exchange. Love that he included a reference list too. He is into the details. Sleepy now 🥱 going to bed. Goodnight Berntzen, thanks for sharing the quote.
Did he mean interior hashes do not need to be stored or inferior hashes :)
It’s game theory, simultaneous node moves or sequential with the player 1 advantage. Omg, satoshi even had the ‘grim trigger’ to encourage honest behaviour. That branch is a choice between stealing or generating new coins. This is why he says you will find it more profitable to play by the rules than to undermine it. Think infinity and time value of money and discount rates that businesses play by with stock exchange. Love that he included a reference list too. He is into the details. Sleepy now 🥱 going to bed. Goodnight Berntzen, thanks for sharing the quote.