Nov 21, 2021
13 min read
On Bitcoin’s Fee-Based Security Model — Part 3: Bitcoin vs. The State
Is proof-of-work mining a good security strategy vs. adversarial nation-state actors?
Double-spending is the “easy” problem of Bitcoin security. State/military attacks are the hard problem. I’ll try to keep this relatively brief because I’ve written about it before but proof-of-work mining is not a good security strategy vs. the state.
