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Ep 42: Antoinette Schoar on Decentralized Finance & Crypto
Brave New World -- hosted by Vasant Dhar
Is There a Concentration in the Price?
Miner: People need to win often enough, right? If you're a miner that's relatively small, you could have a bad run and then you're out of business. So that encourages sort of concentration. Now, there's a second thing you said that is the price. I guess what you mean by that is if the price goes down, then the rewards go down and the threat of an attack increases.
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