In Bitcoin, you're spending hash power to vote on a bad fork. If they misbehave, then one could expect the price of the token go down because there is no double spend in the blockchain. The more interesting thing is that all of these thought experiments run in this world where people assume that the underlying is independent of the derivative market. It's very hard to prove a formally verifiable theorem about these types of systems as they depend on a lot of randomness.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode