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Statistical modeling of PoS systems with Tarun Chitra

Zero Knowledge

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Bitcoin

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.

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