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>In my limited understanding, this is not an issue because it is in the miners' best interest to actually do their job correctly. They wouldn't have an incentive to muck around.

Well, they wouldn't have in-game incentive to muck around, but they could have meta-game incentive. Here's a good article explaining that:

https://news.ycombinator.com/item?id=21058809 (Rationality is Self-Defeating in Permissionless Systems).




I know this won’t be popular here, but this reminds me of the “security theater” talked about on the Urbit blog. They basically designed the urbit network to account for the fact that there needs to be human escape hatches for any number of reasons. To pretend otherwise would be to set up a “theater”.

https://urbit.org/blog/the-dao-as-a-lesson-in-decentralized-...

What is your opinion on this topic?




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