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RE: Whales, Dolphins and Minnows: Why Each User is Important and Has a Role to Play In the Steemit Ecosystem
It's like bitcoin mining, in a sense. If miners collude to attack the network then the coins they produce lose their value - so the attack vector to "gain", fails as a consequence of their actions which devalued the network.
yeah same idea. Satoshi knew his game theory well, thats why a lot of people think hes an economist of sorts because you can see it in so many design choices in bitcoin.