Could anyone actually break Bitcoin? Micah Warren, associate professor of mathematics at the University of Oregon and author of Bitcoin: A Game-Theoretic Analysis, joins Grace Remington and Sean Hagan to break down Bitcoin’s security through the lens of game theory. He explains why miner incentives are one of the main things holding Bitcoin up, and why classic reorg and double-spend attacks are unlikely today.
Chapters:
0:00 – Micah Warren on What Game Theory Reveals About Bitcoin’s Security
1:33 – Why Miner Incentives Hold Bitcoin Together
3:40 – How Treasury Companies, Governments and Miners Change the Game
4:54 – North Korea, Iran and Bad Actors in the Bitcoin Ecosystem
6:18 – AI vs. Bitcoin Mining: When Miners Have Other Options
8:30 – Feather Forks: How a Minority of Miners Could Try to Censor Transactions
12:09 – Could Government Stakes in Miners Raise Censorship Risk?
13:02 – Blacklisted vs. Clean Bitcoin: The Institutional Demand Choke Point
16:19 – How Resilient Is Bitcoin? Rogue Attacks vs. Centralization
17:45 – The Security Budget Debate and Why Miner Collusion Is the Bigger Risk
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