What's wrong with Bitcoin, and can it be improved?

[Guybrows]

Network size and the cost benefit of an attack

The formula can be rearranged to work out the maximum price of safecoin for a specific network size before an attack becomes viable. Yes - ensuring security means there is a maximum possible value for the price of safecoin (probably something of interest to those in the price and trading topic). SP = (NS^2 * Q * VC) / (TC * VPS) For example, assuming the same parameters as the original post ($1 lifetime cost per vault, 50 vaults per section) a network with 5M vaults could support a maximum saf…