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How To Steal Bitcoin: Divide & Conquer

How To Steal Bitcoin: Divide & Conquer

Common narratives surrounding Bitcoin forks posit an immediate, guaranteed opportunity for a 100% arbitrage by selling one fork's coins for the other. Many proponents assert that when a chain splits, the resulting two assets possess parity in value. While the quantity of satoshis on each fork of the chain indeed holds a 1:1 relationship, the "100% arbitrage" assumption is fundamentally flawed; it mistakes theoretical value symmetry for realized market equilibrium. The empirical evidence dictates a far more nuanced reality; minority forks invariably debut with an immediate, significant negative deviation, rendering the assumed "100% arbitrage" opportunity a statistical improbability.

vor 3 Mon.3 mo ago8 Min.8 min
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