Rationality is Self-Defeating in Permissionless Systems
Cryptography and Security
2019-10-22 v1 Computer Science and Game Theory
Abstract
We outline a metacircular argument explaining why it is rational to be irrational when attacking open-world decentralized systems, and why systems whose security depend on rationality assumptions are insecure.
Cite
@article{arxiv.1910.08820,
title = {Rationality is Self-Defeating in Permissionless Systems},
author = {Bryan Ford and Rainer Böhme},
journal= {arXiv preprint arXiv:1910.08820},
year = {2019}
}
Comments
First posted on September 23, 2019 at https://bford.info/2019/09/23/rational/