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This question refers to Budish s back - of - the - envelope calculation of how big the trans - action fee needs to be
This question refers to Budishs backoftheenvelope calculation of how big the trans action fee needs to be in order to fend off a doublespending attack.
Suppose the attacker needs to rent K times N instead of times N computers, where K Express the necessary fee as a function of K What is the derivative of the necessary fee with respect to K Does the sign of the derivative make sense to you? Why or why not?
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