In practice, Darknodes would be expected to buy-back their own bonds from this auction, because it minimises their losses, and it is safe to assume that even an irrational adversary would seek to minimise losses.
I think this somehow is problematic.
Isn't the whole "irrational adversary" topic about attacks where losses are accepted by the attacker? So if there is the possibility to attack the network without buying back their own bonds, an irrational attacker would do it.
I read the last part like this "it is safe to assume that an irrational adversary would act rational". Am I wrong?
I think this somehow is problematic.
Isn't the whole "irrational adversary" topic about attacks where losses are accepted by the attacker? So if there is the possibility to attack the network without buying back their own bonds, an irrational attacker would do it.
I read the last part like this "it is safe to assume that an irrational adversary would act rational". Am I wrong?