Gavin Andresen - 2010-12-14 15:53:27

I did a simulation of two cartel strategies along the lines of my previous post.
Cartel power Cartel block fraction
......
50%   59.86%

There is something wrong with your simulation.  Proof:

Imagine a bitcoin world with two Cartels, each with 50% of the power, each following the strategy you outline.

It is obvious that they cannot BOTH get 59% of the blocks.