Tag: game theory

News out of Russia indicates the country is open to accepting Bitcoin and other hard assets in exchange for oil and other commodity exports.The below is from a recent edition of the Deep Dive, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox,...

Thinking about the potential Bitcoin-oriented geopolitical moves to be made only shows the unlimited possibilities of Bitcoin’s game theory.Read "A Look At The Game Theory Of Bitcoin," the first part of this series, here.In this article I will suggest potential routes for Bitcoin’s game theory to play out. So, what is game...

What is the current setting of nation-state monetary dependency, and where could Bitcoin take us?Let us consider the nations of the world, their standing as monetary powers, as followers, victims, and outcasts. How will these nations use Bitcoin strategically?There Are Four Kinds Of Countries TodayMonetary HegemonsThese are countries with massive sway over others. Other nations hold their...

Game theory is the science of multi-agent decision making. It uses mathematics to study the strategic interaction of rational decision makers. Game theory has social, logical, and computer science applications. It also has Bitcoin applications at the personal, social, business, and nation state levels.The Bitcoin DilemmaThe Center Cannot Hold: 11Game theory is the science of...

In part one of this series, we examine the game theory of bitcoin, an often mentioned but often misunderstood aspect of bitcoin adoption.What is game theory? Simply put, if you are playing any game of strategy, like chess, any move you make in the game will have to be countered by your opponent. The strategic decisions that you and your opponent make...

The whistleblower has highlighted how El Salvador's "pawn to e4" move will pressure other nations to adopt bitcoin.The game-theoretic facet of Bitcoin adoption might soon start playing out in global geopolitics. Famous whistleblower Edward Snowden tweeted about it yesterday, highlighting that Bitcoin favors those that adopt it early, thereby putting pressure on other nations who might be penalized for being...