Tag: game theory

Mar 26 2022

Bitcoin Game Theory Intensifies: Russia Accepts Bitcoin For Exports

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,...

Feb 13 2022

Bitcoin’s Game Theory Has Endless Possibilities

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...

Feb 12 2022

Nation-State Bitcoin Strategies Envisioned

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...

Oct 31 2021

The Bitcoin Dilemma

Oct 31 2021 Published at Bitcoin Magazine under tags  bitcoin chess culture game theory

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...

Sep 13 2021

A Look At The Game Theory Of Bitcoin

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...

Sep 08 2021

Edward Snowden: Global Bitcoin Game Theory To Begin Playing Out

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...

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