Bitcoin’s Game Theory Has Endless Possibilities

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 theory? In layman's terms, if you are playing any game of strategy, whether it be chess, basketball, football, Battleship, Monopoly or checkers, any move you make in the game will have to be countered by your opponent. The strategic decisions that you and your opponent....


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The Bitcoin Dilemma

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.