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, subscribe now.In previous Daily Dives, we’ve discussed the continued bitcoin game theory playing out on the national stage. Today, it was taken another step further with this news: “Russia is open to accepting bitcoin for its natural....
Related News
Russia is moving away from the dollar and the euro as payment options for its energy exports, and bitcoin has been mentioned as a possible substitute alongside the ruble and the national currencies of partnering countries. A high-ranking parliamentarian has indicated that Moscow may take cryptocurrency for natural gas and other resources. Russian Official Mentions Bitcoin Among Alternative Settlement Methods for Its Gas The Russian Federation has been taking steps in response to unprecedented Western sanctions imposed over its invasion of Ukraine. The energy-rich nation is now looking to....
An institute facilitating Russian exports is now working on the establishment of a sandbox for international crypto payments, local media reported. The goal is to identify potential regulatory and technological challenges for settlements with digital assets.
Russia Prepares to Test Crypto Payments for Exports in Dedicated Sandbox
The Russian Export Center (REC), which is a state-run institute tasked to support Russia’s exports, is now considering the employment of digital currencies as an alternative approach to international settlements under sanctions.
The....
Thinking about the potential Bitcoin-oriented geopolitical moves to be made only shows the unlimited possibilities of Bitcoin’s game theory.
In part one of this series, we examine the game theory of bitcoin, an often mentioned but often misunderstood aspect of bitcoin adoption.
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.