Game Theory

The United States throwing its weight behind Bitcoin would effect a massive shift in the game theory underpinning Bitcoin, but probably not in the way you think.

Life is one game after another, and just because bitcoin is sound money doesn’t mean it is any different.

News out of Russia indicates the country is open to accepting Bitcoin and other hard assets in exchange for oil and other commodity exports.

Thinking about the potential Bitcoin-oriented geopolitical moves to be made only shows the unlimited possibilities of Bitcoin’s game theory.

What is the current setting of nation-state monetary dependency, and where could Bitcoin take us?

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.

In part one of this series, we examine the game theory of bitcoin, an often mentioned but often misunderstood aspect of bitcoin adoption.

The whistleblower has highlighted how El Salvador's "pawn to e4" move will pressure other nations to adopt bitcoin.