Are You Too Late to Bitcoin? with Luke Broyles (WiM357)
The "What is Money?" Show
The Role of Game Theory in Bitcoin
This chapter explores the concept of game theory and its relevance to Bitcoin, drawing parallels between decentralized defense mechanisms in nature and the need for mathematical algorithms to eliminate human involvement in decision-making processes. It discusses the centralized nature of money and how game theory relates to it, highlighting the incentive structure to control money and acquire resources. The chapter also explores the potential of Bitcoin to reduce violence and coercion by making them less profitable and questions the role of states in a Bitcoin standard.
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