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Netsuite. That's Netsuite
That's netsuite. That's netsuITE. That'sn't that right? It is, isn't it? I'm not sure what else to say about this song. The words are: "Netsuite" which means 'nothing' or 'not much' in English and refers to a person who has never been seen by another human being. In the original version of this article we referred to these people as Netsuites. We apologise for any confusion caused through our use of such terms.
One of the most important topics in Bitcoin is this idea of game theory and the mutually reinforcing incentives to keep the entire network balanced and beneficial to all participants. Preston Pysh and Scott Lindberg cover all sorts of interesting ideas around Bitcoin’s overall game theory on today's episode.
IN THIS EPISODE, YOU’LL LEARN:
00:00 - Intro
02:30 - An overview of Game Theory.
12:53 - The critical difference between infinite and finite games.
23:21 - What Satoshi had to consider when designing Bitcoin from the start.
38:04 - What are some of Scott's favorite game theory aspects found in Bitcoin?
42:51 - How Scott designed a playable game around Bitcoin.
46:27 - The iteration process for designing games that are playable and balanced.
56:19 - How game designers account for skilled players playing a game with unskilled players.
01:03:28 - What Volatility does to a games design.
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