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Lightning and the Internet: A Comparison
"I get pretty mind-blowing. It's like keep underestimating the amount of talent and like the amazing people that are drawn to this space," he says. "If I knew nothing about Bitcoin, it was like, Holy crap, like get ready because there's something going on here." He adds: "We're not ready for even as much progress has been made... We still have massive challenges like the scaling issue"
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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