The "What is Money?" Show WiM019 - The Booth Series | Episode 9 | Game Theory and Bitcoin
4 snips
May 25, 2021 AI Snips
Chapters
Transcript
Episode notes
Iterated Game Theory Builds Trust
- Iterated game theory builds trust over time through repeated interactions, unlike a one-off prisoner's dilemma.
- Cooperation thrives when players understand long-term consequences rather than short-term gains.
Deflation Defends Freedom
- Deflation supports free markets and ultimately defends against centralized control, unlike inflation.
- Rational governments will likely adopt bitcoin early for its societal advantages and technological progress.
Devisiveness Undermines Cooperation
- Devisiveness fuels distrust and betrayal, undermining cooperation in social and economic systems.
- Removing barriers to communication enhances trust and enables cooperative strategies to succeed.