Game theory

Welcome to Bitcoin Island

“Forget currencies and commodities… perhaps the right analogy for Bitcoin is LAND!” Flashback from 2014 with @gendal in an analogy that presents a unique and interesting perspective of what it means to own a Bitcoin. Today’s QuikRead, “Welcome to Bitcoin Island!

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What Will Bitcoin Look Like in 20 Years? – Part 2

Will hundreds of coins flourish? Will economic thought change completely? Will it be a force for good or evil? And will Bitcoin even survive? All this and more in the second half of Daniel Jeffries’s great piece on the Future of Bitcoin!

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What Will Bitcoin Look Like in 20 Years? – Part 1

Will the price increase forever? Will government currencies be a thing of the past? Will there be a singular, global economy? And how do we make interesting predictions in the first place? All this and more in the first half of Daniel Jeffries’s great piece on the Future of Bitcoin.

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Ethereum, FOMO3D, and Dangerous Game Theory

“This game, underlying FOMO3D (F3D), is called “The War of Attrition” and it can produce some insanely irrational outcomes… Human beings tend to play terribly and lose.” Don’t miss Matt Stephenson’s great piece on how FOMO3D exploits “dangerous game theory.”

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Adversaries, Distributed Ledgers, and Decentralization

“Given an adversarial environment I don’t believe you can maintain secure decentralized consensus AND have timely confirmation between arbitrary parties AND scale up to a large number of nodes/transactions.” – @SarahJamieLewis

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Its Too Late – Nothing Can Stop the Bitcoin Protocol

“In 3 years no one will be talking about Bitcoin.” Miguel Cuneta has something to say about that claim. Listen to find out!

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Don’t Be Fooled, This is Bitcoin’s Greatest Moment

I want you to do something for me. Take a minute, and go to your favorite block explorer, and watch the transactions roll in. As I write this, Bitcoin is running with a little over 200,000 unconfirmed transactions. We have been told over and over that this is a requiem for Bitcoin. That high fees…

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