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Game Theory: Bitcoin’s nuclear shield - past, present and future
Game Theory, despite its playful name, was developed primarily for the needs of military strategy (especially in the nuclear conflict during the Cold War). Bitcoin is, by design, firmly grounded in Game Theory, giving financial incentives to miners and full nodes to make uncensorable, pseudonymous transactions with hard money. Thus Bitcoin was made to be resilient, robust, flexible, and utterly antifragile. However, while “blockchain”, as the underlying technology of Bitcoin, has been given much…
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