BitcoinMotorist on Nostr: Bitcoiners have an incomplete understanding of game theory. While it is true that in ...
Bitcoiners have an incomplete understanding of game theory. While it is true that in single-turn games malicious agents fair better than cooperative agents, this is flipped on its head for multi-turn games. Cooperative actors outperform malicious ones handily. Bitcoins treat everything as a single-turn game. It's really not. The real world is multi-turn.
Published at
2025-09-30 07:22:28 GMTEvent JSON
{
"id": "9a6518bf4a9589345e860f4a72b92e669c0fc8f1101a16ecbd30db1803495c03",
"pubkey": "5d6e3e63e837860d21a3669ed90bde4c4d0fe267fd6c1dfad8ec9ef0ded29fa3",
"created_at": 1759216948,
"kind": 1,
"tags": [
[
"r",
"wss://purplepag.es/"
],
[
"r",
"wss://relay.primal.net/"
],
[
"r",
"wss://xmr.usenostr.org/"
]
],
"content": "Bitcoiners have an incomplete understanding of game theory. While it is true that in single-turn games malicious agents fair better than cooperative agents, this is flipped on its head for multi-turn games. Cooperative actors outperform malicious ones handily. Bitcoins treat everything as a single-turn game. It's really not. The real world is multi-turn.",
"sig": "b3b312a6b20aeb51bc986aa07dfdfe4838e1a8dc81fd323b234972b695325459265f0324ea6113f4ee7e2fb4e3ddb6346d80f8738384f6c30ab2002bd1b4ba37"
}
