Re:What Is Cryptocurrency Game Theory: A Basic Introduction
by solotronics on Wednesday August 09, 2017 @11:10AM
(#14969828)
its entirely game theory because the only way to secure these distributed systems is if the participants all benefit most by enforcing the code and not deviating
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Re:What Is Cryptocurrency Game Theory: A Basic Introduction
by fiatjaf on Wednesday August 09, 2017 @12:04PM
(#14970624)
All protocols of the world were thought with "game theory" in mind. They just didn't call it by that fancy name.
Re:What Is Cryptocurrency Game Theory: A Basic Introduction
by solotronics on Friday August 11, 2017 @11:41AM
(#14990770)
In a way but I believe it is less direct in other examples. TCP was not built in a way with game theory in mind to give reward to the participants. I believe BTC will thrive because the users and miners are incentivized to strengthen and enforce the system instead of attack it, this was an important and purposeful part of the design.