Read “A Look At The Game Theory Of Bitcoin,” the first part of this series, here.

In this article I will suggest potential routes for Bitcoin’s game theory to play out. So, what is game theory? In layman’s terms, if you are playing any game of strategy, whether it be chess, basketball, football, Battleship, Monopoly or checkers, any move you make in the game will have to be countered by your opponent. The strategic decisions that you and your opponent make will ultimately determine who wins and who loses the game. This is game theory in its most simplistic form.

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