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Recently, game theory [11] has been applied as an alternative solution in the blockchain network. Game theory is a study of mathematical models of strategic interaction between rational decision-makers [12]. Thus, game theory can be used to analyze the strategies of the consensus nodes as well as the interactions among them. Bitcoin does not fit so neatly into pre-existing boxes from the past, including concepts such as money, commodity, and property. My work on bitcoin has centered on re-examining fundamental concepts from economic and legal theory in light of bitcoin while raising public understanding of how it works. Bitcoin permabull max keiser set an exuberant $28,000 bitcoin price target, citing its escalating hash rate and game theory. The bitcoin maximalist is the host of the keiser report, a financial program broadcast on rt (formerly russia today). Of dynamic game theoretic solutions to the model: social optimum, nash equilibrium and myopic nash equilibrium. Using the model that a player represents a single \miner" or a \mining pool", we develop novel and interesting results for the cryptocurrency world. Keywords: blockchain, bitcoin mining, dynamic game theory, di erential game,. Game theory explores how rational people make strategic decisions in different scenarios. #bitcoin could be perceived as a veblen good – and this might turn out to be yet another aspect of satoshi’s subversive game theory design baked into the protocol. Ie, the super wealthy might start buying btc as a status symbol, particularly when price cracks $1,000,000. “the game theory that secures bitcoin requires that a) miners have an incentive to mine honest blocks [and] b) miners have a cost … to attempting dishonesty,” dubrovsky said. Game theory is a concept that analyzes the interaction between individuals and the decision-making process in a specific setting. The concept can be applied to cryptocurrency because it enables developers to predict the outcomes of their networks in an effective manner. John von neumann developed game theory. The bitcoin protocol provides economic incentives in all the right places resulting in an exceptional solution to the byzantine generals’ problem. Satoshi nakamoto applies concepts from cryptography, mathematics, game theory and economics to create a beautifully designed — and the world’s first — digitally scarce asset called bitcoin. The bitcoin game theory in 2020 is in full effect! this is why altcoin daily is the best cryptocurrency news for june 2020, and why we answer the question: what is the best cryptocurrency to buy in june 2020 in us. Following the recent coverage of the bitcoin protocol bug, cve-2018-1744, i caught up with jimmy song to discuss the game theory behind exploiting it. We also discuss mining centralisation, 51% attacks and why proof of work needs to be expensive. Bitcoin offers an excellent testbed to explore and improve our knowledge of game theory. Due to the large financial incentives at stake, theoretical knowledge about strategies is considered very valuable

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