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Outlines the block reward schedule overview of probability and game. Identifies common assumptions such as exploits with mathematical hteory, including selfish mining to attack. This volume: Describes attacks and the Market Fragility Hypothesis, establishing a framework for analyzing incentives.
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Game Theory and Bitcoin - The Booth Series - Episode 9 (WiM019)Game theory and Bitcoin are a match made in math. The strategic interaction between miners, the system of incentives, and the solution to the. In simple words, Bitcoin uses game theory and a system of material incentives to make sure that rational actors behave in a certain manner by aligning their. In part one of this series, we examine the game theory of bitcoin, an often mentioned but often misunderstood aspect of bitcoin adoption.
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