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6 sats \ 3 replies \ @CheezeGrater 13 Jan 2022 freebie
"We also think there is very high stakes game theory at play here, whereby if bitcoin adoption increases, the countries that secure some bitcoin today will be better off competitively than their peers. Therefore, even if other countries do not believe in the investment thesis or adoption of bitcoin, they will be forced to acquire some as a form of insurance. In other words, a small cost can be paid today as a hedge compared to a potentially much larger cost years in the future. We therefore wouldn't be surprised to see other sovereign nation states acquire bitcoin in 2022 and perhaps even see a central bank make an acquisition."
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5 sats \ 1 reply \ @CheezeGrater 13 Jan 2022 freebie
Honestly, understanding game theory is life-changing, and I'm just not getting the same vibes from the likes of Etherium and shitcoins.
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4 sats \ 0 replies \ @CypherPoet OP 13 Jan 2022
The game-theoretical configuration of nation-state central banks can basically be described as a Mexican standoff 😂.
No one wants to take a public position in Bitcoin yet. But as soon as some one does anyway... 🍿
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0 sats \ 0 replies \ @cryptocoin 13 Jan 2022
Needs some bolding:
"We also think there is very high stakes game theory at play here, whereby if bitcoin adoption increases, the countries that secure some bitcoin today will be better off competitively than their peers. Therefore, even if other countries do not believe in the investment thesis or adoption of bitcoin, they will be forced to acquire some as a form of insurance. In other words, a small cost can be paid today as a hedge compared to a potentially much larger cost years in the future. We therefore wouldn't be surprised to see other sovereign nation states acquire bitcoin in 2022 and perhaps even see a central bank make an acquisition."
reply