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Author Topic: Bitcoin in Nash Equilibrium  (Read 1067 times)
dsheehanmining
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March 13, 2017, 09:29:06 AM
 #1

Was just wondering to what extent do people believe that Bitcoin is in or between a Nash Equilibria as regards independent miner pooling and network trust decentralisation?
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March 13, 2017, 11:33:14 PM
 #2

Considering the assumptions needed for the analysis I'd say it's indeterminate at best...

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March 23, 2017, 01:02:56 PM
 #3

If we want to look at bitcoin in Nash equilibrium, we should create game matrix model based on dumping and pumping times, but the game model is impossible, because each dumping or pumping times, we should create the model again and again. However, to see the Nash equilibrium points in  basic level, we should create 2 players like average joe and whales and we should have assumptions. According to these datas, we can create the game matrix model and we can find the Nash equilibrium points by giving a value for each outcomes.


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